Social Security, instituted in 1935, has provided tens of millions of Americans with income for retirement. Currently, more money is collected in Social Security taxes from workers than is paid out to retirees. But that ratio is reversing as “baby boomers” start to retire and the workforce shrinks due to the recession. Options to close the gap include more borrowing, higher taxes or reduced benefits.
India's Finance Minister Arun Jaitley (C) poses as he leaves his office to present the 2015/16 federal budget in New Delhi (REUTERS/Vijay Mathur).
A review of the 2015-2016 Indian budget
March 4, 2015
In a Brookings online discussion, panelists discuss the significance, key takeaways, the hits, and misses of the first full year budget released by Prime Minister Narendra Modi's government.
Retirement, Saving and Pensions
U.S. Economic Performance
U.S. Budget Deficit
The Federal Budget
Article | The American Prospect/Democratic Strategist
January 24, 2014, William A. Galston
Article | Orange County Register
September 25, 2013, Henry J. Aaron
Paper | 14th Annual Joint Conference of the Retirement Research Consortium
August 3, 2012, Barry P. Bosworth and Gary Burtless
January 19, 2012, Ron Haskins
Article | National Tax Journal
June 2011, Henry J. Aaron
Paper | Center for Retirement Research at Boston College
December 2010, Barry P. Bosworth and Gary Burtless
December 7, 2010, Gary Burtless and Audrey Singer
Paper | The Hamilton Project and the Center for American Progress
December 2010, David H. Autor and Mark Duggan
June 2009, The Fiscal Seminar Group
Article | The Fiscal High Road
January 29, 2009, Henry J. Aaron
View All Research on Social Security ›Show 10 More
You have not selected any newsletters.
Henry J. Aaron
Senior Fellow, Economic Studies
The Bruce and Virginia MacLaury Chair
Isabel V. Sawhill
Co-Director, Center on Children and Families, Budgeting for National Priorities
The John C. and Nancy D. Whitehead Chair
View All Experts on Social Security »
The Brookings Institution is a private nonprofit organization devoted to independent research and innovative policy solutions. For nearly 100 years, Brookings has analyzed current and emerging issues and produced new ideas that matter—for the nation and the world.
1775 Massachusetts Ave, NW,
Washington, DC 20036
© 2015 The Brookings Institution