âWithout Social Security, would most workers actually save enough to escape ... low savings rates and our history of h
Social Security: Important America's Most Important Anti-Poverty Tool America's Most Anti-Poverty Tool
SOCIAL SECURITY 21,400,000 Americans are lifted out of poverty by Social Security
1,246,000 of them are older Californians
1,107,000 Children under 18
5,829,000 Adults 18-64
14,480,000 Adults 65+
Source: Center on Budget and Policy Priorities based on data from the U.S. Census Bureau, Current Population Survey, March 2012.
“Without Social Security, would most workers actually save enough to escape poverty or live independently? It’s hard to answer this question, although the evidence—Americans’ disappointingly low savings rates and our history of high poverty rates before Social Security— suggests many people wouldn’t save enough.” Alison Shelton, AARP Public Policy Institute
