Social Security benefits rose about 80% from 1970 to 1980, outpacing inflation and wages after a 1972 formula error, says Andrew Biggs. Congress later clawed back only about half of the increase.
published
Social Security benefits rose about 80% from 1970 to 1980, outpacing inflation and wages after a 1972 formula error, says Andrew Biggs. Congress later clawed back only about half of the increase.
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