How is Social Security so effective at preventing poverty?

From the Alliance for Retired Americans: Social Security benefits are based on a worker’s earnings; the more a worker makes, the higher the benefit amount will be. Because some workers are in low paying jobs and have little income to save for retirement, Social Security uses a benefit formula that replaces a greater fraction of …

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Why Social Security beats the market

From MarketWatch | By Jeff Reeves ROCKVILLE, Md. — Staring at my wife’s annual tax documents this weekend, I couldn’t help getting fired up over what she paid into Social Security last year. When I pointed out the money sunk into the entitlement program — a 6.2% haircut on her modest salary — she simply …

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