Rebuilding Social Security, Part 2: Toward Lasting Reform

Publication Date: April 1984

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Peter J. Ferrara

Research Area: Banking and finance

Keywords: Social security

Type: Report

Abstract:

The most promising reform would allow workers gradually to substitute Super IRAs for Social Security. This would take nothing away from workers or retirees--it would merely allow workers greater freedom to choose how to provide for their retirement and income security. It is a reform of benefit to old and young, rich and poor, and both black and white Americans. Yet it would solve the enormous problems currently plaguing Social Security.