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Social Security needs the gift of solvency
(Source – host.madison.com) Happy 80th birthday, Social Security! Here’s wishing you 80 more. But that will require a bipartisan agreement in Congress to keep America’s popular anti-poverty program solvent. Social Security ensures that tens of millions of older Americans have enough retirement income…
A look back at the Social Security Act of 1935 and its forgotten focus on needy children
(By – Katharine B. Stevens, American Enterprise Institute) Eighty years ago today, Franklin D. Roosevelt signed the 37-page Social Security Act (SSA) of 1935 into law, enacting the most fundamental change in social policy in America’s history. But what we now…
The Big Social Security Disconnect In Americans’ Retirement Plans
(By – Janet Novack, Forbes Staff) No wonder Americans are so worried about retirement. A new survey shows 80% of them are planning to rely on Social Security benefits “substantially” or “somewhat” in retirement (or already do so). But only 42%…
More Than Half of Americans Think Social Security Is Doomed
(By – Daniel White, time.com) Poll released for the 80th anniversary of President Franklin D. Roosevelt signing the Social Security Act into law More than half of all Americans who are still working doubt they will ever receive Social Security benefits, according…
Restoring Solvency to the Social Security Retirement Program
(Source – Tax Foundation, www.forbes.com) August 14th marks the 80th anniversary of the signing of the Social Security Act by President Franklin Roosevelt in 1935. The program has done much to alleviate poverty among the elderly. Unfortunately, the system itself…
3 ways to fix Social Security’s funding shortfall
(By – Phil Moeller, via www.cnbc.com) Social Security is celebrating its 80th birthday this week—not bad for a program that was as hotly contested in its day (three trips to the U.S. Supreme Court) as was Medicare 50 years ago and as…
Preserving Social Security for the Long Term
(By – Bryann DaSilva, www.cbpp.org) This latest post in our breakdown of the Top Ten Facts About Social Security explains that benefit levels are modest, as are the changes needed to ensure the program’s long-term solvency. Read more… Notice: The “Read…
Why Social Security Is More Crucial Than Ever for Your Retirement
(By – Dan Kadlec, time.com) Social Security, the long-embattled entitlement that lifts 15 million seniors out of poverty and is the sole source of income for nearly one in four recipients, turns 80 on Aug. 14. Its future remains tenuous as ever.…
Social Security’s Crisis Next Year With Disability Insurance
(Source – www.concordcoalition.org) In a Washington Monthly op-ed focusing on Social Security’s Disability Insurance program, Phil LaRue, government relations director for The Concord Coalition, writes that reform is personal for the 11 million Americans who could face a severe cut in…
A Silver Tsunami Invades The Health Of Nations
(By – Reenita Das, Forbes Contributor) One of the biggest mega trends impacting the world today is population aging. By 2020, for the first time in history, the number of older people will outnumber the number of children younger than 5…