Headlines
Examining the Biden Platform’s Social Security Tax Plan
As we’ve been saying for some time on this website, Social Security reform is likely to take on a new level of priority when the 117th Congress opens up for business in January. And the Joe Biden campaign platform included a…
Biden Administration Spending Plan Has One Common Denominator: Social Security
Writing on thehill.com, Douglas Carr, a financial markets and macroeconomics researcher with experience as a think tank fellow, professor, executive and investment banker, takes a look at what could constitute a spending wish list for president-elect Joe Biden, suggesting that there…
An Opportunity for the Next Presidential Administration
Looking ahead to the next Presidential Administration, it’s clear that despite the post-election unknowns, America’s Social Security program occupies a place of prominence on the list of critical issues. Although “officially” targeted for insolvency by 2035, most financial analysts who’ve…
AMAC’s Revamped Social Security Guarantee Now More Important Than Ever
The election may be in the rear view mirror, but Social Security’s long term problems await action by the President and Congress. AMAC believes the promise to guarantee Social Security for all Americans must be kept. Our goal since first…
Is It Fair That Social Security Benefit Accruals Stop After 35 Years Of Work History?
In a very different kind of piece, Elizabeth Bauer of Forbes dives into the 35 year averaging of Social Security work history. She notes the program is not the same as a private pension system but is social insurance nonetheless. …
Today is Veterans Day
This Veterans Day we proudly celebrate the service of all U.S. military veterans. This federal holiday differs from Memorial Day, where we honor those who have died while in military service, and Armed Forces Day, where we honor those currently serving in the U.S. military. Veterans Day began as…
Biden’s plan to boost Social Security & Medicare already wobbly
This informative, comprehensive article by Paul Brandus of MarketWatch starts out noting Joe Biden did not have the coattails he thought he would. Democrats lost seats in the House and will likely be in the minority in the Senate. Add to the mix…
What will one’s NET Social Security increase be in 2021?
Medicare and Social Security are so intertwined that a common question we here at The AMAC Foundation get is this: “what will my net Social Security increase be?” That is, people seek to know how their monthly check will increase after…
SS Recipients Losing Buying Power
In this Kearny (NE) Hub article, contributor Maurie Backman discusses the issue of seniors on Social Security losing buying power, largely because Social Security Cost of Living Adjustments (COLAs) don’t keep pace with rising healthcare costs. Statistically, COLA increases have…
Possible Future Changes to Social Security
It has been quite widely reported that Social Security is facing some financial issues in the future, largely because the ratio of workers paying into the system is shrinking, while an ever-growing average life expectancy means that SS recipients are collecting…