National Academy of Social Insurance December 7, 2020 According to the Organisation for Economic Cooperation and Development’s influential Pensions at a Glance, the United States has a gross retirement income replacement rate for average-income workers of 70.3 percent (see table 5.3). On the face of it, a 70.3 percent replacement rate is impressive. It matches the 70Continue reading “OECD’s Misleading Retirement Replacement Income Statistic for the United States”
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What’s Missing from the Social Security Expansion Proposals
Democrats, looking forward to possible Congressional and White House victories in 2020, have embraced expanding Social Security after years of defensively fending off privatization and cutback threats. The Social Security 2100 Act, with 209 co-sponsors, is waiting in the wings. It would make needed revenue increases, including raising the cap on labor income taxed, to stabilizeContinue reading “What’s Missing from the Social Security Expansion Proposals”