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Social Security And The Stock Market
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Book Synopsis Investing Social Security Funds in the Stock Market by :
Download or read book Investing Social Security Funds in the Stock Market written by and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: For the time being, Social Security receipts are more than enough to fund current benefits. But beginning in 2017, under current law, benefits are projected to exceed Social Security receipts. At that point, if not before, either benefits will have to be cut, taxes will have to be raised, or the shortfall will have to be made up either by tapping non-Social Security revenues, which would reduce the unified federal budget surplus, or by an increase in federal borrowing. Any current proposal to extend the financial life of Social Security is likely to include increases in taxes, cuts in benefits, or both. In addition to those possibilities, is the notion of allowing beneficiaries to contribute some of their Social Security payments directly into personal accounts. Because equity has historically yielded a higher rate of return than have Treasury securities, it is argued that allowing individuals to invest some of their contributions in the stock market would offset at least some of the effects of either tax increases or benefit cuts in any package of reforms. Between 1926 and 2003, the average annual total rate of return on large corporate stocks was 7.2%, after adjusting for inflation. That was 4.9 percentage points higher than the average real return of 2.3% on long-term government bonds over the same period. But there is substantial variation in rates of return, which diminishes as the holding period grows longer. Even with relatively long holding periods there are still instances of below-zero rates of return. The longest holding period with a below-zero return for stocks was 18 years and 11 months. Although, longer holding periods have historically reduced the volatility of stock returns that does not necessarily mean that the risk associated with holding stocks falls as holding periods lengthen. A recent subject of speculation has been the risk that the retirement of the babyboom generation will coincide with a substantial sell-off of assets. Sometimes referred to as the "asset market meltdown hypothesis," the concern is that as increasing numbers of retirees sell the assets they have accumulated over their working lives in order to continue the lifestyles to which they have become accustomed, asset prices will decline. Theory alone seems insufficient to predict what might happen to asset prices when the baby boom generation begins to retire. There are reasons to believe that they will sell some of their assets, but there are also reasons to believe that those sales will not be so large as to disrupt financial markets or cause a precipitous drop in the prices of assets traded in those markets. This report will not be updated.
Book Synopsis Social Security and the Stock Market by : Alicia Haydock Munnell
Download or read book Social Security and the Stock Market written by Alicia Haydock Munnell and published by W.E. Upjohn Institute. This book was released on 2006 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to explore the use of equities to help solve the Social Securityfinancing problem.
Book Synopsis Privatizing Social Security by : Martin Feldstein
Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest
Book Synopsis The Stock Market and Social Security, the Risks and the Rewards by : United States. Congress. Senate. Special Committee on Aging
Download or read book The Stock Market and Social Security, the Risks and the Rewards written by United States. Congress. Senate. Special Committee on Aging and published by . This book was released on 1998 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Funding Social Security by : Laurence S. Seidman
Download or read book Funding Social Security written by Laurence S. Seidman and published by Cambridge University Press. This book was released on 1999-04-13 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a serious consideration of the worldwide debate on social security reform.
Book Synopsis Social Security financing : implications of government stock investing for the trust fund, the federal budget, and the economy : report to the Special Committee on Aging, U.S. Senate by :
Download or read book Social Security financing : implications of government stock investing for the trust fund, the federal budget, and the economy : report to the Special Committee on Aging, U.S. Senate written by and published by DIANE Publishing. This book was released on with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Understanding SSI (Supplemental Security Income) by :
Download or read book Understanding SSI (Supplemental Security Income) written by and published by DIANE Publishing. This book was released on 1998-03 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication informs advocates & others in interested agencies & organizations about supplemental security income (SSI) eligibility requirements & processes. It will assist you in helping people apply for, establish eligibility for, & continue to receive SSI benefits for as long as they remain eligible. This publication can also be used as a training manual & as a reference tool. Discusses those who are blind or disabled, living arrangements, overpayments, the appeals process, application process, eligibility requirements, SSI resources, documents you will need when you apply, work incentives, & much more.
