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Simcivic Update #6
AS IS Forecast
(Faster Growth Scenario)
Two images from our online Social Security Solvency
Simulator.
Benefits and Charts 1, side by side.
Note the effort to maintain payable benefits at 100% of scheduled benefits.
Note the outcome. Payable benefits drop below 100% in 2054, and end up
at 78% of scheduled benefits by the end of the forecasting period.
In the faster growth scenario, the insolvency date is postponed by about
sixteen years.
Results Page. You can use the settings on this
page to recreate our results for yourself.
Note the "Benefits Actually Paid" line - $635
Trillion, paid through 2075.
Note the cumulative GDP figure - $13,090 Trillion, 2003 through 2075.
(versus $7,500 Trillion in the Slow Growth scenario)
Note the estimated GDP growth rate of 2.6% (real growth, over and above
inflation, based on higher productivity growth).
This is one percentage point faster than the estimate used throughout
the Trustees' Report, but not as fast as historic GDP growth.
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