Report
Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.
Center for Economic and Policy Research
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May 2005, Dean Baker and David Rosnick
This paper calculated rates of return for wage earners corresponding to Social Security Administration’s definition of low-, medium-, high- and maximum-earners. It finds that the “progressive indexation” proposal endorsed by President Bush would reduce the rate of returns that most workers would receive from Social Security, even with private accounts.