U.S. Social Security: A Reference Handbook (Contemporary World Issues)

Description

This handbook is a one-stop forum for nonpartisan discussion of the major proposals for addressing Social Security's coming financial crisis. The 70-year-old Social Security program has been widely successful - so much so that the average American is now supported by Social Security for 20 years. But that widespread success also has a dark side: It means that program failure would be devastating. Social Security faces grave funding problems and significant changes are likely. Are we ready for some hard choices?This timely volume details the history and development of the American system of Social Security and examines the serious problems it faces. It covers the "prehistory" of Social Security dating back to the 19th century and projects the program's likely future over the next several generations.Thematically, the book chronicles the origination of the initial Social Security Act of 1935, each major reform to the act through today, the nature and magnitude of the current difficulty facing Social Security, and each major remedy that has been proposed. It also examines programs in other nations and how they have successfully addressed similar problems. This handbook is essential reading for anyone trying to understand how this vital program evolved and where it could be going.This series features an exhaustive introductory essay and a chronology of key events, movements, and legislation. The title features charts and graphs, including a graphic display of the likely future of the Social Security Trust Fund, a sketch of a financial portrait of Social Security, and the impact of potential reforms. It includes a list of key terms, such as "pay-as-you-go" and "means testing," making the language of Social Security reform accessible to every reader.This work: contrasts the arguments of supporters for each major reform with the criticisms of opponents, without endorsing or condemning any of them and combines a study of the people who made (and changed) Social Security in the past, with a guide to the people and institutions who are making (and changing) it today.

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