Headlines
Incoming House Budget Committee Chair Signals Intent to Act on Social Security
As anticipated, the 118th Congress has opened the door for movement on resolution of Social Security’s longstanding solvency problem. Rep. Jodey Arrington (R-Texas) has proposed using an “…upcoming debt-limit deadline to prompt negotiations on the solvency of major programs such…
CBS/YouGov Poll: Fixing Social Security Makes the High Priority List for 118th Congress
A nationally representative poll conducted last week by YouGov for CBS News posed the question of what should be the high priorities for the incoming Congress, and the top three responses were not a surprise: lowering inflation, protecting Social Security…
Retirement Bill Benefits Both Savers and Wall Street
Michael Hiltzik explains the important Secure 2.0 retirement provisions which were incorporated in Congress’s massive year end omnibus bill. Access to workplace retirement plans for those that have been traditionally left out, mainly lower income workers, is a key facet…
Where is Joe Biden on Social Security?
Bram Berkowitz has a piece here on a Biden quote that may put him at odds with Democrats looking to shore up Social Security’s long-term health. While the President’s own “I want to protect Social Security” statements offer nothing given…
The Midterm Elections and Your Retirement
Economist turned money manager Nick Sargen assesses the impact of the 2022 midterms on people’s retirement in this excellent piece in Forbes. He acknowledges it is rare for a lame duck Congress to produce substantive legislation. But buried in the…
Op-ed: Social Security’s Massive Malfeasance
Laurence Kotlikoff, Professor of Economics at Boston University, is a frequent contributor to the literature on Social Security. Writing here in Forbes, Kotlikoff is highly critical of other news outlets for missing much of the anachronistic facets to Social Security…
Happy New Year from Social Security Report!
As staff is off this day for the holiday, we wish all who read our important daily updates a Happy New Year. We are back January 3rd to provide congressional offices and staff and laypeople with an interest in all…
Secure 2.0 and the Retirement Financing Gap: Some Positive News
Much has been written about the disconnect between retirement savings goals and the prospects for reaching these goals. In fact, comparing the results of a Northwestern Mutual study question on how much is needed for a comfortable retirement with the average…
Social Security 2023: A Quick Refresher on the Changing Landscape
We’re two days away from a new calendar year and, as happens every year, the flipping of the calendar brings with it a slate of new parameters governing Social Security and affecting those receiving benefits. The GoBankingRates editorial staff has…
More on the Downside of 2023’s COLA
The extraordinary cost-of-living adjustment scheduled to appear in January Social Security benefits is a welcomed influx of cash for the 70 million Americans dealing with the inflationary pressures so prevalent in the U.S. economy. An 8.7% bump will help many…