Social Security Has Become Less Progressive, Study Finds
Social Security has become less progressive because of the growing mortality gap between the rich and the poor, finds a new study.
A Center for Retirement Research at Boston College report says lifetime benefits for higher socioeconomic status people have greatly increased, while falling or staying stagnant for lower earners.
But, the study says poorer people have greater life expectancy in places with better environments, more positive health behavioral norms, and a greater commitment from the government to public health. Social Security’s progressivity could be restored if those factors are improved upon.