How Well Are Social Security Recipients Protected from Inflation?

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Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (65 download)

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Book Synopsis How Well Are Social Security Recipients Protected from Inflation? by : Gopi Shah Goda

Download or read book How Well Are Social Security Recipients Protected from Inflation? written by Gopi Shah Goda and published by . This book was released on 2010 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social Security is widely believed to protect its recipients from inflation because benefits are indexed to the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). However, the CPI-W may not accurately reflect the experience of retirees for two reasons. First, retirees generally have higher medical expenses than workers, and medical costs, in recent years, have tended to rise faster than the prices of other goods. Second, even if medical costs did not rise faster than the prices of other goods, as retirees aged, their medical spending would still tend to increase as a share of income; that is, each cohort of retirees would still see a decline in the real income left over for non-medical spending. We show that Social Security benefits net of average out-of-pocket medical expenses have declined relative to a price index for non-medical goods by almost 20 percent for men, and almost 27 percent for women, in the 1918 birth cohort. We also explore the extent to which indexing Social Security benefits to the CPI-E, an experimental measure of inflation for the elderly, would change these results -- National Bureau of Economic Research web site.

Retirement Security

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Publisher : BiblioGov
ISBN 13 : 9781289024970
Total Pages : 58 pages
Book Rating : 4.0/5 (249 download)

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Book Synopsis Retirement Security by : U S Government Accountability Office (G

Download or read book Retirement Security written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: GAO was asked to examine the net effects of the 1980 and 1981 annual social security benefit increases on the amount of discretionary income of Hawaiian retirees after they had paid for their basic food, shelter, and medical care needs. GAO found that, in all simulated cases, the amount of real discretionary purchasing power that retirees had after paying for basic necessities had declined. The amount of the decline ranged from approximately 4 percent to 80 percent of discretionary income, with the average amount slightly over 25 percent. In some cases, retirees would have been financially better off if they had not received the benefit increases. Retirees receiving Medicaid benefits under the medically needy option experienced higher discretionary purchasing power loss rates than those not receiving Medicaid, and those receiving housing assistance had lower loss rates than those who were not. Individuals generally experienced greater loss rates than couples. Medicaid program requirements caused the greatest discretionary purchasing power losses. Because the purchasing power of need-based program benefits is not protected to the same degree as that of social security benefits, lower income social security recipients who participate in public assistance programs as well stand to lose benefits from those programs as social security benefits increase. In addressing the issue of offsetting benefit losses, extensive analysis of their effects in different States will be required, primarily because of differences in the operation of the Medicaid program.

Privatizing Social Security

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Publisher : University of Chicago Press
ISBN 13 : 0226241823
Total Pages : 484 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis Privatizing Social Security by : Martin Feldstein

Download or read book Privatizing Social Security written by Martin Feldstein and published by University of Chicago Press. This book was released on 2008-04-15 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume represents the most important work to date on one of the pressing policy issues of the moment: the privatization of social security. Although social security is facing enormous fiscal pressure in the face of an aging population, there has been relatively little published on the fundamentals of essential reform through privatization. Privatizing Social Security fills this void by studying the methods and problems involved in shifting from the current system to one based on mandatory saving in individual accounts. "Timely and important. . . . [Privatizing Social Security] presents a forceful case for a radical shift from the existing unfunded, pay-as-you-go single national program to a mandatory funded program with individual savings accounts. . . . An extensive analysis of how a privatized plan would work in the United States is supplemented with the experiences of five other countries that have privatized plans." —Library Journal "[A] high-powered collection of essays by top experts in the field."—Timothy Taylor, Public Interest

Social Security and Economic Well-being Across Generations

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Publisher :
ISBN 13 :
Total Pages : 182 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Social Security and Economic Well-being Across Generations by : John R. Gist

Download or read book Social Security and Economic Well-being Across Generations written by John R. Gist and published by . This book was released on 1988 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Social Security Works!

