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How Would the President’s Fiscal Commission Change Social Security?

Late last year President Obama’s fiscal commission proposed sweeping changes to Social Security to improve the program’s financial footing. Our new research shows that these reforms would substantially reduce scheduled benefits for high-income seniors several decades from now but largely shield those near the bottom of the income distribution. Read more.

 

Old-Age Poverty Persists

In this commentary for New York Times Room for Debate, Institute fellow Sheila Zedlewski explains that many of the nation's 41 million seniors live in or very near poverty and many have assets mostly tied up in their houses. Policy makers must be ever mindful of that diversity when considering changes in policy that would affect retirement income security. Read more.