Is the camel's nose in the social security tent?

Article Abstract:

Concerns about the social security system have led to workers losing faith in receiving benefits and so they are less willing to contribute. Some suggestions for resolving the system's financial instability include reducing benefits to retirees, increasing the retirement age and encouraging work after retirement. Another possibility is to invest social security funds in equities which have been shown to have greater returns over the long-term but letting employees direct their own fund investment could create difficulties for those who do not successfully invest theirs.

Administration of Human Resource Programs (except Education, Public Health, and Veterans' Affairs Programs), Retirement Benefits, Admin. of social & manpower programs, Social Security Administration, Analysis, Public opinion, Social security

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Where's the growth?

Article Abstract:

The US economy has for 1994 and the first half of 1995 not acted as expected, with economic imbalances preventing the expected strong growth and resulting in excess inventories of automobiles and industrial materials. Fortunately, an inventory correction did not lead to a recession, and both inflation and interest rates seem likely to remain moderate despite a continued lack of progress on controlling the deficit. The stock market has done remarkably well but a correction seems in store soon.

Statistics, United States economic conditions

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Where are the savings?

Article Abstract:

Baby boomers are not saving for retirement, but their children are. Only one-half of households headed by people in their 40s are saving for retirement. Almost 58% of households headed by people in their 20s are participating in a retirement savings program. Boomers probably will begin to save more in the near future. The average 50-year-old should save $1,800 a month until retirement.

Economic aspects, Demographic aspects, Savings, Baby boom generation

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