Headlines
Social Security Reform…Between a Rock and a Hard Place?
Since the March 31 release of the 2023 Social Security Trustees Report, and actually for months and years before that, the news waves have been awash with commentary about what can, should, or is likely to be done to address…
Hazy Memory? Trump Backed Age 70 for Retirement Back in 2000
“The truth is undeniable; the workers of America have been forced to invest a sixth of our wages into a huge Ponzi scheme. The solution to the Great Social Security Crisis couldn’t be more obvious: allow every American to dedicate…
A Bipartisan ‘Big Idea’ is in the Works on Social Security
“The absolute worst investment strategy you could have right now.” So says Sen. Bill Cassidy (R-LA) on Social Security’s trust funds, which are due to be depleted in a decade. Cassidy is working with Sen. Angus King (I-ME) on an…
The Surprising Truth About Social Security’s Future
Worry you should, but despair? Not necessarily. So says Selena Maranjian as she analyzes Social Security’s financial woes. The program faces insolvency in a decade, and Maranjian nicely displays how the number of workers to beneficiaries has gone from over…
Op-ed: Time To Be Honest About Social Security
James Lockhart, Senior Fellow at the Bipartisan Policy Center and former Principal Deputy Commissioner of Social Security explains Social Security’s insolvency problem. He is critical of President Biden and former President Trump for ignoring the issue, noting neither would be…
President Biden and Social Security Changes? None yet.
With insolvency just a decade away, something will have to give on Social Security, as benefits will be cut 23% for all automatically without reform. Keith Speights looks back at various proposals Biden has openly supported over his years in public…
Social Security Reform: A Retrospective on the 1983 Changes
For the second time in the past five decades, Social Security finds itself at a major decision point. One of the fundamental differences between now and the early 1980s, though, is the timing of the absolute financial crisis. The changes…
The Growing State of Apprehension About Retirement
In the midst of growing accounts of Social Security’s rapidly evolving reserve fund depletion, there’s a curious mindset developing with respect to how future retirees view their post-career financing picture. To be specific, Financial Advisor IQ’s Alex Padalka, in a…
An Argument Against Privatization of Social Security
Social Security is in trouble…no doubt about that. In fact, we’re now less than a decade from the program reaching its point of insolvency–the point at which all accumulated reserves are fully depleted. These reserves, which had reached a high…
Saving Social Security: The Arguments Are Mounting
In an interesting article appearing recently on ThinkAdvisor.com, Senior Reporter John Manganaro offers a broad assessment of emerging views on the potential direction of Social Security reform measures. Manganaro begins with an analysis of the debate on the pros and…