Modernizing Social Security

Eschtruth, Andrew D, and Alicia Haydock Munnell. “Modernizing Social Security”. Issue in Brief 19-2, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, January 2019. http://hdl.handle.net/2345/bc-ir:108274.
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Abstract

The brief's key findings are: (1) Social Security's minimum benefit for retirees with very low career earnings does not prevent poverty and is withering away due to a design flaw. (2) A broad consensus exists for enhancing this benefit to at least keep full-time, full-career workers out of poverty. (3) Reform proposals, though, do differ over the extent to which part-time workers and those with shorter careers should also be eligible for a minimum benefit. (4) Overall, any improved minimum benefit would reduce retiree poverty, and its cost could be offset by reducing benefits somewhat for higher earners.

Title
Modernizing Social Security: minimum benefits
Author
Eschtruth, Andrew D
Munnell, Alicia Haydock
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
January 2019
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
19-2
Persistent Link
http://hdl.handle.net/2345/bc-ir:108274
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing Retirement

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