Resetting Social Security
Bibliographic Data
| ID | 9685684 |
|---|---|
| Authors | Jay Olshansky (0000-0001-6956-5518, American Medical Association, corresponding author), S Jay Olshansky (S. JAYOLSHANSKY is Professor of Epidemiology at the School of Public Health, Division of Epidemiology and Biostatistics at the University of Illinois at Chicago. He has published articles in such journals as The New England Journal of Medicine, JAMA: The Journal of the American Medical Association, Science, The Scientist, Scientific American, and Health Affairs), Dana P Goldman (0000-0001-8498-6396, The Centre for Health (New Zealand)), John W Rowe (0000-0002-3620-6612, Institute for the Future) |
| Year | 2015 |
| Volume | 144 |
| Issue | 2 |
| Pages | 68-79 |
| Publication date | 2015-04-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Daedalus (JOURNAL) |
| Journal identifiers | ISSN: 0011-5266 • E-ISSN: 1548-6192 |
| Publisher | MIT Press - Journals (PUBLISHER) |
| DOI | 10.1162/daed_a_00331 |
| OpenAlex | W1988817525 |
| Language | EN |
| Citations received | 2 |
| References cited | 4 |
Social Security retirement benefits were first introduced in 1935 as a financial safety net for a large and rapidly growing older American population. The program was intended to be economically selfsustaining, but population aging and rising life expectancies threaten the program's solvency. The 1983 Social Security Amendments mandated that the full retirement age increase to 67 by the year 2027. In this essay, we present evidence demonstrating that the rate of improvement in life extension at older ages accelerated after 1983. If the 1935 ratio of working years to retired years is maintained, early and full retirement ages of 66.5 and 69.4, respectively, were justified in 2009. Additional delays in the age of eligibility beyond those currently in effect would place significant financial burdens on individuals with lower life expectancies, the poor and near-poor, and the very old, and – absent additional reform – would exacerbate existing unequal access to entitlements within the system
Business · Demographic economics · Economics · Financial Security · Pension · Population · Population ageing · Retirement age · Social security · Sociology · Solvency · Demography · Finance · Financial Literacy, Pension, Retirement Analysis · Global Health Care Issues · Retirement, Disability, and Employment
Differences In Life Expectancy Due To Race And Educational Differences Are Widening, And Many May Not Catch Up
Socioeconomic Disparities in Health Among Older Adults and the Implications for the Retirement Age Debate
Trends in Late-Life Activity Limitations in the United States
Trends in healthy life expectancy in the United States, 1970-1990
| Citations per year | 0.18 |
|---|---|
| Citation span | 2015 - 2019 (5) |
| Highly cited | No |