Book Synopsis Expand Social Security Now! by : Steven Hill
Download or read book Expand Social Security Now! written by Steven Hill and published by Beacon Press. This book was released on 2016-05-10 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why Social Security is not only sustainable but should be substantially expanded Social Security is bankrupting us. It’s outdated. It’s a Ponzi scheme. It’s stealing from young people. These are some of the biggest myths and lies about one of the most successful programs in our nation’s history. Three-quarters of Americans depend heavily on Social Security in their elderly years and nearly half would be living in poverty without it. But as important and popular as it is, Social Security has become a political football. A well-financed campaign—supported by conservatives, special interest groups, and even leading Democrats—has lobbied for cuts and significant “entitlement reform,” falsely proclaiming that Social Security is going broke. Policy expert Steven Hill argues that Social Security should not only be defended, it should be substantially expanded. Here he proposes how we can double the monthly benefit and how to pay for it by closing many of the tax loopholes and deductions that disproportionately favor the wealthy few.
Book Synopsis Social Security Financing by : United States. General Accounting Office
Download or read book Social Security Financing written by United States. General Accounting Office and published by . This book was released on 1998 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Charles Schwab Guide to Finances After Fifty by : Carrie Schwab-Pomerantz
Download or read book The Charles Schwab Guide to Finances After Fifty written by Carrie Schwab-Pomerantz and published by Crown Currency. This book was released on 2014-04-01 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Here at last are the hard-to-find answers to the dizzying array of financial questions plaguing those who are age fifty and older. The financial world is more complex than ever, and people are struggling to make sense of it all. If you’re like most people moving into the phase of life where protecting—as well as growing-- assets is paramount, you’re faced with a number of financial puzzles. Maybe you’re struggling to get your kids through college without drawing down your life’s savings. Perhaps you sense your nest egg is at risk and want to move into safer investments. Maybe you’re contemplating downsizing to a smaller home, but aren’t sure of the financial implications. Possibly, medical expenses have become a bigger drain than you expected and you need help assessing options. Perhaps you’ll shortly be eligible for social security but want to optimize when and how to take it. Whatever your specific financial issue, one thing is certain—your range of choices is vast. As the financial world becomes increasingly complex, what you need is deeply researched advice from professionals whose credentials are impeccable and who prize clarity and straightforwardness over financial mumbo-jumbo. Carrie Schwab-Pomerantz and the Schwab team have been helping clients tackle their toughest money issues for decades. Through Carrie’s popular “Ask Carrie” columns, her leadership of the Charles Schwab Foundation, and her work across party lines through two White House administrations and with the President’s Advisory Council on Financial Capability, she has become one of America’s most trusted sources for financial advice. Here, Carrie will not only answer all the questions that keep you up at night, she’ll provide answers to many questions you haven’t considered but should.
Book Synopsis Social Security and Its Discontents by : Michael Tanner
Download or read book Social Security and Its Discontents written by Michael Tanner and published by Cato Institute. This book was released on 2004 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tanner (Cato Project on Social Security Choice) brings together work by leaders in Social Security reform, examining problems of the current system and offering proposals for reform. Contributors in economics, law, and philosophy, many affiliated with the Cato Institute, examine aspects of the problem related to issues such as property rights, the impact of Social Security reform on low-income workers, and how stock market declines affect the reform debate. They advocate allowing younger workers to privately invest their Social Security taxes through individual accounts.
Book Synopsis Public Finance and Public Policy by : Jonathan Gruber
Download or read book Public Finance and Public Policy written by Jonathan Gruber and published by Macmillan. This book was released on 2005 with total page 806 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapters include: "Income distribution and welfare programs", "State and local government expenditures" and "Health economics and private health insurance".
Download or read book Social Security written by Dean Baker and published by University of Chicago Press. This book was released on 1999 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: An argument is made that social security is under threat from its implied "rescuers" due to a national frenzy and economically-motivated political manipulation.
Book Synopsis The Effects of Social Security on Income and the Capital Stock by : Michael R. Darby
Download or read book The Effects of Social Security on Income and the Capital Stock written by Michael R. Darby and published by . This book was released on 1979 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on effects of social security on aggregate savings-income ratio in the USA - uses an economic model to estimate relationships between capital stock, labour supply and social security, etc., and finds that a regression run for 1947-1974 shows no effect of social security on saving. Bibliography pp. 85 to 88, graphs, references and statistical tables.
