Steve Rattner's Defective Social Security Chart in NYT

Steve Rattner had a series of mostly useful charts in the NYT this morning describing the state of the economy. The major exception is the one on Social Security shown below.


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It is not clear what information this chart is supposed to convey. The average annual benefit in 2012 for a retired worker was $14,760 according to the Social Security Administration. It's not clear where Rattner got $23,135. The chart also shows adopting a chained CPI, presumably for adjusting the annual cost of living...

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Published on January 01, 2013 05:37
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