Under pay-as-you-go social security systems, most developed countries have made
promises they can't keep. The systems in their current forms are not financially sustainable …

The Social Security system has two distinct goals: first, to provide insurance provisions such
as disability benefits and survivor benef its for children and widow (er) s and, second, to …

[Excerpt] Social Security has significantly reduced elderly poverty. The elderly poverty rate
has fallen from 35% in 1959 to an all-time low of 9% in 2006, in large part because of Social …

For the past several years there has been a growing consensus about the need to reform
Social Security. Now, however, the debate has advanced to the point where it becomes …

Social Security pays monthly benefits to retired and disabled workers, to their families, and
to the families of deceased workers. Benefits and the administrative costs of the program are …

In this brief, we compare the impact on Social Security finances of two ways of indexing
retirement ages, using data generated by the Social Security actuaries (box 1). Measuring at …

Social Security currently lacks the financing to pay for benefits already promised and the
Congressional Budget Office projects that insolvency will occur in 2031. While many …

"" Short of war, no issue government can affect will touch the lives of more Americans than
reforming Social Security," writes Dokken." It is the single most important personal finance …

The impetus for Social Security reform in the United States has been gathering momentum
over the past several years, fueled primarily by the projected long-term actuarial imbalance …