Many of us suspect that Social Security faces eventual bankruptcy. But the government projects its future finances using long outdated methods. Employing a more up-to-date approach, this book argues that the program faces insolvency far sooner than previously thought. To assess Social Security's fate more accurately under current and alternative policies, the book constructs a detailed simulation of the forces shaping American demographics and the economy to project their future evolution. It then uses this simulation to analyze six prominent Social Security reform packages—two liberal, two ce ... More
Keywords: Social Security, bankruptcy, reform, financial health, population groups, government
| Print publication date: 2010 | Print ISBN-13: 9780226300337 |
| Published to Chicago Scholarship Online: February 2013 | DOI:10.7208/chicago/9780226300368.001.0001 |
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