Would the proposal provide adequate income for these people to live?
Alternatively, would significant new resources go to those who do not really need them?
The Ten Adequacy Adjustment Options
A) Establish a minimum benefit through the tax system.
B) Provide a flat credit for unpaid/low-paid caregivers of children.
C) Establish a minimum benefit based on covered quarters (for long-time low wage workers).
E) Enhance survivor benefits for couples with similar earnings.
F) Provide a benefit boost for long-term beneficiaries.
H) Provide a benefit boost to older beneficiaries.
(Note: option F above includes long-term Disability Insurance beneficiaries, option H does not.)
I) Exclude years spent providing unpaid care to children from the benefit calculation.
J) Use the CPI-E to compute the annual COLA for Social Security.
Adequacy adjustments that boost benefits for long-term beneficiaries are more effective at directing additional benefits towards older beneficiaries.
How Do Americans View Social Security?
Will Social Security Retirement Benefits Keep Up with Inflation?
