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Building on Social Security's Success

Date Published: 
Monday, January 1, 2007
Virginia Reno

Building on Social Security's Success, by Virginia Reno, November 2007. EPI Briefing Paper #208.
"Virginia Reno makes the case for expanding Social Security benefits, showing that U.S. seniors have lower replacement rates from Social Security and are more likely to be poor than are seniors in other advanced economies. Benefit cuts already enacted and growing obligations for Medicare cost-sharing mean that seniors will need higher benefits in the future just to maintain replacement rates that retirees have attained for the past 25 years; and the rest of the retirement system is becoming less adequate and is subjecting workers to more risks."