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| The 'Other America' May Be Coming Back with Changes in Social Security Benefit Formulas The Washington Post; subscription may be required  Jan. 5, 2005 Excerpt: There's no great mystery to unravel here. Above all, what changed the lives of America's senior citizens were the significant increases in Social Security benefits enacted in the 1960s and '70s, and the indexing of those benefits to average wage growth. But since the Bush administration is reportedly soon to propose ending that indexing, and replacing it with a different formula that would greatly reduce benefits, it's worth taking a moment to look back at senior poverty as it[.] |
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