Securing Social Security: Sensitivity To Economic Assumptions And Analysis Of Policy Options
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Overview: This research paper by Tufts University describes Social Security program which needs to be adjusted to reflect modern realities, just as it has been many times since its inception 70 years ago. For example, the Social Security tax rate has been increased twenty times since 1950, including five times in the 1980s. Does the Social Security system need to be totally overhauled? Researchers believe that the system is not in crisis and cannot go bankrupt as long as revenues continue to be collected.