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addition adjustments American amount annual assets assistance average basis beneficiaries Chairman changes Committee continue contribution cost Council couples covered disabled early retirement earnings economic effect elderly employment estimated expected expenditures fact families Federal financing funds future going Government head higher hospital important improve income increase individual inflation issues labor less living lower major means median Medicare ment million month old age older paid payments percent period persons poor population possible poverty present private pension problem projected proportion proposals question raised reasons receive recommendations reduced relative Research retirement rising savings Senator share Social Security Administration social security benefits Source standard status survey task force United wage widows women workers younger
Page 183 - ... in a public institution. They tend to be older than beneficiaries, whereas those with full-time employment tend to be younger. Although the great majority of the aged are at least partially retired, earnings still account for a sizable share of the income of the total aged population. In 1962, earnings accounted for 32 percent of the aggregate money income of all persons aged 65 and over and their spouses. Benefits under OASDI ran a close second to earnings as a proportion of their aggregate...