Ninety-one years after Social Security became law, the program faces its largest-ever financing shortfall. Today also marks one year after publishing Reimagining Social Security: Global Lessons for Retirement Policy Changes, with many of the trends we warned about having accelerated, making the case for structural reform even stronger. Since its publication in 2025, Reimagining Social Security has become part of the national conversation on Social Security reform, having been featured in the media, cited by policymakers, and discussed at leading academic conferences. Its core messages include:
- The program has drifted away from its original purpose. Social Security has evolved into an increasingly expensive middle-class income replacement program rather than a focused guarantee against poverty in old age.
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