The goal of the project was to offer mathematical solutions to the issue of Old Age Social Security Trust Fund’s dissipating as a result of the Baby Boomer generation retiring in numbers too great to sustain. We constructed a model in Microsoft Excel that uses a number of adjustable factors to save the program and found that raising the retirement age eligible to collect benefits and simultaneously increasing the contribution tax rate would prevent the expiration of the program.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Whittier, Katherine M.
• Townsend, Matthew K.
• Guertin, Michelle Tamie
• Wong, Mung

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042513-133537

Advisor

• Abraham, Jon P.

Year

• 2013

Date created

• 2013-04-25

Resource type

• Major Qualifying Project

Major

• Actuarial Mathematics

Rights statement

• In Copyright