Tag: Life expectancy

How is Social Security so effective at preventing poverty?

On By ssworkswaIn Social SecurityLeave a comment

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 raising the Social Security retirement age means millions of Americans will never see a check

On By ssworkswaIn Social SecurityLeave a comment

Few Americans pay into Social Security thinking they won't live to see some benefit from it when they retire - but if Rep. Paul Ryan (R-WI) has his way, that would actually be the case for millions of people. American workers pay 6.2% of their paycheck into Social Security (well, 4.2% until the recent payroll …

Continue reading Why raising the Social Security retirement age means millions of Americans will never see a check