The Personal and Fiscal Impact of the Social Security 2100 Act heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
Americans widely support paid family leave for workers, and that support is evident in the growth of employer-based and state-based paid family leave programs. Despite those expansions, many federal lawmakers seek to implement a national paid family leave program. A new proposal that has support among some conservative lawmakers would allow workers to trade future Social Security benefits for paid leave benefits.
America’s most popular federal government program Social Security will be insolvent within 15 years, leaving older workers and retirees fearful of future benefit cuts. It will also leave younger workers reticent to contribute even larger chunks of their paychecks toward a program that 80% of millennials and Gen Xers doubt will be there for them when they retire.
Social Security’s Disability Insurance (SSDI) program is riddled with problems, including flaws and inefficiencies in the determination process, outdated measures of disability, work disincentives, fraud and abuse, inadequate continuing disability reviews, uncoordinated and complex interaction with other government programs, and inflexibility toward recipients’ wide range of disabilities and work capacities. These problems have contributed to skyrocketing costs and enrollment, and a near-depletion of the program’s finances in 2016.