December 03, 2004

Hand Up In Front!

Q. So if you indexed Social Security benefits to inflation rather than to wage growth, wouldn't that mean that the income drop-off from work to retirement becomes steeper and steeper over time?

Why isn't that a problem again?

(Er... devoted readers will recall that I've advocated something similar in the past. Even provided some historical context. Yes, true. But the rule is: once all the cool kids get on board, the contrarian pen flashes from its scabbard, and I'm obliged to ask naive-sounding questions.)
-- Brad Plumer 8:48 PM || ||