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Issue Brief: Productivity Growth and Social Security's Future (PDF)
The Economic Policy InstituteLink to more items from this source
May 12, 2005
4 pages. Excerpt: As productivity increased in the 1950s, 1960s, and 1970s, the United States made substantial improvements in Social Security benefits -- raising benefits in tandem with wages ..., incorporating disability benefits, and allowing for early retirement. Although the share of the population in retirement will rise in coming decades, the U.S. economy can readily afford to maintain a strong Social Security program because productivity will rise faster than population.

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