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Half in Ten: Why Taking Disability into Account is Essential to Reducing Income Poverty and Expanding Economic Inclusion

Fremstad, Shawn - Center for Economic and Policy Research (CEPR) - 2009

Disability is both a fundamental cause and consequence of income poverty. The income-poverty rate for persons with … about income poverty in the United States is largely silent about disability. This paper argues that we need to have a … broader view of what poverty is and also that disability must be taken into account in anti-poverty policy. …

Persistent link: https://www.econbiz.de/10008545815

A Modern Framework for Measuring Poverty and Basic Economic Security

Fremstad, Shawn - Center for Economic and Policy Research (CEPR) - 2010

This report details how the dominant framework for understanding and measuring poverty in the United States has become a conservative one. The current U.S. approach to measuring poverty views poverty only in terms of having an extremely low level of annual income, and utilizes poverty thresholds...

Persistent link: https://www.econbiz.de/10008565798

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

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

During the negotiations over raising the debt ceiling, President Obama proposed cutting the annual cost of living adjustment for Social Security by switching to an index that would show a lower measured rate of inflation. This alternative index, the chained consumer price index (CCPI-U), shows...

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

Millions of American workers are poorly compensated for the work they do. This is not because they do not work hard or deserve adequate compensation. Rather, it is due to a political failure to ensure that increases in economic growth and productivity over the last several decades have been...

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

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

The Impact on Inequality of Raising the Social Security Retirement Age

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

There have been a number of proposals in policy circles that involve raising the Social Security retirement age. This is viewed as both a way to reduce or eliminate the projected shortfall in the program and also a response to projected increases in longevity. This paper examines the impact of...

Persistent link: https://www.econbiz.de/10010556771

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

Raising the Social Security Payroll Tax Cap: How Many Workers Would Pay More?

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

On January 1, the maximum amount of annual earnings subject to the Social Security tax – a.k.a. the payroll tax cap – increased to $113,700. Every year, this cap is adjusted to keep up with inflation. Many Americans are not aware that income above the cap is not taxed by Social Security. In...

Persistent link: https://www.econbiz.de/10010604616

Hard Work? Patterns of Physically Demand Labor Among Older Workers

Rho, Hye Jin - Center for Economic and Policy Research (CEPR) - 2010

Employment in physically demanding jobs or in jobs with difficult working conditions is a major cause of early labor-market exit among older workers. Raising the retirement age is particularly concerning for near-retirement age workers with such jobs. Despite the fact that the retirement age...

Persistent link: https://www.econbiz.de/10008492934