Tag: Social Security
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…
The best way for most individuals to increase their retirement income is by delaying Social Security – each year they wait significantly boosts their monthly benefit check. It seems that baby boomers are getting the message. The share of people who claim their Social Security benefits at age 62 – as soon as they’re eligib…
