Social Security

Double-Dipping Social Security

The current Social Security system allows individuals to claim reduced, early retirement benefits beginning at age 62.  Individuals who wait until the full retirement age to collect receive about 30 p…

Social Security and Medicare Projections: 2008

The 2008 Social Security and Medicare Trustees Reports show the combined unfunded liability of these two programs has reached $101.7 trillion in today's dollars! That is more than seven times the size…

Giving No Credit Where It Is Due: Social Security Disability

The disability insurance component of the U.S. Social Security system is funded by a 1.8 percent payroll tax. It pays benefits to disabled adults who have earned a required number of credits based on…

Integrated Disability and Retirement Systems in Chile

People are living longer and healthier lives, yet disability benefits are the fastest growing portion of social security expenditures in the United States and many other countries.  What can be done t…

How Much Do Americans Depend on Social Security?

Social Security benefits over the next 75 years will exceed payroll tax revenues by $4.6 trillion. To close this enormous fiscal gap, one proposal is to cut the benefits of high-income workers. Many l…

The 2007 Trustees Report

The Current State of Social Security and Medicare

Work and Retirement

Over the next three decades, the number of retirees will double. However, due to declining fertility rates, the number of workers contributing to the system will fall from three for each retiree recei…

How Generous Are Social Security and Medicare?

Without changes, Social Security and Medicare will grow relative to the earnings and compensation of the workers who fund the programs. Further, the rate at which these entitlement benefits replace pr…