Social Security

African Americans Benefit Most from Personal Retirement Accounts

All Americans would benefit from Social Security reform, but African Americans would benefit the most. African Americans rely more heavily than other demographic groups on Social Security for a secure…

The Economic Cost of the Social Security Payroll Tax

The payroll tax that funds Social Security, Medicare and Disability Insurance, called FICA, is already the largest tax most American families pay. In the future, it will claim an even greater share of…

Analyzing the 2002 Social Security Trustees Report

Is Social Security in financial trouble? If you believe a press release issued by the Trustees of the Social Security and Medicare Trust Funds, the answer is no. If you go to the fine print of their a…

Social Security Reform: The NCPA's 'Hybrid' Plan

President Bush's Commission to Strengthen Social Security moved the Social Security reform discussion forward. However, despite the commission's hard work, its findings are not the final word in the d…

Two Cheers for the Commission to Strengthen Social Security

President Bush created the Commission to Strengthen Social Security in May 2001 to develop a plan to reform the nation's retirement system. The commission's final report to the White House includes th…

Is the Stock Market Too Risky for Retirement?

Now that President Bush's Commission to Strengthen Social Security is preparing its report for release later this year, the debate on the wisdom of investing in the stock market is again at center sta…

Government Spending on the Elderly: Social Security and Medicare

Social Security and Medicare will begin paying out more in benefits than they collect in payroll tax revenues. As a result, taxes will have to rise.

Is War Between Generations Inevitable?

In less than a decade, members of the baby boom generation will begin reaching their retirement years. At that time, 77 million people will begin to leave the labor market. They will cease to be taxpa…