Getting Social Security on a more stable path is hard but essential – 2 experts suggest a way forward
- Written by Andrew Rettenmaier, Executive Associate Director of the Private Enterprise Research Center, Texas A&M University
No big Social Security reforms have taken effect since the Reagan administration.David Hume Kennerly/Getty ImagesSocial Security is in trouble.
The retirement and disability program has been running a cash-flow deficit since 2010. Its trust fund, which holds US$2.7 trillion, is rapidly diminishing. Social Security’s trustees, a group that...