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View Diary: US already has high elder poverty rate, so why are Social Security cuts even on the table? (223 comments)

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  •  "It could be worse" (2+ / 0-)
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    divineorder, Mr Robert

    Rationales seem to include that the poverty rate for the elderly has gotten so much lower, as the comparision in your diary shows the changes from 1968 to the present.

    There is also the fact that the poverty rate for seniors is lower than for other age demographics.  (This also leads to the common argument that we will be saddling our grandchildren with crippling debt to keep us boomers in the style to which we have become accustomed)
    Children 18 and under        27%
    Adults 19 - 64                   19%
    65+                                  12%

    Of course, there is the counter argument that things would be worse without SS.

    Without Social Security, 21.4 million more Americans would be poor,
    Without Social Security benefits, 43.6 percent of elderly Americans would have incomes below the official poverty line, all else being equal; with Social Security benefits, only 8.7 percent do.  These benefits lift some 14.5 million elderly Americans — including 8.7 million women — above the poverty line.

    "No one life is more important than another. No one voice is more valid than another. Each life is a treasure. Each voice deserves to be heard." Patriot Daily News Clearinghouse & Onomastic

    by Catte Nappe on Tue Jan 15, 2013 at 08:34:45 AM PST

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