Means Testing For Social Security
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(0)Overview: Since Social Security was established in 1935, the program has paid benefits to all retired participants and beneficiaries under uniform formulas based on participants’ wages in covered employment, without regard to recipients’ wealth or other non-wage income. This concept of Social Security as an earned right has helped ensure its high level of public support. Recently, public attention has increasingly focused on Social Security’s long-range financial problems. A wide variety of possible reforms have been proposed to eliminate all or a portion of Social Security’s long-range financial deficit.
