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Differing life expectancies are changing Social Security’s progressive design
Social Security, by design, is progressive program intended to benefit lower earners most. But according to an issue brief released this week by the Center for Retirement Research at Boston College, improvements in mortality are changing the progressive nature of the program. A key finding is that people with lower socioeconomic status “have seen relatively small improvements.” Higher earners are receiving Social Security benefits for a longer time. The full article from Pensions and Investments reviewing this new study is here.