Headlines
Social Security Insolvency Needs “Attention, Not Panic”
It seems every day we see a new report on Social Security’s rapid descent toward financial insolvency, with many recent articles reinforcing the probability of a 2032 full depletion date for the trust funds. The projections for benefit cuts that…
Digesting President Trump’s Retirement Plan Announcement
An estimated fifty million Americans have no formal retirement plan, and the average person receiving retirement benefits collects roughly $24,000 per year[1]. Accordingly, most retired workers rely on Social Security as a significant portion of their retirement income. For many…
CBO Weighs In on Insolvency Projections
Although the official 2026 Social Security Trustees Report is still weeks away, most insolvency forecasts have been centered on 2032 as the date of full depletion for the program’s trust fund reserves. The Congressional Budget Office (CBO) recently cemented this…
Social Security Insolvency: A Contrarian Viewpoint
Social Security’s looming insolvency is drawing increasing attention in a growing number of media outlets, including those affiliated with prominent think tanks providing policy assistance to legislative bodies. Within this swell of attention, there seems to be a consistent view,…
Social Security Solvency: Is Social Security Going Bankrupt?
Mention Social Security, and you’re likely to encounter the rumor that the program is headed for bankruptcy. Here’s the real story. The AMAC Foundation’s Social Security Advisory Service fields thousands of questions yearly from the public, and many of these deal with basic misunderstandings about Social Security and…
How Social Security Death Data bolstered Treasury’s Do Not Pay system
Improper payments by the federal government are not a new phenomenon. Improper payments have been a longstanding, widespread, and significant problem, costing taxpayers an estimated $2.8 trillion in the last two decades. To reduce these improper payments, a pilot program…
Number one concern for retirees
The number one concern for retirees is not having enough money saved to maintain their desired standard of living in retirement. This concern is so prevalent that it ranks above other common worries like high medical bills, debt, or even…
The myths of Social Security Trust fund
Will social and legacy media outlets be the downfall of the Social Security system with their perpetuated myths and fearmongering? The fact is that the Social Security Trust fund is projected to reach insolvency in 2032, forcing 24 percent across-the-board…
Waiting only makes the changes larger and more difficult
The Congressional Budget Office (CBO) regularly publishes reports presenting its baseline projections of what the federal budget and the economy would look like in the current year and over the next 10 years if laws governing taxes and spending generally…
Data Breaches and Social Security
A Complex Online World It’s a complex electronic world we live in today, with nearly all organizations transitioning rapidly to online services. We are often encouraged to do our banking, manage our investments, renew our licenses, and pay our monthly…