What research on the Social Security program can influence opinions pro or con about it?

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thanatassa | College Teacher | (Level 3) Educator Emeritus

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As many articles have pointed out, the social security program is in unsustainable financial shape. In part this has been due to other branches of government having raided it in the past, in part due to inflation, and in part to shifting demographics, including lower birthrates and longer lifespans. Also, the global recession has reduced the return on investment possible due to low interest rates. At the same time, many citizens in the US do not have sufficient money to retire without adequate social security. This situation is unsustainable, and some type of social security reform may be inevitable. One issue is that one cannot decrease taxes, sustain military spending and tax breaks for the rich, and at the same time continue to do the morally necessary task of supporting the aging and ill members of society. The limitation on medical care also play into the social security issue, in that in the US the elderly are especially likely to have expensive medical issues that affect their financial condition (in other countries in the rich world medical care is free or affordable)

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