Social Security Benefit Indexing

Social security benefits are putting increasing pressure on the federal budget. The Social Security Administration estimates that there is a possibility that the system will go bankrupt by 2041. US government bonds exceed 17 trillion dollars, about 54,000 dollars per capita and social security reforms to secure their solvency capacity is a major problem for economic policy makers. Tightening suggestions will help you change the automatic living expenses adjustment (COLA) of payment. In order to maintain the purchasing power of recipients, social security benefits are increasing each year according to the degree of inflation now. This is adjustment of living expenses.

Social security: The retirement age is 65 years old. Expand social security benefits to index through CPI - E and raise minimum benefit to 130% poverty line. In addition, all elderly people who lived for at least ten years to compensate for social security benefits (regardless of work or income history) will receive a world-wide old age benefit ($ 500 per month). College and student debt: Revocation of tuition fees of all public universities and universities Pay a living allowance to students. (In the case of revenue testing, it applies only to underage students under the age of 22. Parents earn over $ 150,000.) Student loan borrowers can refinance loans, It is limited to caps. Inflation student loans must also be repaid based on income and will not be repayed until the income exceeds 200% of the federal poverty line. Student debts should be allowed in 20 years

In addition to the year of high profitability, social security of appreciation of the renminbi. A relatively small number of companies require indexing obligations, and a few companies do not have formal indexing terms. The annual rate is 5 to 6%, the benefit doubles after 15 years, the bereaved benefits must be paid. This mode prevents index propagation. Before considering the approval of private pension here, we have to find a solution for SME and fading industry. In order to limit open debt, we must find several ways to limit the impact of inflation. It is also necessary to decide which price index or wage index to use and how much to use.