Testimony Reforming Social Security
Testimony for the President's Commission to Strengthen Social Security
Rudolph G. Penner
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Because of the demographic pressures described so well in the first report of this commission, the Golden Era of our traditional pay-as-you-go Social Security System is over. The ratio of benefits to taxes paid over a lifetime must fall dramatically over coming decades if the system is not reformed significantly.
Research Areas Aging and retirement
Tags Social Security