Concern over Social Security's forecasted long-run deficit is occurring at a time when the program has a short-term surplus. One proposed strategy to address this forecasted deficit is to allow the investment of a portion of payroll taxes into private savings accounts (PSAs). The author analyzes recent proposals for PSAs and concludes that PSAs…

Decades of conservative attempts to scale back Social Security and Medicare, by limiting the program's universality through means testing and drastic benefit cuts, have failed. Thus, after numerous unsuccessful attempts at dismantling the U.S.'s universal old-age welfare state, or even meaningfully restraining its growth, conservative critics have…

Purpose: The potential effects of implementing three different minimum benefits in Social Security, which have accompanied proposals to privatize the program and reform family benefits, are examined in relation to the adequacy of benefits for women reaching age 62 between 2020 and 2030. Design and Methods: The 1992 Health and Retirement Study is…