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Working Wives Reduce Social Security Replacement Rates

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Author Info
Alicia H. Munnell (Center for Retirement Research, Boston College)
Geoffrey Sanzenbacher
Mauricio Soto

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Abstract

The general perception is that the Social Security program expanded significantly in the 1970s and today benefits are much higher relative to pre-retirement earnings than they were prior to that expansion. Indeed, the Social Security Trustees Report shows that the replacement rate — benefits as a percent of pre-retirement earnings — for the average worker rose from about 30 percent in 1970 to about 40 percent in 1980, where it remains today...

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File URL: http://crr.bc.edu/images/stories/Briefs/ib_7-15.pdf
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Publisher Info
Paper provided by Center for Retirement Research in its series Issues in Brief with number ib2007-7-15.

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Length: 8 pages
Date of creation: Aug 2007
Date of revision: Aug 2007
Handle: RePEc:crr:issbrf:ib2007-7-15

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  1. Alicia H. Munnell, 2003. "The Declining Role Of Social Security," Just the Facts jtf-6, Center for Retirement Research. [Downloadable!]
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This page was last updated on 2009-10-18.


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