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Future of Social Security - Goals, Outlook, Options (Hardcover)
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Future of Social Security - Goals, Outlook, Options (Hardcover)
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The last decade has presented major challenges for many Americans
economic security. The most severe recession since the 1930s
significantly impacted the national economy and household budgets.
With high unemployment and a slow recovery, many Americans sought
income from various sources, including unemployment and disability
benefits, and some claimed Social Security retirement benefits
earlier than they had planned. Through all of this, Social Security
has remained the bedrock of retirement security, providing benefits
to tens of millions of older Americans, while also providing
benefits to survivors and other dependents, as well as workers with
disabilities and their families. Social Security has helped reduce
poverty among older Americans and people with disabilities; many
beneficiaries rely on Social Security for the majority of their
income. However, demographic shifts associated with the aging baby
boom generation, along with the effects of the 2007 to 2009
recession, have strained Social Securitys finances. This book is
intended to describe, in a concise and easy-to-understand way, the
complexities of Social Security, the challenges the programs face,
and the options available to address these challenges.
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