Wholesale Reimagining Social Security by Romina Boccia

[Cato Institute] “As America’s Social Security program nears a fiscal tipping point, Reimagining Social Security challenges us to think boldly about the future. Combining expert perspectives, global lessons, and practical solutions, this timely book shows how the US can preserve retirement security while empowering individuals and shielding our grandchildren from rising debt and taxes.” —Olivia S. Mitchell, professor of business economics and policy, the Wharton School of the University of Pennsylvania Social Security is headed for collapse. How can the United States make its retirement system sustainable without crushing the next generation under a mountain of debt or taxes? America’s largest entitlement program turns 90 this year—and it’s on life support. There’s no trust fund, just IOUs from the federal government and trillions in borrowing to keep the program afloat. By 2033—just eight years from now—Social Security will go bust. If nothing changes, benefits will be slashe