Tag: Social Security
A retiree’s sources of money are often described as a three-legged stool: Social Security, pension, and savings. But many seniors’ financial support looks more like a single, sturdy pillar: Social Security. This is shown dramatically in new U.S. Social Security Administration (SSA) estimates of just how critical the federal program is to millions of older…
This dependency needs to be part of any discussion about the program’s future. For decades, the Social Security Administration has put out reports showing the percentage of household income attributable to Social Security. In recent years, some analysts have criticized the reliance of these estimates on data from the Current Population Survey (CPS). Studies hav…
