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The Potential Savings to Social Security from Means Testing

Baker, Dean; Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2011

Many people in policy debates have argued that means testing, or reducing Social Security payments to affluent beneficiaries, can be an effective way to save money for the program and to reduce the federal budget deficit. This paper examines the feasibility of saving money through various types...

Persistent link: https://www.econbiz.de/10008865962

The Impact of Cutting Social Security Cost of Living Adjustments on the Living Standards of the Elderly

Baker, Dean; Rosnick, David - Center for Economic and Policy Research (CEPR) - 2011

lower benefits. Since the vast majority of retirees rely on Social Security for the bulk of their retirement income, this …

Persistent link: https://www.econbiz.de/10009322492

Maintaining and Improving Social Security for Poorly Compensated Workers

Fremstad, Shawn - Center for Economic and Policy Research (CEPR) - 2011

government should strengthen Social Security in ways that increase the retirement security of middle- and working-class Americans …. Particular attention should be paid to improving the living standards in retirement of workers in poorly compensated jobs, who … typically have little or no retirement savings outside of Social Security. Some recent proposals to cut Social Security would …

Persistent link: https://www.econbiz.de/10009359468

The Impact of Income Distribution on the Length of Retirement

Baker, Dean; Rosnick, David - Center for Economic and Policy Research (CEPR) - 2010

Social Security has made it possible for the vast majority of workers to enjoy a period of retirement in at least … modest comfort without relying on their children for support. The average length of retirement has increased consistently … since the program was started in 1937. However, the increase in the normal retirement age from 65 to 67 that is being phased …

Persistent link: https://www.econbiz.de/10008680677

Action on Social Security: The Urgent Need for Delay

Baker, Dean - Center for Economic and Policy Research (CEPR) - 2010

There is enormous public confusion (much of it deliberately cultivated) about the extent of Social Security’s projected shortfall. Many policymakers and analysts point out that projections from the Congressional Budget Office and the Social Security Trustees show the program to be out of...

Persistent link: https://www.econbiz.de/10008694896

Who's Above the Social Security Payroll Tax Cap?

Jones, Janelle; Schmitt, John; Woo, Nicole - Center for Economic and Policy Research (CEPR) - 2011

When most workers look at their pay stubs, they can see that the Social Security payroll tax rate is 12.4 percent – with the employee and employer each paying 6.2 percent. But many workers do not know that any annual wages above $106,800 are not taxed by Social Security. In other words, a...

Persistent link: https://www.econbiz.de/10009293653

Making Jobs Good

Schmitt, John; Jones, Janelle - Center for Economic and Policy Research (CEPR) - 2013

of several policies that seek to address job quality, including universal health insurance, a universal retirement system …

Persistent link: https://www.econbiz.de/10010667720

The Wealth of Households: An Analysis of the 2013 Survey of Consumer Finances

Rosnick, David; Baker, Dean - Center for Economic and Policy Research (CEPR) - 2014

This paper presents data on the wealth of households by age cohort based on new data from the 2013 Survey of Consumer Finances (SCF). It shows that the upward redistribution of wealth continued between 2010 and 2013. As a result, most households had less wealth in 2013 than they did in 2010 and...

Persistent link: https://www.econbiz.de/10011096690

Pension Liabilities: Fear Tactics and Serious Policy

Rosnick, David; Baker, Dean - Center for Economic and Policy Research (CEPR) - 2012

This working paper argues that pension funds should adopt a funding principle that is consistent with a return on holdings conditional on the state of the stock market. As will be shown, the expected “conditional rate of return” used in making this assessment will vary depending on the...

Persistent link: https://www.econbiz.de/10009649734

Who's (Still) Above the Social Security Payroll Tax Cap?

Jones, Janelle; Schmitt, John; Woo, Nicole - Center for Economic and Policy Research (CEPR) - 2012

The Social Security payroll tax cap is the earnings level above which no further Social Security taxes are collected. The cap is currently at $110,100, though legislation has been introduced in Congress to apply the Social Security payroll tax to earnings above $250,000 (but not between the...

Persistent link: https://www.econbiz.de/10010550996