Tag: old-age poverty
The brief’s key findings are: Social Security has been very successful in reducing old-age poverty, but this success could be challenged if benefits are cut to close the program’s funding gap. The effect of benefit cuts on poverty depends on how poverty is defined. The official measure of poverty is a static concept that does…
The brief’s key findings are: The Census Bureau just reported a big jump in the poverty rate in 2009. But poverty rates actually fell for those over 65 as: Social Security recipients got a large cost-of-living adjustment and a one-time stimulus payment; and the poverty threshold dipped due to lower inflation in 2009. This situation…