Social Security Report

Is Social Security a form of progressive wealth redistribution?

If you’re familiar with Social Security’s formula for computing benefits, you’re aware that it is weighted to provide proportionately higher replacement income to those with a lower lifetime average income. Conversely, those with a higher lifetime average income see a proportionately lower percentage of their working income replaced. But, does that alone mean that the program is progressive? Or do other mitigating factors provide more balance? In this article by Russ Wiles of the Arizona Republic appearing in AZCentral.com, the author examines whether Social Security is truly a progressive program which redistributes wealth, or a more balanced program which is good for all. Click here to read more.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.