Tag: Social Security
![Growing tree](https://crr.bc.edu/wp-content/uploads/2017/05/tree.jpg.webp)
The magic number is 35. That’s how many years of earnings the U.S. Social Security Administration (SSA) uses to calculate every worker’s pension benefit. But 35 years can be a tall order for the many boomer women who took time off or cut back on their hours to raise their children. Nearly half of 62-year-old…
![Social Security sign in a garden](https://crr.bc.edu/wp-content/uploads/2022/11/social_security_6-1536x1024.jpg.webp)
Abstract Social Security provides higher replacement rates to disability insurance beneficiaries than retired beneficiaries. This fact reflects two factors: 1) Disability Insurance (SSDI) beneficiaries have lower career earnings, and Social Security benefits are progressive; and 2) SSDI benefits are not reduced for claiming early. This project uses the 1992-2010 waves of the Health and Retirement…