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Study: Methodology of determining financial viability of social security
Date:7/31/2012

curity, with outlays in 2008 exceeding $616 billion, represents 21 percent of total spending in the federal government. That same year, contributions through payroll taxes exceeded $689 billion and just under 42 million people received $509 billion in Old-Age and Survivors Insurance benefits. An additional 9 million people received $106 billion in Disability Insurance benefits.

Along with the new methodology, Soneji and King also offered open source software tools and all data and detailed information to replicate and extend the objective analysis, and be free from political influence. "We hope to marshal the efforts of the research community to include ever more informative inputs and to continue to reduce uncertainties in Social Security forecasts," they said.


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Contact: Annmarie Christensen
Annmarie.Christensen@dartmouth.edu
603-653-0897
Dartmouth-Hitchcock Medical Center
Source:Eurekalert

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