Tag: Social Security reform efforts
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…
Everything the earnest but overburdened citizen needs to know about the Social Security financing shortfall and the leading proposals for addressing the problem. Cheerfully narrated and handsomely designed. PDF of booklet (2014 edition) e-book for online viewing © 2014, by Trustees of Boston College, Center for Retirement Research. All rights reserved. Check out our Social Security…
