Life Expectancy and Social Security
The U.S. Government Accountability Office put out a new report showing how average life spans impact Social Security benefits and expected earnings through the program. The study shows that those with shorter life expectancy earn lower lifetime benefits. This demographic has an overlap that exacerbates the problem, low-income workers live shorter lives on average than higher-income workers. They not only earn lower benefits based off of income history, but also do not collect benefits for as long. These workers also tend to need to start taking their benefits earlier, meaning even further reduced benefits because of the way the filing system works. For more information on this topic, visit this report with The U.S. Government Accountability Office.