The annual Social Security Trustees Report, released on Monday, confirms that the program is significantly underfunded. After decades of delay, Congress and the next president will need to take steps to restore Social Security's finances and improve Americans' retirement income security. Although it might seem counterintuitive, one positive step toward...

According to the new calculations of the Social Security Trustees’ 2012 Report, Social Security’s future costs are a lot bigger than its future income.

This event will examine more radical reforms that — while aiming to accomplish the same goals as the current Social Security program — would do so through fundamentally different structures.

In a just published piece, AEI economist and tax expert Alan Viard warns that the 2011 payroll tax holiday, which shaves 2 % points off workers’ Social Security tax rates, undermines historical practices and distorts federal budget priorities as it diverts $130 billion from the general treasury into the Social Security trust fund.

A system that lets participants choose between the traditional system and a lower-cost settlement paid in inflation-adjusted Treasuries could ensure the program's solvency.

The claim that 20-somethings are more likely to believe they will see flying saucers than collect from Social Security is exaggerated.

It is all too clear that the holiday's diversion of general revenue from the Social Security trust fund has undermined historical practices and distorted federal budgetary priorities.