Headlines
A Peek and a Guess at 2023 Social Security Benefits
Next year’s Social Security benefits will be much higher than those paid in 2022. But by how much? Dan Avery explores that question in this piece from CNET.com. The May year over year consumer price index has inflation at 8.6%.…
Happy Independence Day!
We at Social Security Report have a little 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 voted to approve a…
Another Call for Social Security Reform
The Motley Fool’s Maurie Backman, in a post on richmond.com, sounds the alarm yet again calling for legislative attention to address Social Security’s solvency problem. As her article suggests, “…lawmakers have a prime opportunity to prevent a universal reduction in…
Immigration and Our Social Security System…A Frequently Misunderstood Subject
In 1936, one year after President Franklin D. Roosevelt signed the Social Security Act of 1935 into law, he commemorated the Statue of Liberty’s 50th Anniversary with a speech honoring the icon’s role in shaping America’s past. He spoke of…
Sen. Sanders Weighs In On Social Security Expansion
In an article recapping one side of the recent Bipartisan Policy Center/Orrin G. Hatch Foundation public debate on crises facing our country, Sen. Bernie Sandres (I-VT) presents his views on the future of Social Security, acknowledging the program as “one…
Privatization of Social Security Resurfaces in Senate Races
The oft-debated issue of privatizing Social Security–taking payroll taxes and investing the dollars in private, market-based accounts–has once again emerged as a campaign matter in this year’s Senate races. In Arizona’s Republican race, for example, two candidates have endorsed the…
Social Security’s Future, From a Millennial’s Perpective
GOBankingRates’ Maddie Duley, in a post today on msn.com, takes a look at the dismal view held by millennials regarding the future of Social Security, noting that those falling into this demographic cohort are less optimistic that these retirement benefits…
The Enhancing American Retirement Now Act
The U.S. Senate Finance Committee unanimously approved The Enhancing American Retirement Now (EARN) Act on Wednesday. The EARN Act, and the previously approved retirement-related measure called the Rise & Shine Act, represent the Senate’s version of Secure 2.0. The Secure…
Is claiming your benefits at 62 right for you?
You can claim your Social Security retirement benefits as early as age 62. However, you are entitled to full benefits when you claim your benefits at your full retirement age. There is no right or wrong age to claim your…
Americans have many concerns about the future of Social Security
In response to the recent Social Security Trustee’s report, seven out of 10 respondents to a new PlanGap study doubt that they will receive their promised Social Security benefits. The 2022 Trustees’ report found that without changes, the Old-Age and…