The Bottom Line

Social Security is not sustainable without reform. Simply put, it cannot pay promised future benefits with current levels of taxation. Yet raising taxes or cutting benefits will only make a bad deal worse. However, allowing younger workers to privately invest their Social Security taxes through individual accounts will improve Social Security’s rate of return; provide better retirement benefits; treat women, minorities, and low-income workers more fairly; and give workers real ownership and control of their retirement funds.

Cato Studies

Commentary

SSDI: Time for Reform

Evidence from the last several recession episodes shows that such enrollment surges were not reversed during the last three recessions once the economy recovered and unemployment abated.

Of Special Note

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32nd Annual Monetary Conference

32nd Annual Monetary Conference
Alternatives to Central Banking: Toward Free-Market Money

Thursday, November 6, 2014
9:00 a.m. — 6:15 p.m.

When the Federal Reserve was created in 1913, its powers were limited and the U.S. was on the gold standard. Today the Fed has virtually unlimited power and the dollar has no backing. Leading scholars and advocates for fundamental monetary reform will discuss the case for sound money and the reforms needed to realize it.

Details and registration