Social Security Keeping 20 Million Americans Out of Poverty
|August 25, 2010||Posted by M. P. under Elderly, Policy||
Any talk of revising or replacing Social Security has been considered the “third rail” in politics, but these uncertain financial times have made such discussions more common (and frankly, welcome) as a real policy consideration for future generations. Still, the crucial role Social Security plays in raising segments of the population above the poverty line needs to fully grasped before alternative plans can be designed and vetted.
Currently, Social Security is keeping 20 million Americans (over 13 million over the age of 65, 1.2 million children) out of poverty according to a brief by Paul N. Van de Water and Arloc Sherman at the Center on Budget and Policy Priorities. In Pennsylvania alone it keeps 717,000 elderly persons above the poverty line. An end of or curtailment to Social Security will certainly have some impact on nonprofit organizations in the areas of service need, workforce and funding.
For additional information, a podcast of an interview with the brief’s author Paul N. Van de Water is also available on the Center’s site.