Social Security Wealth and Federal Liabilities
Loading...
Date
2021-02-15
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
In the U.S., wealth inequality has risen in recent years. However, past estimates of wealth inequality tend to ignore Social Security benefits – even though these accrued benefits are almost 40% of the size of conventional measures of household wealth. In this summary article on working paper 2011, authored by Andrew J. Rettenmaier, accrued Social Security benefits are imputed to households in the 2016 Survey of Consumer Finances to determine the degree to which they reduce wealth inequality.
Description
Labor
Keywords
Social Security, inequality, wealth, income, Labor