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Why Is Social Security In Such Bad Shape Now?
A 1977 New York Times analysis outlines looming Social Security funding risks. It notes depleted reserves, rising disability claims, inflation-driven benefit increases, and demographic pressures, with projections showing larger shortfalls if reforms are not enacted. It highlights optimistic forecasts misjudged by unemployment and inflation.
MENTIONED IN THIS ARTICLE
Social Security
David F. Rosenbaum
N.Y
Congress
A. Haeworth
Eg) Robertson
Social Security Administration
Carter