Tag: progressive benefit formula
Social Security is really important for older Americans. Every now and then, I am asked how dependent people are on Social Security. That’s actually an important question, given recent proposals for restructuring the program and concerns that the program is simply too big. Fortunately, the Congressional Research Service recently reported on the importance of Socia…
It might be nice to reduce the large share of benefits going to high earners who retire later and live long lives. To read about our federal finances, one would think we had been overtaken by forces beyond our control: extremely expensive healthcare programs, ever-growing interest payments on our debt, and runaway Social Security benefits…
