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Social Security forecasts ‘systemically biased’ to upside: study
(Source - MarketWatch.com
A new report asserts that forecasting errors within the Social Security Administration, tied primarily to life-expectancy data, have significantly overstated the financial health of the benefits program. The study, in the current issue of the Journal of Economic Perspectives, looked at forecasts the Social Security Administration made in the 1980s, 1990s and 2000s regarding revenue and spending and then compared those forecasts with actual outcomes. Read more…
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