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Growing the Social Security Crisis: The Social Security Administration's Poverty Rate Projections

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Publication Date: January 2005

Publisher(s): Center for Economic and Policy Research

Author(s): Dean Baker; Mark Weisbrot

Topic: Economics (Property and wealth)

Keywords: Elderly; Retirement benefits; Wage inequality

Type: Report

Coverage: United States

Abstract:

This paper enumerates the flaws in a recent study by the Social Security Administration that relied on questionable assumptions to conclude that a projected shortfall in Social Security in 2042 would double the senior poverty rate from 2 to 4 percent.