Inequality

Seniors and Income Inequality: How Things Get Worse With Age

Income inequality has been rising on the political agenda, yet one group has been left out of the discussion: seniors. Older adults are somewhat less likely than working-age adults to be poor by the government’s traditional poverty measure, developed in the 1960s. But this official measure may understate the extent to which seniors live in poverty. […]

How Bad Is the United States at Reducing Income Inequality?

Why does nixing senior citizens from the analysis change the outcome so dramatically? Milanovic and Gornick note that Americans older than 60 are much more likely to have high market earnings compared with their peers overseas. In other words, they don’t retire, possibly because Social Security benefits aren’t exceptionally cushy. The fact that more of […]