Tag: how to fix social security
The brief’s key findings are: As policymakers consider restoring balance to Social Security, understanding the reason for the shortfall is important. Specifically, the program’s “pay-as-you-go” approach, which dates back to the late 1930s, makes it expensive relative to a funded system. Paying full benefits to Depression-era workers meant forgoing the opportunity to accumulate more revenu…
The brief’s key findings are: One option for helping address Social Security’s long-term financial health is to shift a portion of its trust fund reserves into equities. Of course, equities would expose the program to greater financial risk. However, in terms of financial risk, both retrospective and prospective analyses suggest that equities would improve Socia…