Tag: average wage index
I understand that not everyone savors, with as much enthusiasm as I do, testimony by Steve Goss, Social Security’s Chief Actuary. But I always find it very helpful. His most recent appearance before the House Ways and Means Subcommittee on Social Security touched on a number of ways that COVID-19 might affect the program and…
I need to add a word about the potential impact on Social Security benefits from the pandemic and the shutdown of the economy. Specifically, following a point made by Andrew Biggs, I argued that to the extent that COVID-19 results in a decline in average earnings in 2020, those born in 1960 (who turn 60…