FEATURED
Recent rumblings suggest that Congress may soon be ready to tackle Social Security’s long-term financing problems. The Social Security trustees’ recently released 2009 report predicts that the system will begin paying more than it collects in 2016, just seven years from now. Our updated estimates (PDF) show how alternative reforms would affect different groups of older Americans. We also point out what can be learned from past efforts to change Social Security.
High unemployment, stock market losses, and falling housing prices have serious repercussions for older Americans. Seniors have little time to recoup the values of their homes, 401(k) plans, and IRAs. More and more older adults need to work, but rising unemployment limits their prospects. Our latest fact sheets, commentary, and testimony track outcomes and suggest policy solutions.
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