“How much do retirees really depend on Social Security? Far less than you’d think,” by Andrew G. Biggs, American Enterprise Institute

Quote:

“The reality is that relatively few retirees – only about one in seven – receive all or nearly all of their income from Social Security. Others are far less dependent on the program. That doesn’t mean we can slash benefits indiscriminately to restore Social Security’s solvency; see here for how I would do it. But it does mean we shouldn’t let inaccurate data inform our decisions on how to fix Social Security.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):  Interesting article on how ideologues distort government data to make seniors look poorer than they are and to advocate for higher Social Security payroll taxes.

How much do retirees really depend on Social Security? Far less than you’d think

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