Social Security--A Labor Force Issue

Testimony

Social Security--A Labor Force Issue

Statement before the Subcommittee on Social Security, Committee on Ways and Means, United States House of Representatives
June 14, 2005

Abstract

Since Social Security was first enacted, vast changes have occurred in the economy, life expectancy, health care, the physical demands of jobs, labor force participation, and even the definition of elderly. As it stands now, the Social Security system is a middle age retirement system that serves the truly old and vulnerable less and less each year. This testimony focuses on how to reorient benefits can to the old by raising the retirement age, encouraging longer labor force participation, and addressing the inequities and inefficiencies in the present system.

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