Headlines
Are There Benefits to Inflation Beyond Just Social Security’s Increase?
The 8.7% cost of living adjustment coming in January 2023 is welcome news for seniors on Social Security, even if it only allows folks to just keep pace. But Selena Fragassi notes here that there are other benefits to higher…
Op-ed: Social Security Payroll Tax Should NOT be Raised
Mark Warshawsky of the American Enterprise Institute explains why he opposes eliminating the Social Security payroll tax cap. The combined 12.4% rate applies to the first $160,200 in income for 2023. Warshawsky notes there is progressivity and redistribution already built…
Social Security Reform: The Stage is Getting Set for the 118th Congress
As we’ve reported several times this week, the rhetoric associated with Social Security’s long-range solvency issue seems to be building in the weeks before the launch of the next Congressional session. Yesterday, for example, we noted the stance the Biden…
Did Biden Open the Door to Compromise on Social Security?
In the midst of the slowly dissipating haze surrounding the midterm elections, President Biden pledged an openness to compromise with the incoming Congress on work to be done. In a somewhat mixed message, though, he reinforced his administration’s stance that…
Joe Manchin Cites Social Security as Potential Bi-Partisan Issue in 118th Congress
The steady march toward a Social Security catastrophe has been in the news, at least at some level, for decades. Many potential solutions have been advanced, and so far none have produced any cause for optimism that Congress will muster…
The Importance of Savings to Augment Your Social Security
The simple fact that Social Security is not designed to fully replace one’s pre-retirement earnings comes as somewhat of an eye-opener for many as they near that mile marker. Then, too, the realization that claiming this benefit before their full…
Democracy in Action: Social Security Taking Prominent Role in Election Rhetoric
It’s the eve of 2022’s midterm election day, and the airwaves are peppered with conflicting opinions about how our Social Security program will be affected by the outcome. From Rep. John Larson’s (D-CT) impassioned plea for support of his candidacy…
We require a far more serious conversation about Social Security and Medicare
As both Social Security and Medicare programs are facing financial challenges in the near future, we–as Americans–deserve to have a constructive conversation about the future of Social Security and Medicare. Unfortunately, as we get closer to election day, we are…
How much should you save for retirement?
Are you planning your retirement? Do you know how much to save? The amount you need to retire and live comfortably is a personal one. It will take patience and determination to reach your goal. However, there are benchmarks in…
Can you pass this Social Security quiz?
Social Security is the major source of income for most of the elderly, with nearly nine out of ten people aged 65 and older receiving a Social Security benefit as of June 30, 2022. Social Security benefits represent about 30…