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- W2942021964 abstract "Social Security is among the nation’s most popular and successful programs, as discussed in Chapter 8, providing crucial income every year for tens of millions of retirees, surviving spouses, dependents, and the disabled. But the program is financially unsustainable. The taxes that today’s workers pay go mainly to cover the benefits of today’s retirees. As a result, the coming rise in the number of retirees relative to workers will leave the program with too little revenue to pay all the benefits workers have earned starting in about 2034. Policymakers should enact a 2016 plan proposed by a Bipartisan Policy Center commission. It would bring Social Security into long-run fiscal balance by raising taxes and cutting benefits in a progressive manner, protecting the poor, raising the retirement age, encouraging people to work longer, and fixing the way Social Security calculates inflation." @default.
- W2942021964 created "2019-05-03" @default.
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- W2942021964 date "2019-04-17" @default.
- W2942021964 modified "2023-09-27" @default.
- W2942021964 title "Saving Social Security" @default.
- W2942021964 doi "https://doi.org/10.1093/oso/9780190645410.003.0009" @default.
- W2942021964 hasPublicationYear "2019" @default.
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