Founded in 1968 (click here) to understand the problems facing America’s cities and
assess the programs of the War on Poverty, the Urban Institute brings
decades of objective analysis and expertise to policy debates — in city
halls and state houses, Congress and the White House, and emerging
democracies around the world. Today, our research portfolio ranges from
the social safety net to health and tax policies; the well-being of
families and neighborhoods; and trends in work, earnings, and wealth
building. Our scholars have a distinguished track record of turning
evidence into solutions.
The Urban Institute Officers and Trustees (click here).
Source: OCACT (2013), based on intermediate assumptions of the
2013 Trustees’ Report; policy change effective 2014. Options that
increase to 90 percent of total earnings are phased in from 2014 to
2023.
Destroying the global economy sincerely had a dividend to the wealthy and Wall Street in ways only imaginable in fairy tales.
Between 1983 and 2008, (click here) the share of total wages covered by Social Security and subject to tax has declined from almost 90 percent to about 83.5 percent because earnings have grown rapidly near the top of the earnings distribution.
There was a significant loss in HOLDINGS by the Social Security Fund due to the 2008 Great Recession. So, compounding that reality is the loss of future earnings by the fund and the fall in salaries in the USA has shrunk the income base to the fund. While the banks were bailed out, the SSI fund was not.
Raising the cap is the best method of returning the fund to pre-2008 levels including lost interest from 2008 to date and relieves the concern for the future.
The Urban Institute Officers and Trustees (click here).
Destroying the global economy sincerely had a dividend to the wealthy and Wall Street in ways only imaginable in fairy tales.
Between 1983 and 2008, (click here) the share of total wages covered by Social Security and subject to tax has declined from almost 90 percent to about 83.5 percent because earnings have grown rapidly near the top of the earnings distribution.
There was a significant loss in HOLDINGS by the Social Security Fund due to the 2008 Great Recession. So, compounding that reality is the loss of future earnings by the fund and the fall in salaries in the USA has shrunk the income base to the fund. While the banks were bailed out, the SSI fund was not.
Raising the cap is the best method of returning the fund to pre-2008 levels including lost interest from 2008 to date and relieves the concern for the future.
