Social Security benefits

/Tag: Social Security benefits

High Income Inequality Hurts Social Security’s Finances

Social Security’s trustees released their annual report this week. The program faces a manageable long-term financial shortfall after 2035, after which it can still pay 77% of promised benefits if nothing changes. Importantly, part of this shortfall is due to the growth and persistence of massive income inequality that have been a hallmark of the U.S. economy for much

This Chart Shows Social Security’s Growing Inequality Problem

For millions of Americans Social Security represents an economic safety net. Yet recent research shows its benefits are tilting more and more in favor of the wealthiest retirees. And it’s due to how long we live. According to new analysis from the Center for Retirement Research at Boston College, big gains in life expectancy among the

Retirement incomes will become more unequal, study finds

If income inequality continues to grow, so too will the gap between wealthy and struggling retirees. That's the takeaway from a new report by the Urban Institute, a progressive think tank in Washington, D.C., and funded by the Department of Labor, which analyzed how rising inequality will shape the landscape of American retirement. "People have this perception