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National Saving and Social Security Reform

April 20, 2005
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Issue Brief by Andrew D. Eschtruth and Robert K. Triest

Introduction

Saving is a critical component of both retirement security for individuals and the long-term growth of the nation’s economy. Current trends in Social Security, 401(k) plans, and personal saving suggest that individuals will need to save more to ensure that they can enjoy a comfortable retirement. The federal government can also contribute to the nation’s saving by reducing or eliminating its budget deficit. Increased saving by either individuals or the government, of course, means less consumption today. But, by providing more money for investment, additional saving boosts productivity and long-term economic growth…

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Author(s)
Headshot of Andrew D. Eschtruth
Andrew D. Eschtruth
Headshot of Robert K. Triest
Robert K. Triest
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Citation

Eschtruth, and Robert K. Triest. 2005. "National Saving and Social Security Reform" Issue in Brief 18. Chestnut Hill, MA: Center for Retirement Research at Boston College.

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Topics
Social Security
Publication Type
Issue Brief
Publication Number
JTF#18
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