4/4/2016 – As the poor die earlier, Social Security isn’t paying off

Apr 04, 2016 Comments Off by

Death and taxes may be inevitable, but they hit the rich and poor in different — and sometimes unfair — ways.

That’s increasingly evident with the expected life spans of today’s workers, given that low-income Americans are projected to die as many as 13 years earlier than their wealthier cohort, while a century ago the rich and poor had relatively identical lifespans, according to new research into longevity and retirement from the Government Accountability Office.

The growing gap between the lifespans of the rich and poor is eating away at the benefits that poor workers can expect from Social Security, the report found.

Read the full article at CBS MoneyWatch.

Financial Security 2016, Longevity News 2016

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