Gregory Huber

One in Ten Have No Job. More Have No Security.
July 22, 2010

You may not be familiar with Mollie Orshansky. But you’re probably familiar with her work. Orshansky was a researcher and statistician who joined the Social Security Administration in the late 1950s. One of her jobs was to measure income adequacy and, in the early 1960s, she devised a formula based roughly on three times the price of a basic, nutritionally sufficient diet. It was a crude formula, based on previous research showing that people spent roughly a third of after-tax income on food. But it was good enough.