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David Schepp explores career issues and the lives of working people

Research rebuts fears of Social Security shortfall

August
12

Advocates of dismantling Social Security in favor of a privatized retirement plan argue that shortfalls will leave today’s young workers without a safety net when they are set to retire.

New analysis from a researcher at the Economic Policy Institute, a nonpartisan Washington think tank, shows that such fears are unfounded, however.

Analysis of the Congressional Budget Offices’s 2006 Social Security projections shows that not only will Social Security still be there when today’s 20-somethings turn 65, the real-dollar value of its benefits will be even greater than today.

Read a brief about the issue here.

This entry was posted on Tuesday, August 12th, 2008 at 4:38 pm by David Schepp.
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About this blog
From beheading halibut at a cannery in Homer, Alaska, to waiting on tables at tony resorts in Colorado, California and on Martha's Vineyard, David Schepp has had a lifetime's worth of jobs and experiences. Every workplace has it challenges and the choices people make in dealing with those difficulties can make or break a career. As a companion to Schepp's regular People@Work column, which explores workplace issues and the people they affect, this blog looks at trends among employers, employees and entrepreneurs and subjects related to our working lives here in the Lower Hudson Valley. Check out the latest topics he's exploring, and share your own experiences and insights.

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About the author
David ScheppDavid Schepp David Schepp has been reporting business news since 1995. Schepp joined The Journal News in 2003. He has worked for Knight-Ridder Financial News, Dow Jones Newswires and BBC News Online, where he specialized in economic reporting. A resident of Dutchess County, Schepp holds a bachelor's degree in journalism from Metropolitan State College of Denver. READ MORE
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