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Event 273 SS&H

Does Old Age Social Security Help Children? The Impact of Social Security on Child Well-Being
Lucie Schmidt, Smith College

Abstract: Though Social Security is typically considered a program to support retirees, nearly one in ten children live in a home with Social Security income. Children are substantially more likely to live with an older adult than they were two decades ago, and are twice as likely to report Social Security income in their household than traditional cash welfare. We use the sharp increase in eligibility for Social Security benefits at age 62 to investigate the role played by the Social Security program in childhood economic outcomes among children who live with older adults.