Tag: retirement income
The withholding could be particularly serious for Black retirees. My colleagues, Gal Wettstein and Siyan Liu, just completed a study using the Federal Reserve’s Survey of Consumer Finances to explore how delinquent student loans could lead to the withholding of Social Security benefits, which could disproportionately harm disadvantaged groups. Gal and Siyan also looked at the potential impact of President Biden’s debt…
Answering that question highlights the need for better data. A reporter asked the other day how dependent people were on Social Security. The query sent me scurrying to find the latest Social Security Administration statistical publication showing the percentage of households relying on Social Security for more than 50% or 90% of their income. It…
