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What has been the track record of the Social Security actuaries in estimating the funding needs of the system? What are the factors that could significantly change the current projections?

April 26, 2017Actuaries Estimating factors funding Needs record significantly social security system track

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What has been the track record of the Social Security actuaries in estimating the funding needs of the system? What are the factors that could significantly change the current projections?

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It is not possible for the actuarial forecasts to predict accurately all future economic and demographic developments. In its 60-year history, Social Security has never been unable to pay benefits. The actuaries’ predictions have contributed greatly to Social Security’s success.