Headlines
Both Biden & Trump Social Security “fixes” miss the mark
Sean Williams has a piece that describes the stark reality of leaving the Social Security program alone– benefit cuts in excess of 20% in a decade. Williams notes that since 1985, the annually released Social Security Board of Trustees Report…
Need to have an honest conversation about Social Security
The presidential candidates are promising to preserve Social Security, but the reality is that if Congress does not take action by 2035, seniors will see a cut to their benefits. When discussing the Social Security insolvency issue, many myths about…
Is 40 the new 65?
Do you believe 40 is the new 65 when it comes to retirement? If so, you are not alone. According to a recent survey by Qualtrics, almost 25 percent of younger Millennials and Gen Z workers plan to retire by…
Workers want lawmakers to shore up Social Security
U.S. workers want lawmakers to address Social Security’s insolvency issue. In a recent report, 58 percent of workers said they want the President and Congress to fix Social Security. However, when asked what Congress should do, the response was mixed,…
Surprised With Your Low Social Security? You’re Not Alone
Social Security benefits only replace 33 to 55 percent of the average earnings for American workers. Social Security is the largest source of income for most beneficiaries and some, their sole source of income. With the current economic conditions, you…
Here’s the average age retirees claim Social Security
You can start receiving your Social Security retirement benefits as early as age 62; however, you are entitled to full benefits when you reach your retirement age. If you delay taking your benefits from your full retirement age up to…
Older Voters & Social Security: New poll results
Lorie Konish of CNBC explains the looming insolvency of Social Security and then notes it is an “up for grabs” issue for both parties in the 2024 election. Support on this issue is essentially tied between Democrats and Republicans. Konish…
The $600 Payment & COLA Scams Gain Traction. Experts Warn Watch Out.
Social Security scams are hardly new, though the level of sophistication is increasing. Jason Collins reports that the Social Security Administration (SSA) is coming out swinging on the latest one time $600 payment scheme. He notes the agency was receiving…
Yes. Social Security Retirement Age Should Be Raised
Rachel Greszler, a Senior Research Fellow at The Roe Institute, makes the case for raising Social Security’s full retirement age to 69 or 70 as a way to stave off insolvency. When the program was enacted, life expectancy at birth was 61…
Actuaries state Social Security cut will be $325/mo starting in 2033 without changes
That’s right, for the average Social Security recipient, benefit cuts of $325 per month begin in 2033 absent reform, according to the head actuaries for Social Security and Medicare, who testified before a House panel last week on the two safety net…