Tag: Social Security
Abstract This paper seeks to determine the impact of the changing lives of women – increased labor force participation/earnings and reduced marriage rates – on Social Security replacement rates. First, our estimates, based on the Health and Retirement Study and Modeling Income in the Near Term, show that Social Security replacement rates have dropped sharply…
My father was never more in love with my mother than on the day he died in 2004, days before their 50th anniversary. But he made one bad financial decision that she lives with today: he started up his Social Security benefits at age 62. He felt he needed the money sooner than later. H…