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Publisher : New Press, The
ISBN 13 : 1620970473
Total Pages : 321 pages
Book Rating : 4.6/5 (29 download)

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Book Synopsis Social Security Works! by : Nancy Altman

Download or read book Social Security Works! written by Nancy Altman and published by New Press, The. This book was released on 2015-01-21 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing chorus of prominent voices in Congress and elsewhere are calling for the expansion of our Social Security system—people who know that Social Security will not “go broke” and does not add a penny to the national debt. Social Security Works! will amplify these voices and offer a powerful antidote to the three-decade-long, billionaire-funded campaign to make us believe that this vital institution is destined to collapse. It isn't. From the Silent Generation to Baby Boomers, from Generation X to Millennials and Generation Z, we all have a stake in understanding the real story about Social Security. Critical to addressing the looming retirement crisis that will affect two- thirds of today's workers, Social Security is a powerful program that can help stop the collapse of the middle class, lessen the pressure squeezing families from all directions, and help end the upward redistribution of wealth that has resulted in perilous levels of inequality. All Americans deserve to have dignified retirement years as well as an umbrella to protect them and their families in the event of disability or premature death. Sure to be a game-changer, Social Security Works! cogently presents the issues and sets forth both an agenda and a political strategy that will benefit us all. At stake are our values and the kind of country we want for ourselves and for those that follow.

Toward a More Accurate Measure of the Cost of Living

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Publisher :
ISBN 13 :
Total Pages : 212 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Toward a More Accurate Measure of the Cost of Living by : United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index

Download or read book Toward a More Accurate Measure of the Cost of Living written by United States. Congress. Senate. Advisory Commission to Study the Consumer Price Index and published by . This book was released on 1996 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Aging

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Publisher : University of Chicago Press
ISBN 13 : 0226903222
Total Pages : 428 pages
Book Rating : 4.2/5 (269 download)

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Book Synopsis The Economics of Aging by : David A. Wise

Download or read book The Economics of Aging written by David A. Wise and published by University of Chicago Press. This book was released on 2009-05-15 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Economics of Aging presents results from an ongoing National Bureau of Economic Research project. Contributors consider the housing mobility and living arrangements of the elderly, their labor force participation and retirement, the economics of their health care, and their financial status. The goal of the research is to further our understanding both of the factors that determine the well-being of the elderly and of the consequences that follow from an increasingly older population with longer individual life spans. Each paper is accompanied by critical commentary.

Demography and the Economy

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Publisher : University of Chicago Press
ISBN 13 : 0226754758
Total Pages : 444 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Demography and the Economy by : John B. Shoven

Download or read book Demography and the Economy written by John B. Shoven and published by University of Chicago Press. This book was released on 2011-01-15 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: Demographics is a vital field of study for understanding social and economic change and it has attracted attention in recent years as concerns have grown over the aging populations of developed nations. Demographic studies help make sense of key aspects of the economy, offering insight into trends in fertility, mortality, immigration, and labor force participation, as well as age, gender, and race specific trends in health and disability. Demography and the Economy explores the connections between demography and economics, paying special attention to what demographic trends can reveal about the sustainability of traditional social security programs and the larger implications for economic growth. The volume brings together some of the leading scholars working at the border between the two disciplines, and it provides an eclectic overview of both fields. Contributors also offer deeper analysis of a variety of issues such as the impact of greater wealth on choices about marriage and childbearing and the effects of aging populations on housing prices, Social Security, and Medicare.

Social Security

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Publisher : CQ Press
ISBN 13 :
Total Pages : 584 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Social Security by : Larry W. DeWitt

Download or read book Social Security written by Larry W. DeWitt and published by CQ Press. This book was released on 2008 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Documentary History tells the story of the creation and development of the U.S. Social Security program through primary source documents, from its antecendents and founding in 1935, to the controversial issues of the present. This unique reference presents the complex history of Social Security in an accessible volume that highlights the program's major moments and events.

Investigations in the Economics of Aging

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Publisher : University of Chicago Press
ISBN 13 : 0226903133
Total Pages : 399 pages
Book Rating : 4.2/5 (269 download)

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Book Synopsis Investigations in the Economics of Aging by : David A. Wise

Download or read book Investigations in the Economics of Aging written by David A. Wise and published by University of Chicago Press. This book was released on 2012-08 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at a conference held in Carefree, Arizona in May 2011.

