Download or read book Investing Social Security Funds in the Stock Market written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the time being, Social Security receipts are more than enough to fund current benefits. But beginning in 2017, under current law, benefits are projected to exceed Social Security receipts. At that point, if not before, either benefits will have to be cut, taxes will have to be raised, or the shortfall will have to be made up either by tapping non-Social Security revenues, which would reduce the unified federal budget surplus, or by an increase in federal borrowing. Any current proposal to extend the financial life of Social Security is likely to include increases in taxes, cuts in benefits, or both. In addition to those possibilities, is the notion of allowing beneficiaries to contribute some of their Social Security payments directly into personal accounts. Because equity has historically yielded a higher rate of return than have Treasury securities, it is argued that allowing individuals to invest some of their contributions in the stock market would offset at least some of the effects of either tax increases or benefit cuts in any package of reforms. Between 1926 and 2003, the average annual total rate of return on large corporate stocks was 7.2%, after adjusting for inflation. That was 4.9 percentage points higher than the average real return of 2.3% on long-term government bonds over the same period. But there is substantial variation in rates of return, which diminishes as the holding period grows longer. Even with relatively long holding periods there are still instances of below-zero rates of return. The longest holding period with a below-zero return for stocks was 18 years and 11 months. Although, longer holding periods have historically reduced the volatility of stock returns that does not necessarily mean that the risk associated with holding stocks falls as holding periods lengthen. A recent subject of speculation has been the risk that the retirement of the babyboom generation will coincide with a substantial sell-off of assets. Sometimes referred to as the "asset market meltdown hypothesis," the concern is that as increasing numbers of retirees sell the assets they have accumulated over their working lives in order to continue the lifestyles to which they have become accustomed, asset prices will decline. Theory alone seems insufficient to predict what might happen to asset prices when the baby boom generation begins to retire. There are reasons to believe that they will sell some of their assets, but there are also reasons to believe that those sales will not be so large as to disrupt financial markets or cause a precipitous drop in the prices of assets traded in those markets. This report will not be updated.

Download or read book Social Security and the Stock Market written by Alicia Haydock Munnell and published by W.E. Upjohn Institute. This book was released on 2006 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to explore the use of equities to help solve the Social Securityfinancing problem.

Download or read book Social Security and the Golden Age written by George Stanley McGovern and published by Fulcrum Publishing. This book was released on 2005 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: An American legend looks at Social Security and the promise of our oldest citizens.

Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest

Download or read book The Stock Market and Social Security the Risks and the Rewards written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 1998 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Funding Social Security written by Laurence S. Seidman and published by Cambridge University Press. This book was released on 1999-04-13 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a serious consideration of the worldwide debate on social security reform.

Download or read book Social Security financing implications of government stock investing for the trust fund the federal budget and the economy report to the Special Committee on Aging U S Senate written by and published by DIANE Publishing. This book was released on with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Understanding SSI Supplemental Security Income written by and published by DIANE Publishing. This book was released on 1998-03 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication informs advocates & others in interested agencies & organizations about supplemental security income (SSI) eligibility requirements & processes. It will assist you in helping people apply for, establish eligibility for, & continue to receive SSI benefits for as long as they remain eligible. This publication can also be used as a training manual & as a reference tool. Discusses those who are blind or disabled, living arrangements, overpayments, the appeals process, application process, eligibility requirements, SSI resources, documents you will need when you apply, work incentives, & much more.

Download or read book Expand Social Security Now written by Steven Hill and published by Beacon Press. This book was released on 2016-05-10 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why Social Security is not only sustainable but should be substantially expanded Social Security is bankrupting us. It’s outdated. It’s a Ponzi scheme. It’s stealing from young people. These are some of the biggest myths and lies about one of the most successful programs in our nation’s history. Three-quarters of Americans depend heavily on Social Security in their elderly years and nearly half would be living in poverty without it. But as important and popular as it is, Social Security has become a political football. A well-financed campaign—supported by conservatives, special interest groups, and even leading Democrats—has lobbied for cuts and significant “entitlement reform,” falsely proclaiming that Social Security is going broke. Policy expert Steven Hill argues that Social Security should not only be defended, it should be substantially expanded. Here he proposes how we can double the monthly benefit and how to pay for it by closing many of the tax loopholes and deductions that disproportionately favor the wealthy few.

Download or read book Social Protection and the Market in Latin America written by Sarah M. Brooks and published by Cambridge University Press. This book was released on 2008-11-03 with total page 379 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social security institutions have been among the most stable post-war social programs around the world. Increasingly, however, these institutions have undergone profound transformation from public risk-pooling systems to individual market-based designs. Why has this 'privatization' occurred? Why do some governments enact more radical pension privatizations than others? This book provides a theoretical and empirical account of when and to what degree governments privatize national old-age pension systems. Quantitative cross-national analysis simulates the degree of pension privatization around the world and tests competing hypotheses to explain reform outcomes. In addition, comparative analysis of pension reforms in Argentina, Brazil, Mexico and Uruguay evaluate a causal theory of institutional change. The central argument is that pension privatization emerges from political conflict, rather than from exogenous pressures. The argument is developed around three dimensions: the double bind of globalization, contingent path-dependent processes, and the legislative politics of loss imposition.

