title: Social Security and SSI as safety nets for the elderly poor.
abstract: Partial privatization of Social Security is being considered as an integral part of the future Social Security program for American retirees. Because privatization creates uncertainty about the amount of retirement income that future retirees may expect to receive, the issue of a safety net is critical. This article presents the findings from an empirical study that investigated the degree to which the current Social Security and Supplemental Security Income (SSI) programs provide a safety net, separately and in combination, to the elderly poor. The major findings were that the Social Security program not only increases the income statuses of both posttransfer and pretransfer poor elderly people considerably, but that the program also significantly equalizes the distribution of income among them. In addition, the SSI program supplements the Social Security program in establishing an even greater safety net, especially for posttransfer poor elderly people. On the other hand, Social Security benefits make the income disparity among races greater between both posttransfer and pretransfer poor elderly people. Implications for policy are discussed.
authors.affiliation: George Warren Brown School of Social Work, Washington University, Campus Box 1196, One Brookings Drive, St. Louis, MO 63130, USA. awazo@gwbmail.wustl.edu
authors.forename: Martha N
authors.initials: MN
authors.lastname: Ozawa
authors.forename: Hong-Sik
authors.initials: HS
authors.lastname: Yoon
mesh_terms: D017677:Age Distribution; D000368:Aged; D005260:Female; D006801:Humans; D007182:Income; D008297:Male; D011203:Poverty; D012044:Regression Analysis; D017678:Sex Distribution; D012943:Social Security / Q000191:economics* / Q000639:trends; D014481:United States