The U.S. Social Security System: What Does Political Sustainability Imply?

1999 ◽  
Vol 2 (3) ◽  
pp. 698-730 ◽  
Author(s):  
Vincenzo Galasso
Keyword(s):  
Social Security ◽  
Social Security System ◽  
Security System ◽  
Political Sustainability ◽  
The U.S

Reforming Social Security Around the World

2017 ◽  
pp. 1-11
Author(s):  
David Besanko ◽  
Saahil Malik
Keyword(s):  
Social Security ◽  
Old Age ◽  
Social Security System ◽  
Security System ◽  
Social Security Administration ◽  
Trust Fund ◽  
Long Run ◽  
The Social ◽  
The World ◽  
The U.S

In May 2009 the Office of the Chief Actuary for the U.S. Social Security Administration projected that by 2016 the Social Security Trust Fund would begin to spend more money than it took in through tax revenue. Further, by 2037 the balance in the Trust Fund would be down to zero, necessitating cuts in benefits to retirees. The U.S. Social Security system thus faced a long-term financial problem that needed to be addressed sooner rather than later. The experience of other countries in reforming their own systems of old-age insurance might provide some guidance for U.S. policymakers as they attempt to deal with the long-run fiscal challenges facing the U.S. Social Security system. This case focuses on reforms of old-age insurance systems in three countries: Australia, Mexico, and Sweden.This case gives students the opportunity to debate the variety of approaches that could be used to reform the U.S. Social Security system. It also gives insight into how countries around the world have structured their old-age insurance systems.

scholarly journals Resuscitating Private Social Security Accounts: Countering Inequality With Panic and Prevarication

2020 ◽  
Vol 30 (1) ◽  
pp. 52-56
Author(s):  
John Miller
Keyword(s):  
Social Security ◽  
Life Insurance ◽  
Real World ◽  
Essential Element ◽  
Well Being ◽  
Social Security System ◽  
Security System ◽  
Retirement Benefits ◽  
Retirement Accounts ◽  
The U.S

This article, originally published in Dollars & Sense: Real World Economics , is being reprinted in New Solutions to bring attention to efforts to privatize, dismantle, and fail to protect and expand the U.S. Social Security system. Social Security is an essential element for protecting the health, safety, and well-being of retired U.S. workers and their family members. This article explains attempts to weaken the system and efforts that can be made to sustain the system. The author asks and responds to the question, “Why then would anyone swap a highly successful Social Security system that provides life insurance as well as disability and retirement benefits for private retirement accounts?”

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