Download or read book Social Security 101 2nd Edition written by Michele Cagan and published by Simon and Schuster. This book was released on 2024-10-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn the ins and outs of the social security system in this accessible, easy-to-navigate guide with refreshed, updated information in Social Security 101, 2nd Edition. Too often, writing about social security turns the noteworthy details of the benefits into boring details about regulations or biased political arguments that would put even a diehard bureaucrat to sleep. Social Security 101, 2nd Edition, cuts out the tedious explanations and instead provides a hands-on lesson that keeps you engaged as you learn all you need to know about the federal program that’s been around since the Great Depression. From the history of social security to its likely role in the future, this primer is packed with hundreds of entertaining tidbits and concepts that will keep you on track as you learn how to maximize your benefits. Whether you want to learn about calculating your retirement age or estimating your projected payments, Social Security 101 has all the answers—even the ones you didn’t know you were looking for.

Download or read book Public Finance and Public Policy written by Jonathan Gruber and published by Macmillan. This book was released on 2005 with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapters include: "Income distribution and welfare programs", "State and local government expenditures" and "Health economics and private health insurance".

Download or read book The Charles Schwab Guide to Finances After Fifty written by Carrie Schwab-Pomerantz and published by Crown Currency. This book was released on 2014-04-01 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.

Download or read book Social Security Financing written by United States. General Accounting Office and published by . This book was released on 1998 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Pension Puzzles written by Melissa Hardy and published by Russell Sage Foundation. This book was released on 2007-07-19 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rancorous debate over the future of Social Security reached a fever pitch in 2005 when President Bush unsuccessfully proposed a plan for private retirement accounts. Although efforts to reform Social Security seem to have reached an impasse, the long-term problem—the projected Social Security deficit—remains. In Pension Puzzles, sociologists Melissa Hardy and Lawrence Hazelrigg explain for a general audience the fiscal challenges facing Social Security and explore the larger political context of the Social Security debate. Pension Puzzles cuts through the sloganeering of politicians in both parties, presenting Social Security's technical problems evenhandedly and showing how the Social Security debate is one piece of a larger political struggle. Hardy and Hazelrigg strip away the ideological baggage to explicate the basic terms and concepts needed to understand the predicament of Social Security. They compare the cases for privatizing Social Security and for preserving the program in its current form with adjustments to taxes and benefits, and they examine the different economic projections assumed by proponents of each approach. In pursuit of its privatization agenda, Hardy and Hazelrigg argue, the Bush administration has misled the public on an issue that was already widely misunderstood. The authors show how privatization proponents have relied on dubious assumptions about future rates of return to stock market investments and about the average citizen's ability to make informed investment decisions. In addition, the administration has painted the real but manageable shortfalls in Social Security revenue as a fiscal crisis. Projections of Social Security revenues and benefits by the Social Security Administration have treated revenues as fixed, when in fact they are determined by choices made by Congress. Ultimately, as Hardy and Hazelrigg point out, the clash over Social Security is about more than technical fiscal issues: it is part of the larger culture wars and the ideological struggle over what kind of social responsibilities and rights American citizens should have. This rancorous partisan wrangling, the alarmist talk about a "crisis" in Social Security, and the outright deception employed in this debate have all undermined the trust between citizens and government that is needed to restore the solvency of Social Security for future generations of retirees. Drawing together economic analyses, public opinion data, and historical narratives, Pension Puzzles is a lucid and engaging guide to the major proposals for Social Security reform. It is also an insightful exploration of what that debate reveals about American political culture in the twenty-first century. A Volume in the American Sociological Association's Rose Series in Sociology

Download or read book Social Security and Its Discontents written by Michael Tanner and published by Cato Institute. This book was released on 2004 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tanner (Cato Project on Social Security Choice) brings together work by leaders in Social Security reform, examining problems of the current system and offering proposals for reform. Contributors in economics, law, and philosophy, many affiliated with the Cato Institute, examine aspects of the problem related to issues such as property rights, the impact of Social Security reform on low-income workers, and how stock market declines affect the reform debate. They advocate allowing younger workers to privately invest their Social Security taxes through individual accounts.

Download or read book Social Security written by Dean Baker and published by University of Chicago Press. This book was released on 1999 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: An argument is made that social security is under threat from its implied "rescuers" due to a national frenzy and economically-motivated political manipulation.