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.
John Betar, 102, and his wife Ann, 98, are seen at their home in Fairfield, Connecticut (REUTERS/Michelle McLoughlin).
An Old Story About the War On Poverty
February 12, 2014, Ron Haskins
Ron Haskins discusses the positive impacts that the War on Poverty—specifically Social Security, Medicare and Medicaid—has had on the health, life expectancy and poverty rates of the elderly.
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
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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 »
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