Whether you realize it or not, Social Security is probably this country’s most important social program. According to an analysis from the Center on Budget and Policy Priorities (CBPP), the mere fact that retired workers have a guaranteed income stream from Social Security (should they earn enough lifetime work credits) pushes the federal poverty level for the elderly down to 8.8%. Without Social Security income, an estimated 40.5% of retired workers would be living below the poverty line.
In addition, data from the Social Security Administration (SSA) finds that more than three out of five retired workers leans on Social […]
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