Early Retirement

American Enterprise Institute - New CBO Projections of Social Security Financing

The Congressional Budget Office today released new projections of future Social Security financing, similar to those done in the annual Social Security Transferred Report.

The headline deficit figure--1.06% of payroll over the next 75 years--is significantly lower than the Trustees 2008 projection of 1.70% of payroll, which was itself a big reduction from the 2007 projection of 1.95%. This post will focus on the source of changes in the CBO projections and as well as how they differ from the Trustees' Report.