If Social Security reform reduces anticipated retirement income, many analysts expect that workers might, to some degree, want to offset this effect by increasing their saving outside the Social Security system.
If retirement income decreases, workers are expected to increase their savings.
LIQUIDATING ACCOUNT - The budget account that includes all cash flows to and from the government resulting from pre-1992 direct loans or loan guarantees (those originally obligated or committed before Oct. 1, 1991), except those pre-1992 direct loans and loan guarantees that have been directly modified and transferred to a financing account.