Book Synopsis Risk Aspects of Investment-Based Social Security Reform by : John Y. Campbell
Download or read book Risk Aspects of Investment-Based Social Security Reform written by John Y. Campbell and published by University of Chicago Press. This book was released on 2009-02-15 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: Our current social security system operates on a pay-as-you-go basis; benefits are paid almost entirely out of current revenues. As the ratio of retirees to taxpayers increases, concern about the high costs of providing benefits in a pay-as-you-go system has led economists to explore other options. One involves "prefunding," in which a person's withholdings are invested in financial instruments, such as stocks and bonds, the eventual returns from which would fund his or her retirement. The risks such a system would introduce—such as the volatility in the market prices of investment assets—are the focus of this offering from the NBER. Exploring the issues involved in measuring risk and developing models to reflect the risks of various investment-based systems, economists evaluate the magnitude of the risks that both retirees and taxpayers would assume. The insights that emerge show that the risk is actually moderate relative to the improved return, as well as being balanced by the ability of an investment-based system to adapt to differences in individual preferences and conditions.
Download or read book Savings Fitness written by Barry Leonard and published by DIANE Publishing. This book was released on 2007-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many people mistakenly believe that Social Security (SS) will pay for all or most of their retire. needs, but the fact is, since its inception, SS has provided little protection. A comfortable retire. usually requires SS, pensions, personal savings & invest. The key tool for making a secure retire. a reality is financial planning. It will help clarify your retire. goals as well as other financial goals you want to ¿buy¿ along the way. It will show you how to manage your money so you can afford today¿s needs yet still fund tomorrow¿s. You¿ll learn how to save your money to make it work for you & how to protect it so it will be there when you need it. Explains how you can take the best advantage of retire. plans at work, & what to do if you¿re on your own. Illustrations.
Download or read book Pension Puzzles written by Melissa Hardy and published by Russell Sage Foundation. This book was released on 2007-07-19 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rancorous debate over the future of Social Security reached a fever pitch in 2005 when President Bush unsuccessfully proposed a plan for private retirement accounts. Although efforts to reform Social Security seem to have reached an impasse, the long-term problem—the projected Social Security deficit—remains. In Pension Puzzles, sociologists Melissa Hardy and Lawrence Hazelrigg explain for a general audience the fiscal challenges facing Social Security and explore the larger political context of the Social Security debate. Pension Puzzles cuts through the sloganeering of politicians in both parties, presenting Social Security's technical problems evenhandedly and showing how the Social Security debate is one piece of a larger political struggle. Hardy and Hazelrigg strip away the ideological baggage to explicate the basic terms and concepts needed to understand the predicament of Social Security. They compare the cases for privatizing Social Security and for preserving the program in its current form with adjustments to taxes and benefits, and they examine the different economic projections assumed by proponents of each approach. In pursuit of its privatization agenda, Hardy and Hazelrigg argue, the Bush administration has misled the public on an issue that was already widely misunderstood. The authors show how privatization proponents have relied on dubious assumptions about future rates of return to stock market investments and about the average citizen's ability to make informed investment decisions. In addition, the administration has painted the real but manageable shortfalls in Social Security revenue as a fiscal crisis. Projections of Social Security revenues and benefits by the Social Security Administration have treated revenues as fixed, when in fact they are determined by choices made by Congress. Ultimately, as Hardy and Hazelrigg point out, the clash over Social Security is about more than technical fiscal issues: it is part of the larger culture wars and the ideological struggle over what kind of social responsibilities and rights American citizens should have. This rancorous partisan wrangling, the alarmist talk about a "crisis" in Social Security, and the outright deception employed in this debate have all undermined the trust between citizens and government that is needed to restore the solvency of Social Security for future generations of retirees. Drawing together economic analyses, public opinion data, and historical narratives, Pension Puzzles is a lucid and engaging guide to the major proposals for Social Security reform. It is also an insightful exploration of what that debate reveals about American political culture in the twenty-first century. A Volume in the American Sociological Association's Rose Series in Sociology
