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What’s going on with CBO’s Social Security projections?

Alicia Munnell  |  July 27, 2016

By Alicia Munnell, includes "... I was knocked over by CBO’s new estimate of the 75-year deficit at 4.8 percent.  The number is higher than the Technical Panel’s primarily due to worse economic assumptions.  But the number looks strange, particularly when viewed in the context of the agency’s own previous estimates (see Table 1).  What on earth has CBO learned since 2010 that would lead to a tripling of the deficit estimate?..."

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