Tag: poverty in the United States
Declining Wealth and Rising Cost of Necessities Are the Real Worries When It Comes to Senior Poverty
In the wake of the release of the Census Bureau’s Poverty in the United States: 2021, observers have noted that the poverty rate among the elderly ticked up from 2020, while it declined or remained unchanged, respectively, for those under age 18 and those ages 18-64 (see Table 1). Personally, I would not put too muc…
Abstract Social Security reform is back near the top of the public agenda after a 15-year absence. The Bush administration seeks a partial privatization of Social Security, while avoiding new payroll taxes. The administration will almost certainly try to limit its agenda to the creation of an individual account system of some sort. But t…