How Not to Fix Social Security

Some people figure that we can “fix” Social Security by implementing a means test where we would not pay out Social Security to individuals that do not need it. A paper by CEPR debunks the myth by explaining that a means test  Below is the executive summary. The full article is here. The vast majority of Social Security benefits go to relatively low and middle class people. More than 75 percent of benefits go to individuals with non-Social Security incomes of less than $20,000 a year. More than 90 percent…

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