Social Security Bulletin, Vol. 66 No. 4
This article assesses the prospects for retirement security among Social Security beneficiaries in 2022 and 2062. In absolute terms, beneficiaries in 2062 will be better off than those in 2022, at least assuming Social Security benefits scheduled under current law. Relative measures of well-being, however, suggest a decline in well-being between 2022 and 2062. Projected improvements over time would lessen, and declines would be exacerbated, if Social Security benefits are reduced according to what is payable under current-law taxes.
Connections between receipt of Temporary Assistance for Needy Families (TANF) and Supplemental Security Income (SSI) are widely discussed in both policy and poverty research literatures, but reliable data on the extent of this interaction are scarce. This article contributes to analysis of the interaction between TANF and SSI by evaluating the financial consequences of TANF-to-SSI transfer and developing new estimates of both the prevalence of receipt of SSI benefits among families receiving cash assistance from TANF and the proportion of new SSI awards that go to adults and children residing in families receiving TANF-related benefits. The connections are substantial and justify collaboration between the Social Security Administration and TANF authorities both nationally and locally in improving the programs' interface.
This article examines the demographic challenge of an aging population on the U.S. Social Security system and the well-being of the elderly. It describes policy implications and some potential policy solutions to this challenge.