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Basic Facts on Social Security and Proposed Benefit Cuts/Privatization

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Publication Date: March 2005

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker; David Rosnick

Topic: Labor (Labor conditions, wages, salaries, and benefits)

Keywords: Privatized systems; Retirement benefits; Life expectancy

Type: Report

Coverage: United States

Abstract:

This report gives a background to the debate on privatizing Social Security. It debunks the myth that a crisis is looming, and explains that with no changes whatsoever, benefits can continue well into the future.