Social Security Helped Slash Elderly Poverty to 9.2 Percent in the 20th Century – that Triumph is now in Jeopardy

My research shows job opportunities are increasing most rapidly in positions that pay less than US$30,000 thanks to automation as well as the growing demand for personal services – and the accompanying low wages. These types of jobs do not share as much in the fruits of economic growth.

What Does Fixing Social Security Mean?

Fixing Social Security is not rocket science.  There is money available to fix it.  Consider the $1.3 trillion of annual tax expenditures that are made each year.  While some of these benefit low income households, it is estimated that over half benefit higher income households.  Annual expenditures on Social Security are about $946 billion, so taking a knife to tax expenditures that favor the wealthy has promise.