social security

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Written by:

Betsy S


Date added:

January 29, 2015








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By then, however, the revenues earmarked for Social Security spending will be sufficient to pay only three-quarters of the programs expected costs. That projected shortfall ? together with pressure on the federal budget from increased spending on health programs for the elderly ? could ultimately result in budget deficits that could threaten the nation's economic prosperity...
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One approach that is often advocated for addressing the Social Security shortfall is "raising the retirement age." That phrase can have two different meanings. It is often used to describe a policy that would raise the age at which workers become eligible for full retirement benefits, the "normal retirement age...
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