
Increased Wage Inequality Has Reduced Social Security’s Revenue
Rising economic inequality has pushed down Social Security’s revenues, but there are a few possible avenues to generating more revenue in order to preserve Social Security.
Nick Buffie is a policy analyst on the Tax and Budget Policy team at American Progress. He has a Master of Public Policy from the Harvard Kennedy School and a B.A. in economics and Spanish from Wesleyan University.
Before joining American Progress, Buffie worked as a research assistant at the Center for Economic and Policy Research; as an intern at the Institute on Taxation and Economic Policy; and as a policy adviser to Pete Buttigieg’s presidential campaign. His research has been cited in The New York Times, The Washington Post, and other nationally syndicated outlets, as well as in testimony before Congress. He enjoys writing for the general public and has published columns in The Hill, Business Insider, MarketWatch, Quillette, HuffPost, and various regional newspapers.
Rising economic inequality has pushed down Social Security’s revenues, but there are a few possible avenues to generating more revenue in order to preserve Social Security.
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