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View Diary: Social Security Rashomon: an Actuary, a Defender and a Reformer Meet (33 comments)

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  •  Those are 2003 dollars (4+ / 0-)

    that is adjusted for projected imflation. The nominal dollar amount of that $25000 will be much higher.

    The best way to think of it is in basket of goods terms, under the current schedule retirees at the end of the 75 year window would be able to buy nearly twice as many goods. or perhaps better quality goods in a way that would more than offset the drag from Chained CPI.

    And 60 years ago candy bars were 5cents. your prices being more representative of prices 50 years ago. not that either matters when you are using constant 2003 dollars. As here

    socialsecuritydefender.blogspot.com - SocSec.Defender at gmail.com - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

    by Bruce Webb on Mon Dec 31, 2012 at 08:31:07 PM PST

    [ Parent ]

    •  Oh please (0+ / 0-)

      It's a cut and a large one over time. Stop just to dress the pig up.

      "The real wealth of a nation consists of the contributions of its people and nature." -- Rianne Eisler

      by noofsh on Tue Jan 01, 2013 at 02:29:05 PM PST

      [ Parent ]

      •  From what baseline? (1+ / 0-)
        Recommended by:
        Zinman

        Which is the point.

        I am not trying to dress the pig up, I am pointing out some little known facts about scheduled vs payable benefits.

        Don't find them useful? Fine. But you don't need to go to motive against me. Don't confuse explication with expiation. I just think that actually knowing exactly what one is talking about it important.

        Others' views may vary.

        socialsecuritydefender.blogspot.com - SocSec.Defender at gmail.com - founder DK Social Security Defenders group - (hmm is there a theme emerging here?)

        by Bruce Webb on Tue Jan 01, 2013 at 07:51:58 PM PST

        [ Parent ]

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