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Changing Social Security in the US: Rising Insecurity?

Published online by Cambridge University Press:  19 September 2012

Madonna Harrington Meyer
Madonna Harrington Meyer*
Affiliation:
Center for Policy Research, Syracuse University E-mail: [email protected]
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Abstract

Although poverty rates among the elderly in the US are at an all-time low, many face rising fiscal insecurity. The US welfare state is being remodeled in market-friendly ways that maximise individual choice, risk, and responsibility, rather than family friendly ways that maximise shared risk and responsibility and reduce insecurity. This article analyses how each of the main sources of income for the aged are being either frozen or shrunk in ways that are likely to increase inequality and insecurity in the years ahead among the elderly, particularly those who are female, black and/or Hispanic, and unmarried. The article assesses various policy changes for their capacity to either increase or decrease financial insecurity and inequality, particularly for those with a life time of lower earnings, more labour force disruptions and greater responsibility for providing unpaid care work for the young, disabled or frail elderly.

Type
Themed Section on Rethinking Retirement Incomes: Inequality and Policy Change in the UK and Anglo Saxon Countries
Information
Social Policy and Society , Volume 12 , Issue 1 , January 2013 , pp. 135 - 146
Copyright
Copyright © Cambridge University Press 2012

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