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Social Security Update: A Look at the Trustees Report and a Plan for the Future

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Publication Date: April 2005

Publisher(s): Economic Opportunity Institute

Author(s): Marilyn P. Watkins

Topic: Banking and finance (Personal finance and saving)
Population and demographics (Older people)

Keywords: Social Security; Individual investment; Retirement

Type: Report

Coverage: Washington

Abstract:

Examines the consequences of privatizing Social Security for today's seniors and future generations, illustrating how private accounts will cripple the foundation of economic security for seniors and families who have experienced tragedy, while costing American taxpayers trillions of dollars. Outlines a plan to focus efforts on strengthening the American economy and increasing the productivity of the future workforce to ensure the program's solvency, rather than dismantling a successful program.