Using the Dynamic Simulation of Income Model, we project how Social Security benefits and payroll taxes would change were Congress to enact the National Commission on Fiscal Responsibility and Reform's proposal. We show benefits at several points in time and relative to pre-retirement income, a...

An increasing number of Americans are entering old age with outstanding debt, forcing many retirees to devote some income to servicing their debt and leaving them with less to cover daily living expenses. Using Health and Retirement Study (HRS) data, this brief reports that the share of adults...