G2TT
来源类型Brief
规范类型简报
Social Security COLA Reductions Would Weaken Financial Security for the Oldest and Poorest Retirees
Richard W. Johnson; Joshua H. Goldwyn; Melissa M. Favreault
发表日期2004-09-20
出版年2004
语种英语
概述Cutting cost-of-living adjustments (COLAs) is often proposed as a way to limit Social Security costs, which will soar as the nation ages. This brief shows, however, that even modest COLA reductions would lead to substantial cuts in family income for the oldest and poorest retirees. Trimming COLAs to one-half of a percentage point below the annual percentage change in the Consumer Price Index, for example, would
摘要
Cutting cost-of-living adjustments (COLAs) is often proposed as a way to limit Social Security costs, which will soar as the nation ages. This brief shows, however, that even modest COLA reductions would lead to substantial cuts in family income for the oldest and poorest retirees. Trimming COLAs to one-half of a percentage point below the annual percentage change in the Consumer Price Index, for example, would reduce median Social Security benefits in 2040 by 13 percent for adults ages 85 and older, and would push an additional 2 million older adults onto the bottom rungs of the income distribution.
主题Aging
URLhttps://www.urban.org/research/publication/social-security-cola-reductions-would-weaken-financial-security-oldest-and-poorest-retirees
来源智库Urban Institute (United States)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/475189
推荐引用方式
GB/T 7714
Richard W. Johnson,Joshua H. Goldwyn,Melissa M. Favreault. Social Security COLA Reductions Would Weaken Financial Security for the Oldest and Poorest Retirees. 2004.
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