Why we can afford Social Security

Article Abstract:

Social Security program's long-term financial conditions could be restored through minor or major adjustments although minor adjustments are preferred. A proposed plan to restore 75 year actuarial balance of the program demonstrates that the program could be restored without assuming the availability of funds from the rest of the budget that might not be there leaving future benefits at risk.

Author: Diamond, Peter A., Orszag, Peter R.

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Insuring health and income needs of future generations

Article Abstract:

Social Security, a government backed insurance program solves economic problems like income needed for a surviving minor child and lifelong income for an individual who becomes disabled. Social Security income is vital considering an analysis of the program that revealed that 43% of older adults in California and 60% of older women would be poor without Social Security income.

Author: Yee, Donna
Retirement income

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How Social Security works

Article Abstract:

An insight into the Social Security Program is presented with emphasis on its functioning. Social Security is an intergenerational social insurance program whereby workers pay in while they are employed, and employers pay an equivalent contribution.

Author: Reno, Virginia P.
Public Finance Activities, FICA Taxes, Analysis, Social security taxes

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Subjects list: Economic aspects, California, Social security, Social security reform, Social security investment accounts
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