21st Century Issues: Longevity Challenges & Opportunities
Published: Apr 03, 2006. Publicly Released: Apr 03, 2006.
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Highlights
This is a Comptroller General Presentation delivered to the Metlife Longevity Summit on April 3, 2006. Major topics of this presentation include: composition of federal spending, estimated fiscal exposures, U.S. elderly dependency ratio expected to continue to increase, and GAO criteria for evaluating social security reform proposals.
21st Century Issues: Longevity Challenges & Opportunities
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Table of contents
- Open
- Composition of Federal Spending
- Federal Spending for Mandatory and Discretionary Programs
- Surplus or Deficit as a Share of GDP Fiscal Years 1962-2005
- Fiscal Year 2004 and 2005 Deficits and Net Operating Costs
- Estimated Fiscal Exposures ($ trillions)
- How Big is Our Growing Fiscal Burden?
- Social Security, Medicare, and Medicaid Spending as a Percent of GDP
- 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 2006 and All Expiring Tax Provisions are Extended
- Current Fiscal Policy Is Unsustainable
- The Way Forward: Three Pronged Approach
- 21st Century Challenges Report
- Illustrative 21st Century Questions: Retirement and Disability Policy
- Illustrative 21st Century Questions: Health Care
- Key Elements for Economic Security in Retirement
- Personal Saving Rate Has Declined
- Annual Saving Required for a35-Year Old, with Social Security
- U.S. Elderly Dependency Ratio Expected to Continue to Increase
- U.S. Labor Force Growth Will Continue to Decline
- Social Security and Medicare's Hospital Insurance Trust Funds Face Cash Deficits
- Key Dates Highlight Long Term Challenges of the Social Security System
- GAO Criteria for Evaluating Social Security Reform Proposals
- Pension System Faces Variety of Challenges
- PBGC's Net Accumulated Deficit for Single-Employer Plans Was Nearly $23 Billion in 2005
- PBGC Claims and Exposures by Principle Industry Category
- Broad Goals for Reform of the DB System
- Several Reforms Might Improve Plan Funding and Reduce the Risks to PBGC's Long-term Viability
- Key Dates Highlight Long Term Challenges of the Medicare Program
- SMI Premium as Share of Average Social Security (OASI) Benefit
- Health Care Is the Nation's Top Tax Expenditure in Fiscal Year 2005
- Issues to Consider in Examining Cost, Access, and Quality Challenges
- Selected Potential Health Care Reform Approaches
- Selected Potential Health Care Reform Approaches
- Working Longer May Help Address the Challenges of an Aging Population
- Why Older Americans Don't Work Longer
- Key Ingredients Needed for These Challenging and Changing Times
- Close