Headlines
The Injustice of Ignoring Social Security's Problems
The severity of Social Security’s financial future is attracting increasing attention, especially as recent projections place the program’s OASI insolvency date within six years.
Tax Foundation: Fiscal Commission a Viable Solution to Debt Crisis?
A long-standing argument has held that future obligations related to Social Security and, of course Medicare, represent the pathway to a fiscal debt calamity.
2027 COLA Set at 3.6%
The Social Security Administration (SSA) today announced a 3.6 percent benefit increase for 2027. Social Security benefits include Old-Age, Survivors, and Disability Insurance (OASDI), and Supplemental Security Income (SSI). On average, Social Security retirement benefits will increase by $75 per month.
Overcoming Congressional Inertia: Here's an Idea
As Social Security’s financial situation continues its relentless march toward insolvency, Congress's inability to focus on the problem is creating substantial angst among seniors.
A Timely Benefit for Low and Moderate Earners: The Savor's Match
In December 2022, the SECURE 2.0 Act addressed the Saver’s Credit shortcomings with a program called the Saver's Match, a vehicle scheduled to largely replace the Saver's Credit.
Social Security Insolvency and the Implications for Younger Workers
Social Security’s looming insolvency and potential benefit cuts raise serious concerns for America’s seniors who depend on the program’s earned benefits. But what does this mean for younger workers?
The "Taxable Maximum" Argument Continues to Gain Momentum
The movement to “scrap the cap” seems to be growing, even though eliminating the taxable maximum serves a legitimate purpose.
Trump Accounts: A Pathway to an Easier Retirement?
“Nearly 43% of U.S. households led by individuals ages 55 to 64 have no retirement savings.” This stark comment, posted recently by Investopedia’s Sara Clarke, highlights a well-known problem many senior households face as they enter retirement.
DOJ Details Results of Fraud Crackdown
In a press release from its Office of Public Affairs, the U.S. Department of Justice outlined the results of a one-month, focused criminal investigation surge in which it brought charges against 17 defendants alleged to have committed fraud against Social Security. The total value of the fraud cases exceeded $1.3 million. “The Social Security Administration’s benefits programs are meant to safeguard America’s elderly and most vulnerable — not to bankroll fraudsters,” said Assistant Attorney General Colin M. McDonald of the Justice Department’s National Fraud Enforcement Division. “Every dollar stolen is a dollar taken from a retiree’s medicine, meals, or housing. These cases represent just a fraction of the fraud we are aggressively pursuing every day. The egregious facts uncovered in these cases underscore why our mission to combat fraud — large or small — is vital to protecting public trust and ensuring justice.”
Some “outside-the-box” Thinking about Social Security Reform
As is evident within these pages at the AMAC Foundation’s Social Security information website, as well as in other media outlets, the nation’s treasured senior benefit program, Social Security, is in financial trouble. This is best seen in the annual…