Advancing ideas that rebalance power in our economy and democracy. www.rooseveltinstitute.org
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Yesterday’s Social Security Trustees Report moved up the projected depletion date of the retirement trust fund reserve to 2032.
That's a reason for policymakers to act. Not an excuse to cut one of the most successful anti-poverty programs in American history.
The answer begins with getting the problem diagnosis right.
Social Security isn't under strain because benefits are too generous. It's under strain because more income now flows to the top while contributing less to the program.
www.cbsnews.com/news/social-...
Social Security's financing challenge is real, but the solution isn't to ask retirees to accept less.
It's to recognize that the program's finances were weakened by policy choices, and can be strengthened by different ones.
Read more from our CEO @elizabethwwilkins.bsky.social:
Here we go. OASI trust fund reserve depletion date moves from Q1 2033 to Q4 2032 on crummier macro economic conditions. It could certainly shift back next year. Not a lot of practical effect but certainly a political one.
www.ssa.gov/news/en/pres...
Roosevelt Institute
Roosevelt Institute
Roosevelt Institute
New 📰: NYC's Pre-K for All is a rare success story and an example of building policy that can survive attack and expand. This new paper from Josh Wallack has lessons for anyone designing progressive policy to last.
The story of UPK is a story of building programs that build countervailing power. It has critical lessons for @rooseveltinstitute.org's whole good life agenda.
“People want it, they don’t want to change it, they don’t want to cut it, they want to know that it’s there for them.” – @kedseconomist.com
To keep Social Security benefits intact, we must make the wealthy pay more and improve, not cut the program.
Read: rooseveltinstitute.org/press-releas...
www.ssa.gov
The program is now projected to run out of money during their term.
The annual Trustees Report tracks the date when the OASI Trust Fund, a reserve that helps pay full benefits when Social Security tax revenue falls short, is projected to be exhausted. This year, that ...
How did NYC's free Pre-K for All survive Eric Adams’s budget cuts and expand statewide? Josh Wallack's analysis offers a blueprint for progressive policies that last.
New 📰: NYC's Pre-K for All is a rare success story and an example of building policy that can survive attack and expand. This new paper from Josh Wallack has lessons for anyone designing progressive policy to last.
How did NYC's free Pre-K for All survive Eric Adams’s budget cuts and expand statewide? Josh Wallack's analysis offers a blueprint for progressive policies that last.
