U.S. Social Security

This handbook is a one-stop forum for nonpartisan discussion of the major proposals for addressing Social Security's coming financial crisis. This timely volume details the history and development of the American system of Social Security and examines the serious problems it faces. It covers the prehistory of Social Security dating back to the 19th century and projects the program's likely future over the next several generations. Thematically, the book chronicles the origination of the initial Social Security Act of 1935, each major reform to the act through today, the nature and magnitude of the current difficulty facing Social Security, and each major remedy that has been proposed. It also examines programs in other nations and how they have attempted to address similar problems. This handbook is essential reading for anyone trying to understand how this vital program evolved and where it could be going. Provides charts and graphs, including a graphic display of the likely future of the Social Security Trust Fund, a sketch of a financial portrait of Social Security, and the impact of potential reforms Includes a list of key terms, such as "pay-as-you-go" and "means testing," making the language of Social Security reform accessible to every reader