Social Security

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Publisher : San Francisco, Calif. : Cato Institute
ISBN 13 :
Total Pages : 504 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Social Security by : Peter J. Ferrara

Download or read book Social Security written by Peter J. Ferrara and published by San Francisco, Calif. : Cato Institute. This book was released on 1980 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Report of the National Commission on Social Security Reform

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Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Report of the National Commission on Social Security Reform by : United States. National Commission on Social Security Reform

Download or read book Report of the National Commission on Social Security Reform written by United States. National Commission on Social Security Reform and published by . This book was released on 1983 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Budget options

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Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Budget options by : United States. Congressional Budget Office

Download or read book Budget options written by United States. Congressional Budget Office and published by . This book was released on 1977 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Savings Fitness

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Publisher : DIANE Publishing
ISBN 13 : 9781422319024
Total Pages : 32 pages
Book Rating : 4.3/5 (19 download)

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Book Synopsis Savings Fitness by : Barry Leonard

Download or read book Savings Fitness written by Barry Leonard and published by DIANE Publishing. This book was released on 2007-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many people mistakenly believe that Social Security (SS) will pay for all or most of their retire. needs, but the fact is, since its inception, SS has provided little protection. A comfortable retire. usually requires SS, pensions, personal savings & invest. The key tool for making a secure retire. a reality is financial planning. It will help clarify your retire. goals as well as other financial goals you want to ¿buy¿ along the way. It will show you how to manage your money so you can afford today¿s needs yet still fund tomorrow¿s. You¿ll learn how to save your money to make it work for you & how to protect it so it will be there when you need it. Explains how you can take the best advantage of retire. plans at work, & what to do if you¿re on your own. Illustrations.

Social Security

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Publisher : International Labour Organization
ISBN 13 : 9789221126249
Total Pages : 124 pages
Book Rating : 4.1/5 (262 download)

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Book Synopsis Social Security by : International Labour Office

Download or read book Social Security written by International Labour Office and published by International Labour Organization. This book was released on 2001 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report offers an in-depth overview of the important, and sometimes controversial, issues surrounding social security in a global context: its relationship to employment and development, its extension in terms of personal coverage, and its contribution to gender equality, as well as its financing. Consisting of resolutions and conclusions drawn from the International Labour Conference, 89th Session, 2001, this book contains the report to the conference - prepared for the general discussion on social security and sets out the key topics and priorities for providing and managing social security systems. Global trends in social security expenditure are covered, as the report addresses such pivotal questions as: Is social security facing an ageing crisis? Is it facing a globalization crisis? Has it reached its limits in terms of affordability? The concept of social dialogue, and its part in strengthening and expanding social security, is also discussed and the report considers how family and local solidarity networks, institutions, enterprises, governments and the international community can help enhance the effectiveness of social security. (ILO Website)

Communities in Action

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Publisher : National Academies Press
ISBN 13 : 0309452961
Total Pages : 583 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Communities in Action by : National Academies of Sciences, Engineering, and Medicine

Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

Get What's Yours

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Publisher : Simon and Schuster
ISBN 13 : 1476772290
Total Pages : 336 pages
Book Rating : 4.4/5 (767 download)

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Book Synopsis Get What's Yours by : Laurence J. Kotlikoff

Download or read book Get What's Yours written by Laurence J. Kotlikoff and published by Simon and Schuster. This book was released on 2015-02-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn the secrets to maximizing your Social Security benefits and earn up to thousands of dollars more each year with expert advice that you can't get anywhere else. Want to know how to navigate the forbidding maze of Social Security and emerge with the highest possible benefits? You could try reading all 2,728 rules of the Social Security system (and the thousands of explanations of these rules), but Kotlikoff, Moeller, and Solman explain Social Security benefits in an easy to understand and user-friendly style. What you don't know can seriously hurt you: wrong decisions about which Social Security benefits to apply for cost some individual retirees tens of thousands of dollars in lost income every year. How many retirees or those nearing retirement know about such Social Security options as file and suspend (apply for benefits and then don't take them)? Or start stop start (start benefits, stop them, then re-start them)? Or-just as important-when and how to use these techniques? Get What's Yours covers the most frequent benefit scenarios faced by married retired couples, by divorced retirees, by widows and widowers, among others. It explains what to do if you're a retired parent of dependent children, disabled, or an eligible beneficiary who continues to work, and how to plan wisely before retirement. It addresses the tax consequences of your choices, as well as the financial implications for other investments. Many personal finance books briefly address Social Security, but none offers the thorough, authoritative, yet conversational analysis found here. You've paid all your working life for these benefits. Now, get what's yours.