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Journal of Economic Perspectives: Vol. 19 No. 2 (Spring 2005)

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Saving Social Security

Article Citation

Diamond, Peter A., and Peter R. Orszag. 2005. "Saving Social Security." Journal of Economic Perspectives, 19(2): 11-32.

DOI: 10.1257/0895330054048722

Abstract

Social Security is one of America's most successful government programs. It has helped millions of Americans avoid poverty in old age. To be sure, the program faces a long-term deficit and is in need of updating. But Social Security's long-term financial health can be restored: the projected deficit is small enough that it can be eliminated through a progressive reform that combines modest benefit reductions and revenue increases.

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Authors

Diamond, Peter A.
Orszag, Peter R.

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