Social Security Archive
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Social Security and Inheritance
May 3, 2006
Executive Summary: Inheritance is one of the least understood issues in the Social Security debate. Supporters of private accounts often cite the ability to pass an account on to one’s heirs as an especially attractive feature of private accounts, one that the traditional Social Security system cannot match. For … -
Statement of Robert Greenstein, Regarding The Social Security and Medicare Trustees’ Report
May 1, 2006
Today’s report is another reminder of the serious long-term fiscal challenges the nation faces. Overall federal budget deficits will swell as the baby boom generation retires, medical costs continue their rapid ascent, and the growth of the U.S. workforce slows as a result of the aging … -
What the 2006 Trustees' Report Shows about Social Security
May 1, 2006
On May 1, the Social Security Board of Trustees released the 66th annual report on the program’s financial and actuarial status. The report projects that Social Security’s trust fund reserves will be exhausted in 2040, one year earlier than last year’s projection. After that year, Social Security will be able to pay 74 percent of scheduled benefits, rather than full benefits. … -
Will The Administration Claim the Cost of Fixing Social Security Rose $700 Billion Because Congress Did Not Act Last Year?
Revised May 1, 2006
President Bush and other Administration officials often claim that delaying action on Social Security by “...just one year adds $600 billion [or $700 billion] to the cost of fixing Social Security.”[1] Such claims may be repeated on May 1 when the Social Security Trustees release their annual report on the program’s finances. Such claims, however, are not accurate. The figures used in … -
Reforming Social Security Sooner Rather Than Later
April 28, 2006
A common refrain is that it is better to act sooner rather than later on Social Security reform. President Bush, for example, argues “Putting off real reform makes fixing the system harder and more expensive.”[1] As a general principle, the common refrain is right. Acting sooner rather than later allows … -
Social Security Administration Proposal To Revise Disability Determinations Is Not Justified
April 18, 2006
The Social Security Administration (SSA) is proposing to change how it evaluates age as a factor in establishing eligibility for disability benefits. Under the change, SSA would raise by two years the ages at which key rules used to determine eligibility for Social Security disability insurance (SSDI) or Supplemental Security … -
African Americans and Social Security: The Implications of Reform Proposals
January 18, 2006
Social Security is a critical program for African Americans. Some 4.8 million African Americans currently receive Social Security benefits, and African Americans benefit disproportionately from many of Social Security’s features, including a progressive benefit structure and survivors and disability benefits. Proposals … -
Press Release: Social Security Is a Good Deal for African Americans, Report Finds: Privatization Carries Special Risks for African Americans
January 18, 2006
African Americans receive modestly more in Social Security benefits for each dollar they pay in payroll taxes than whites do, explains a new report from the Washington, D.C.-based Center on Budget and Policy Priorities. The report is based on a wide range of studies conducted by government … -
Social Security Is a Good Deal for African Americans, Report Finds: Privatization Carries Special Risks for African Americans
January 18, 2006
Social Security is a critical program for African Americans. Nearly five million African Americans receive Social Security benefits; roughly half of them are retired workers, and the other half are either disabled workers or the spouses or children of disabled, retired, or deceased workers. African Americans benefit disproportionately from several features of the …
