University of Wisconsin–Madison
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Minimum benefit plan for the elderly

While the Social Security program has greatly reduced poverty rates among those over age 65, there are still a substantial number of older Americans living in poverty. Those who are single, female, or African American are more likely to be poor in old age. We propose a targeted benefit to provide a minimally adequate income to the elderly, to be administered through the Social Security system. This plan would substantially reduce poverty among older adults at a relatively modest cost to the federal government.

Categories

Economic Support, Employment, Financial Security, Means-Tested Programs, Retirement, Social Insurance Programs

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