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Reimagining Social Security: Global Lessons for Retirement Policy Changes
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Social Security is headed for collapse. How can the United States make its retirement system sustainable without crushing the next generation under a mountain of debt or taxes?
America’s largest entitlement program turns 90 this year—and it’s on life support. There’s no trust fund, just IOUs from the federal government and trillions in borrowing to keep the program afloat. By 2033—just eight years from now—Social Security will go bust. If nothing changes, benefits will be slashed by 20 perc...