Archive: Alicia H. Munnell
Should policymakers look beyond the payroll tax to cover this share of the deficit? When thinking about how to fix Social Security, it is important to understand the reasons for the shortfall. If current benefits simply cost more than what today’s workers are paying, then the right action is to reduce benefits or raise payro…
Market optimism may be masking deep retirement risks. Planning for retirement has always been hard, but when government policy is unpredictable, it makes it even more challenging. For example, changes to Social Security and Medicare can put basic security at risk; changes to the tax system can scramble a household’s finances; and ballooning government debt…
