Latest News
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.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.