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Social Security and Young People
The Latest:>> House Democrats' Rap, Rock 'n Roll Radio Row on Social Security. House Democrats called radio stations popular among young Americans during the morning drive time to talk about young people and Social Security. Click here to listen >> >> See what "30 Something" Members of Congress are saying about Social Security on the House floor
Poll Watch:A new poll released by Rock the Vote, AARP, and the Joint Center for Political and Economic Studies shows that young voters may not be in favor of private accounts. Read more. Meet a Young Worker:
See why Peter Yacobellis, 25, is concerned about the Administration's proposal to privatize Social Security. |
Privatizating Social Security: A Lose-Lose Proposition for Younger Workers
"30 Something" Democrats Hold Town Hall on Younge People and Social Security
On Friday, March 11, 2005, "30 Something" co-chair, Rep. Kendrick Meek (D-FL) had an online town hall meeting on young people and Social Security. Hundreds of people logged on and askePrivatizating Social Security: A Lose-Lose Proposition for Younger Workersd questions.
See Congressman Meek's answers during the town hall here.
Republican plan to privatize will hurt young people
By providing a guaranteed, core retirement income, Social Security is crucial for helping Americans achieve retirement security. Although the Social Security program faces long-term challenges, our government has the resources to fund Social Security for nearly fifty years, and even after that it will still be able to pay 80 percent of benefits. Yet the Administration has proposed a radical privatization proposal will drain trillions of dollars from the Social Security Trust Fund and leave younger generations with benefit cuts and a mounting national debt. The Bush plan is simply bad news for young Americans:
"No group of Americans has more reason to fight privatization of Social Security than today's young workers. The Republican proposals to cut benefits and add trillions of dollars to the debt mean that millions of young people will be forced to work into their 70s and pay higher income taxes for the rest of their lives."
- Rep. Tim Ryan (D-OH)
"President Bush likes to say that young people have the most to gain under his plan, but the truth is that young people have the most to lose. Social Security will be there for today's young people, unless the President gets his way."
- Democratic Leader Nancy Pelosi
"The Republican plan would not help but would indeed hurt younger workers by cutting their retirement, disability, and survivor benefits, eventually by almost 50 percent."
- Rep. Sandy Levin (D-MI)
>> Young Workers Balk at Plan for Social Security
- Bangor Daily News
>> See why the Economic Policy Institute says that private accounts are no answer for young workers.
>> Speaking Out: University of Montana student says 'Bush’s Social Security privatization doesn’t add up'
>> Read a letter to the President from the younger House Democrats on Social Security
>> Get the facts: rhetoric vs. reality on Social Security and young workers
>> Read Reps. Kendrick Meek (D-FL) & Tim Ryan's (D-OH) joint statement on President Bush's Social Security plan and its effect on youth.
>> More resources from the Campaign for America's Future
“ Instead of leadership on the challenges facing Social Security, we have seen the Administration hyping a crisis without advancing a proposal. The President needs to reveal his plan now. No more catch-phrases, no more ideology – let’s put the numbers on the blackboard and see if they add up. ”
Rep. Earl Pomeroy (D-ND)
