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Political Factoid
Social Security benefits
for higher-paid workers
should be reduced (actuarially).
"Wealthier socioeconomic groups
recently show more longevity
improvements than poorer
socioeconomic groups."
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Donald Fuerst
Senior pension fellow
American Academy of Actuaries
Testifying before the
U.S. Congress
2013-June-02
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In other words, the life expectancy for
higher-paid people is increasing faster
than it is for the average person. Thus,
higher-paid people will receive Social
Security benefits longer than the average
person.
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