The Public Interest

Fixing Social Security

Timothy Taylor

Spring 1999

JUST the right mix of piecemeal reforms could enable Social Security to teeter along the edge of financial catastrophe all through the next century without ever quite going broke. Every two or three decades, Congress would need to cobble together a rescue package out of such elements as a later retirement age, lower benefits, a higher payroll tax, and investing some of tile Social Security trust fund in the stock market for a higher average return over time.

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