Tag: Social Security
2015 Budget Legislation targets “claim and suspend” and “spouse then worker.” The Bipartisan Budget Act of 2015 not only avoided major financial crises, but also eliminated some profitable Social Security claiming strategies. One of these strategies – “claim and suspend” – emerged in the wake of the Senior Citizens Freedom to Work Act of 2000,…
The brief’s key findings are: Social Security has been very successful in reducing old-age poverty, but this success could be challenged if benefits are cut to close the program’s funding gap. The effect of benefit cuts on poverty depends on how poverty is defined. The official measure of poverty is a static concept that does…
