How Long to Read The Future of Social Security

How Long Does it Take to Read The Future of Social Security?

It takes the average reader 3 hours and 29 minutes to read The Future of Social Security by Alicia H. Munnell

Assuming a reading speed of 250 words per minute. Learn more

Description

From a modest beginning in 1935 to an income replacement scheme for workers in commerce and industry, the social security system has grown to cover 90 percent of working Americans. It now pays $78 billion a year in benefits and is obligated to pay $4 trillion in future retirement benefits to workers now covered. With a projected tax rate of 30 percent of gross wages by the year 2050 to meet its obligations under current law, the system, in the author's words, is at "the most crucial juncture of its forty-year life." This comprehensive review and analysis, the thirteenth in the Brookings series of Studies in Social Economics, discusses social security in relation to other sources of retirement income and clarifies its financing problem, benefit structure, and ambivalent goals. It deals with two main financing questions. First, will the payroll tax yield the revenue needed to pay benefits as the retired population rises as a fraction of the working population? Second, is the regressive social security tax really the best source of revenue for a system with welfare components such as the minimum benefit and dependents' benefits? Though such benefits are viewed as progressive, they are not paid according to need. They meet neither the income redistribution requirements nor the individual equity goals of the social security program. The author provides a comprehensive account of the benefit structure and clarifies its relation not only to the basic goals of social security but also to the country's three-tiered system of income security. She offers recommendations for eliminating "an irrational and correctable feature of the benefit formula," for lowering the dependency ratio, and, most important, for a definition of goals.

How long is The Future of Social Security?

The Future of Social Security by Alicia H. Munnell is 205 pages long, and a total of 52,275 words.

This makes it 69% the length of the average book. It also has 64% more words than the average book.

How Long Does it Take to Read The Future of Social Security Aloud?

The average oral reading speed is 183 words per minute. This means it takes 4 hours and 45 minutes to read The Future of Social Security aloud.

What Reading Level is The Future of Social Security?

The Future of Social Security is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy The Future of Social Security?

The Future of Social Security by Alicia H. Munnell is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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