Overhauling Social Security

May 12, 1995 • Volume 5, Issue 18
Are radical changes needed to save the system?
By Sarah Glazer


Social Security faces tough times. When millions of baby boomers begin retiring in 2010, they will be entitled to more benefits than the program can afford. To cover the expected shortfall, younger workers face steep hikes in payroll taxes. But some experts and young activists are calling for fundamental changes in Social Security - even letting workers invest their payroll taxes in higher-yielding private retirement accounts to fatten their retirement nest eggs. Congress is unlikely to act soon. Senior citizens, who have been vocal opponents of tampering with Social Security, remain a more powerful voting block than the increasingly skeptical young members of Generation X. Nevertheless, with the specter of generational warfare looming, some champions of the program are expressing a new openness to change.

ISSUE TRACKER for Related Reports
Social Security
Sep. 10, 2021  Social Security
Jun. 03, 2016  Social Security
Sep. 24, 2004  Social Security Reform
Oct. 02, 1998  Saving Social Security
May 12, 1995  Overhauling Social Security
Apr. 05, 1991  Social Security: The Search for Fairness
Dec. 17, 1982  Social Security Options
Jun. 29, 1979  Social Security Reassessment
Dec. 27, 1974  Retirement Security
Sep. 20, 1972  Social Security Financing
Dec. 14, 1966  Social Security Improvements
Mar. 28, 1956  Social Security for the Disabled
Mar. 26, 1953  Social Security Expansion
Aug. 17, 1951  Relief Rolls in Prosperity
Dec. 24, 1949  Pensions for All
Aug. 12, 1948  Security for the Aged
Apr. 11, 1946  Social Insurance
Mar. 02, 1944  Social Security
Dec. 02, 1939  Liberalization of the Social Security System
Oct. 01, 1938  Agitation for Pension and Scrip Schemes
Jul. 26, 1938  Revision of the Social Security Act
Oct. 02, 1936  The Social Security Controversy
Nov. 12, 1934  Federal Assistance to the Aged
Aug. 23, 1930  Public Old-Age Pensions
Retirement, Pensions, and Social Security
Social Security