Description

Book Synopsis
Social security is the nation''s largest domestic program. It provides income support to 49 million beneficiaries, including retired workers, disabled workers, and their dependants and survivors. This book looks at long-term projections for social security, which differ slightly from the earlier results because of newly available data, updated assumptions and improved modelling. The magnitude of the financial challenge facing Social Security is also discussed and why acting sooner and spreading the burden of reform across more generations is fairer to future generations. Additionally, the possible role that progressive reductions in scheduled benefits would play in Social Security reform is explored. While there is considerable disagreement about the precise nature and timing of the reforms that will ultimately make Social Security solvent, there is broad agreement that progressive benefit adjustments will be a key component of those reforms.

Social Security Reform

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    A Hardback by Aaron P Nazario

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      Book details

      Published 24 May 2010
      ISBN-13 9781606922750
      978-1606922750
      ISBN-10 1606922750

      Description

      Book Synopsis
      Social security is the nation''s largest domestic program. It provides income support to 49 million beneficiaries, including retired workers, disabled workers, and their dependants and survivors. This book looks at long-term projections for social security, which differ slightly from the earlier results because of newly available data, updated assumptions and improved modelling. The magnitude of the financial challenge facing Social Security is also discussed and why acting sooner and spreading the burden of reform across more generations is fairer to future generations. Additionally, the possible role that progressive reductions in scheduled benefits would play in Social Security reform is explored. While there is considerable disagreement about the precise nature and timing of the reforms that will ultimately make Social Security solvent, there is broad agreement that progressive benefit adjustments will be a key component of those reforms.

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