Headlines
Social Security’s Problems Plus a Balanced Solution
What’s all this talk about Social Security’s problems all of a sudden? Why not just leave the program alone? Is Social Security going bankrupt? So what can be done? Are there pros and cons to each? Why not just raise…
Enjoy July 4th holiday & a little trivia too
We at Social Security Report are off work today but have some historical trivia here for July 2-4. First, read this letter from John Adams of Massachusetts to his wife Abigail, written July 2nd (yes 2nd), after The Second Continental Congress…
Social Security’s $4.1 Trillion Hidden Government Deficit
Romina Boccia of The Cato Institute explains the American public’s misconceptions about how our pay-as-you-go Social Security works and how and why it faces a huge financial shortfall. Boccia explains how the IOUs work, the current deficit spending the program…
Fact Check: Are Immigrants Getting Social Security?
Aliss Higham of Newsweek dives into the illegal alien vs. Social Security argument. In the debate, Donald Trump said, “Social Security, he’s destroying it because millions of people are pouring into our country, and they’re putting them onto Social Security.”…
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…