It’s no wonder that Social Security is politically contentious. The program’s reach is vast: More than 175 million workers contribute to it with every paycheck, and about 43 million retirees collect monthly benefits. For three in five older Americans, those checks account for more than half their income. Every two years, voters — whether they […]
Social Security, food stamps, and other programs kept 44 million people out of poverty last year
The US Census Bureau just dropped its annual load of statistics on American poverty and income, and the data shows that 2017 was a good year for many Americans, and not-so-great for others. On the upside: 2.4 million more people snagged full-time jobs, the median household income ticked up, and poverty rates dropped slightly. On the downside: […]
America’s Broken Retirement System is a Recipe for Political Chaos
As stocks go up and unemployment comes down, an increasing number of older Americans find themselves dodging bill collectors and spiraling into debt. Many warn of severe economic repercussions if this continues. But there’s more—large swaths of downwardly mobile seniors who thought of themselves as middle class is also a recipe for political chaos. Economist […]
How Much Would Senator Rubio’s Paid Leave Program Help New Parents?
Unlike every other high-income nation, the United States does not guarantee paid leave to new mothers (Addati, Cassirer, and Gilchrist 2014). To expand paid leave options, Senator Marco Rubio (R–FL) introduced legislation this month that would allow new parents to use part of their future Social Security retirement benefits to finance time off from work […]
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