Suchergebnisse

The effect of four occasionally resurfacing policy proposals on the economic well-being & poverty status of the low-income aged is analyzed by employing a 1974 Social Security Administration interview sample (N = 3,042). The proposed changes are: (1) a restructuring of the Social Security benefit formula, (2) an increase in the Supplemental Security Income (SSI) benefit level, (3) including the annuity value of net worth in SSI countable income, & (4) a mandatory defined contribution pension plan. Cash equivalent values of Medicare, Medicaid, & Food Stamps, & an annuity value of liquid & illiquid assets are included in the measure of economic well-being. Including these in well-being reduces measured poverty among 1974 low-income aged households from 26% to 7%. 4 Tables, 27 References. Modified AA.