Current and Emerging Fiscal and Retirement Security Challenges
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Table of contents
- Introduction
- GAO's Strategic Plan
- Implications of Demographic Challenges
- The Aged as a Share of Total U.S. Population Continues to Grow
- U.S. Elderly Dependency Ratio Expected to Continue to Increase
- U.S. Labor Force Growth Will Continue to Decline
- Composition of Federal Spending
- Federal Spending for Mandatory and Discretionary Programs
- Fiscal Year 2004 Deficit Numbers
- Selected Fiscal Exposures: Sources and Examples 2004
- Another Way to Think About These Numbers
- Composition of Spending as a Share of GDP Under Baseline Extended
- Composition of Spending as a Share of GDP Assuming Discretionary Spending Grows with GDP after 2004 and All Expiring Tax Provisions are Extended
- Social Security and Medicare’s Hospital Insurance Trust Funds Face Cash Deficits
- Social Security, Medicare, and Medicaid Spending as a Percent of GDP
- Current Fiscal Policy Is Unsustainable
- The Way Forward
- Key Elements for Economic Security in Retirement
- Social Security Reform Elements
- Private Pension System Faces Variety of Challenges
- Total Underfunding in Single-Employer Program Plans, 1980—2004*
- Defined Benefit Plan Weaknesses Have Serious Implications for National Retirement Policy
- Defined Contribution Pension Plans Also Face Challenges
- Many U.S. Workers Have Low Levels of Savings
- U.S. Personal Saving Rate Fell from 10.8 Percent in 1984 to 1.8 percent in 2001 and 1.4 percent in 2003
- Rising Health care Costs Have Many Implications
- Rising Healthcare Costs Have Many Implications
- Evaluating Health Care System Reforms
- Health Caree System Reform Elements
- Selected 21st Century Questions
- Selected 21st Century Questions
- Final