Social Security

With Social Security projected to run out of money within the decade, new polling from the Cato Institute provides important insight into how Americans feel about the system and what its future may be. 

New “Trump Accounts” promise to build wealth but offer little tax benefit and add more complexity to an already fractured savings system. 

Most people misunderstand the Social Security trust fund, believing it holds real financial assets that ensure future benefits. But there’s a big problem.

The promises to keep Social Security benefits exactly as currently legislated are immensely expensive for younger workers, whether Congress tries to levy additional taxes on all workers or only on those with earnings above the payroll tax cap.