Social Security Replacement Rates and Other Benefit Measures: An In-Depth Analysis

Congressional Budget Office

No 55038, Reports from Congressional Budget Office

Abstract: In this report, CBO examines whether Social Security benefits enable retired workers to meet their basic needs and the extent to which benefits replace preretirement earnings. Focusing on workers with long careers, CBO finds that those benefits enable most of those workers to cover their essential living expenses as measured by the official federal poverty threshold. However, the extent to which benefits replace preretirement earnings varies substantially, depending on the way benefits and earnings are measured.

JEL-codes: H55 I32 J26 (search for similar items in EconPapers)
Date: 2019-04-16
New Economics Papers: this item is included in nep-age and nep-dem
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Citations: View citations in EconPapers (2)

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