Wealth Gap and Social Security

When looking at data concerning Social Security it is mostly centered around averages and medians. For example, there are many reports that use average saves and median incomes in discussing how well off todays retirees are. However, this trivializes those on the outer portions of the bell-curve. Either end of the bell-curve can be summed up in their own demographics. One end represents the rich and the other the poor. This creates a disparity in the number of people that are dependent on Social Security as a sole source of income. This has spurred much of the debate in the income inequality discussion of recent years. For more information on this topic, visit this article by Howard Gleckman with Forbes.


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