Blog: The critical role of social insurance in the US and policies for reform
In 2021, The Hamilton Project has been doing a deep dive into social insurance in the United States. Our capstone analysis shows that social insurance plays a critical role for workers and families – both in times of crisis, as exhibited by the pandemic and ensuing economic recession, and in normal economic times. The social insurance system also helps buffer the economy when growth falters, supporting consumer purchasing power when income growth is weak.
To aid policymakers as they shift focus from providing immediate relief to building back the economy for the long term, we explore the role of social insurance and highlight policy proposals for reforms that would make vital and lasting improvements to the U.S. social insurance system.... Read More