Ms. Joan Entmacher, Vice President for Family Economic Security, National Wen’s Law Center, talks about the risks of progressive price indexing.

Posted by Staff on April 26, 2005 |

Entermacher, speaking at the Senate Finance Committee, explains that right now social security replaces about 40% of the average earner’s pre-retirement income, Entermacher says that what progressive price indexing does is shrink that percent giving workers in the future a lower standard of living. She goes on to say that people would be only able to rely on social security for 20% or 15% or 10% of their income. (:45)

 
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April 26, 2005
« Sen. Hillary Rodham Clinton (D-NY) talks about the Pentagon’s reasons for not supporting an expansion of the TRICARE system.
Mr. Robert C. Pozen, Chairman of MFS Investment Management, discusses how Progressive indexing would work for social security. »
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