Strengthening Social Security
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Strengthening Social Security
The U.S. Chamber believes that a secure retirement for American workers is fundamental to the country's growth and continued prosperity. Unfortunately, it's becoming clear that the current Social Security system cannot provide such security for much longer.
The only permanent way to strengthen Social Security is to transform the system. That is why the U.S. Chamber strongly supports Social Security reform that allows younger workers to invest a portion of their tax contributions in individually managed accounts.
More Information
- Why Social Security is in Trouble
- Strengthening Social Security: By the Numbers
- Myths and Realities
- Claims and Truths
- The Trust Fund Myth
- Personal Accounts
- What We Can Learn From The 2005 Social Security Trustees' Report
Did You Know?
- Although Social Security has been successful, it has been plagued with financial challenges. Payroll tax rates have been raised 22 times over the years.
- If you consider Social Security as an investment, it is not a good one. Estimates of rate of return for individuals born in 1990 range from 1% to 3%—well below market securities.
