Economics, Entitlements

5 charts that show just how much trouble Social Security is in

In light of the current Washington debate over extending the payroll tax cut for another year (or more?), I thought it would be a good time to look at the program payroll taxes fund: Social  Security. Here are a few scary charts from the fantastic Kleiner Perkins’ USA Inc. analysis:

1. Time is not on the side of Social Security

 

2. Neither are demographics. We are getting older.

 

3. This is really the awful math of Social Security.

4. Yet the program has become more generous.

5. Each worker today has a much heavier burden.

 

2 thoughts on “5 charts that show just how much trouble Social Security is in

  1. Regarding the first chart, it is out of date as it was based on the 2010 Trustees’ report. The 2011 Trustees’ report has the (fictionally) combined OASDI “Trust Fund” remaining cash negative from 2009 through 2085.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>