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Title: Has Social Security Been Effective?

Citation Type: Dissertation/Thesis

Publication Year: 2017

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Abstract: There are three divisions of Social Security: Old-Age, Survivors Insurance, and Disability Insurance.1 Social Security was created in 1935, while the Disability Insurance was added in 1956. Social Security was never intended to be the sole form of income during retirement; it was designed to supplement other forms of savings. The poverty rate for Americans over 65 has decreased from 35 percent in 1959 to 10 percent in 2013. Of the 10 percent in 2013, the majority were females. Four adjustments to the Social Security Program that are often discuss include the tax rate, the income cap, the cost-of-living adjustment, and the age of eligibility. Increasing the tax rate and income cap would increase the revenue of the program. Decreasing the cost-of-living adjustment . . .

Url: http://digitalcommons.buffalostate.edu/economics_theses/25

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Authors: Danwin, Matthew V

Institution: Buffalo State University

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Data Collections: IPUMS USA

Topics: Other, Poverty and Welfare

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