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Social Security reforms seen as burden on youth in 1937 era
David W. Prudden discusses Social Security as a change from true insurance with a trust fund to a funded pay-as-you-go system. He argues reform in 1950 increased payouts without higher contributions, shifting costs to younger workers. He warns that future retirees rely on a shrinking base and urges awareness among seniors about paying for their own retirement.
MENTIONED IN THIS ARTICLE
James J. Kilpatrick
Gazette
Congress
Father Time