Tag: Social Security’s Missing Trust Fund
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…
In early December, President Trump discussed developing a national retirement savings system like Australia’s superannuation program. Australia certainly has an enviable retirement system. In fact, the latest Mercer CFA Institute Global Pension Index awards the Australian system a B+, while the U.S. system gets only a C+…
