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Overhauling Social Security

Author: Sarah Glazer
Publisher: Washington, D.C. : CQ Press, 1995.
Series: CQ researcher, v. 5, no. 18.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Social Security faces tough times. When millions of baby boomers begin retiring in 2010, they will be entitled to more benefits than the program can afford. To cover the expected shortfall, younger workers face steep hikes in payroll taxes. But some experts and young activists are calling for fundamental changes in Social Security - even letting workers invest their payroll taxes in higher-yielding private  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Sarah Glazer
OCLC Number: 62391864
Notes: Title from caption (viewed Nov. 30, 2005).
"May 12, 1995."
Details: Mode of access: World Wide Web.
Series Title: CQ researcher, v. 5, no. 18.
Other Titles: Are radical changes needed to save the system?
Responsibility: by Sarah Glazer.

Abstract:

Social Security faces tough times. When millions of baby boomers begin retiring in 2010, they will be entitled to more benefits than the program can afford. To cover the expected shortfall, younger workers face steep hikes in payroll taxes. But some experts and young activists are calling for fundamental changes in Social Security - even letting workers invest their payroll taxes in higher-yielding private retirement accounts to fatten their retirement nest eggs. Congress is unlikely to act soon. Senior citizens, who have been vocal opponents of tampering with Social Security, remain a more powerful voting block than the increasingly skeptical young members of Generation X. Nevertheless, with the specter of generational warfare looming, some champions of the program are expressing a new openness to change.

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