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Examining the 'Model Two' Social Security Plan

A plan to shore up Social Security called "Model Two" would remove the existing link between retirement benefits and increases in the country's overall living standard. Instead of being based on wage increases, benefits would be tied to price inflation. Prices tend to rise more slowly than wages, so future payments also would rise more slowly.

Copyright 2005 NPR

John Ydstie has covered the economy, Wall Street, and the Federal Reserve at NPR for nearly three decades. Over the years, NPR has also employed Ydstie's reporting skills to cover major stories like the aftermath of Sept. 11, Hurricane Katrina, the Jack Abramoff lobbying scandal, and the implementation of the Affordable Care Act. He was a lead reporter in NPR's coverage of the global financial crisis and the Great Recession, as well as the network's coverage of President Trump's economic policies. Ydstie has also been a guest host on the NPR news programs Morning Edition, All Things Considered, and Weekend Edition. Ydstie stepped back from full-time reporting in late 2018, but plans to continue to contribute to NPR through part-time assignments and work on special projects.
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