Tag: social security income

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In a recent editorial, The Wall Street Journal reports on state and local pension liabilities as a percentage of state GDP and concludes that politicians have made excessive pension promises.  In fact, pension costs are going up, but the question is whether the rising costs are a result of benefit generosity or of underfunding.  T…

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The brief’s key findings are: Many policy experts support targeted changes to Social Security benefits for vulnerable groups, such as caregivers, widows, the very old, and low earners Several of these changes have been endorsed by bipartisan groups, which indicates the potential for widespread support. Such changes, by themselves, would raise Social Security’s long-term deficit. But if…