The case for pre-funding Social Security

Article Abstract:

Policy options available for closing the financial shortages within the limits of the system are discussed along with the case of pre-funding Social Security through personal retirement accounts (PRAs). Besides being a provision to partially pre-fund Social Security, pre-funding Social Security through PRAs in combination with changes to the system to reduce expenditure growth could result in benefits in the US economy.

Commercial Banks, Investment Banking and Securities Dealing, Bank Individual Retirement Accounts, Individual retirement accounts, Social security investment accounts

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Not on the radar: Illegal immigrants are bolstering Social Security

Article Abstract:

The seven million illegal immigrant workers in the US are providing Social Security system with a subsidy of $7billion a year thereby supporting the system. The money paid by illegal workers and their employers is factored in to all the Social Security Administration's projections.

Public Finance Activities, FICA Taxes, Illegal immigrants, Payroll tax, Social security taxes

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