Current Controversies Social Security, (Paperback)

According to the Social Security Trustees, the Social Security Trust Fund will be able to pay full benefits until 2034, and incoming payroll taxes will be sufficient to pay about 79 percent of benefits thereafter. Some are using this gap in long-term funding as a pretext to justify proposals for large cuts in Social Security benefits. The writings in this anthology have been chosen to introduce readers to the driving issues about social security. Disparate opinions social security-related topics are encapsulated into a question-and-response format. Essay topics include whether Social Security is going bankrupt, whether it is similar to a Ponzi scheme, and the role of personal retirement accounts.