Encouraging Financial Security: First Do No Harm

America faces large budget deficits and a near-record low rate of net national savings at the same time that tens of millions of families are approaching retirement with little or no financial cushion for their retirement. Some proposed solutions, like carving private accounts out of Social Security, would be counterproductive. Instead, financial security – both for the nation as a whole and American families – can be advanced a combination of balanced Social Security reform and reforms to make it easier and more rewarding for families to save.