Social Security's 70th Anniversary: Surviving 20 Years of Reform

L. Randall Wray

Economics Policy Note Archive from Levy Economics Institute

Abstract: Social Security turned 70 on August 14, although no national celebration marked the occasion. Rather, our top policymakers in Washington continue to suggest that the system is "unsustainable." While our nation's most successful social program, and among its longest lived, has allowed generations of Americans to live with dignity in retirement, many think it is time to retire Social Security itself. They claim it is necessary to shift more responsibility to individuals and to scale back the promises made to the coming waves of retiring baby boomers.

Date: 2005-09
New Economics Papers: this item is included in nep-his, nep-pke and nep-pub
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