Jed Graham: “Don’t Get Social Security Reform Backward”

Jed Graham of Investors Business Daily makes a nice point: many Social Security reform proposals reduce Cost of Living Adjustments (COLAs), but this results in big benefit cuts for the oldest retirees – who rely more on Social Security and are in greater danger of falling onto poverty – while not cutting benefits at all for the youngest retirees, who often could continue to work.

Jed’s piece – available here – is worth a read.