Tag: Social Security
Social Security dramatically reduces inequality between white and minority retirement wealth. A forthcoming study by two of my colleagues, Wenliang Hou and Geoff Sanzenbacher, looks at retirement wealth by race. They defined wealth broadly to include assets in retirement plans (including defined benefit plans), non-retirement plan assets, housing wealth, and Social Security benefits. They used…
Retirees could get substantially more in their Social Security check if they would just wait longer – up to age 70 – to sign up. But only a tiny fraction of workers make it to 70, and more than a third get the minimum monthly benefits because they start them as soon as the program…
