"The Future of Social Security", 12/8 (Th) at 3pm
Daniel Lake
dlake001 at plattsburgh.edu
Wed Dec 7 20:45:00 UTC 2022
A roundtable discussion of the future of Social Security will be held at
3pm on Thursday, Dec. 8, in the Hermes Conference Room (room 114), Au Sable
Hall. The panel features Prof. Colin Read (Department of Economics), Ms.
Barbara McBurnie (Board of Directors, Senior Action Council), Prof. Daniel
Lake (Department of Political Science), and will be moderated by Mr. Chris
Bottini (New York Public Interest Research Group - NYPIRG).
First established in 1935, Social Security is the largest federal social
insurance program. Commonly known for providing retirement benefits for
Americans over 65, it’s also the most effective anti-poverty measure. Without
it, 22.5 million
<https://www.cbpp.org/research/social-security/social-security-lifts-more-people-above-the-poverty-line-than-any-other>
more Americans would be living in poverty. Six million
<https://www.ssa.gov/policy/docs/chartbooks/fast_facts/2022/fast_facts22.html#pagei>
of them are under 65, including nearly one million children. For about a
quarter of households, Social Security makes up 90%
<https://www.ssa.gov/policy/docs/ssb/v77n2/v77n2p1.html> or more of their
income.
As effective as Social Security is, it also is in danger of running out of
funds to pay beneficiaries. By 2035 the program will only be able to pay
out 78% of current benefits unless Congressional action is taken.
Additionally, young people are pessimistic about the future of the program.
According to one poll
<https://nationwidefinancial.com/media/pdf/NFM-20936AO.pdf>, 47% of
millennials at least somewhat agreed with the statement, “I will not get a
dime of the Social Security benefits I have earned.”
Working in consultation with AARP, NYPIRG has been organizing campus events
across the state focused on these issues during the Fall semester. The
panel will be offering a range of views on Social Security and public
policy options. Audience participation will be welcomed.
--
*Daniel Lake*
(gender pronouns: he/him/his)
Assoc. Prof. and Chair of Political Science
Interim Director, Institute for Ethics in Public Life
Hawkins 149E
101 Broad Street
<https://maps.google.com/?q=101+Broad+Street+Plattsburgh,+NY+12901&entry=gmail&source=g>
Plattsburgh, NY 12901
<https://maps.google.com/?q=101+Broad+Street+Plattsburgh,+NY+12901&entry=gmail&source=g>
(o) 518-564-5830 <(518)%5645830>
*plattsburgh.edu <http://plattsburgh.edu/>*
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