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How Broke is Social Security?
“Social Security’s $23 trillion debt, which Congress has chosen to keep off the books, swamps the $13 trillion of official debt in the hands of the public.” That’s from testimony yesterday by Larry Kotlikoff before the House Social Security subcommittee. He went on…
Renacci Statement Following Ways & Means Social Security Subcommittee Hearing
Rep. Jim Renacci (OH-16) today released the below statement following the Ways and Means Subcommittee on Social Security hearing on what Americans need to know as they plan for retirement. “According to the Social Security Trustees Report, the program’s unfunded liabilities…
Free Retirement Advice From Uncle Sam
Age 50 is time to get serious about retirement planning, and three federal agencies have put out a toolkit to help Americans who are 10 to 15 years away from retirement get their bearings. The Retirement Toolkit, put out by The Department of…
2014 Social Security and Medicare Trustees Report Shows US is Growing Older and Deeper in Debt
Steve Bell, Senior Director of the Economic Policy Project at the Bipartisan Policy Center (BPC), issued this statement following the release of the 2014 Annual Reports of the Social Security and Medicare Trustees: “The Trustees for Medicare and Social Security released…
Medicare, Social Security head toward insolvency, at slower rate
Social Security and Medicare are marching steadily toward insolvency, according to a report released Monday by the trustees for the two entitlement programs. While the report found some improvement for Medicare, which will now be able to meet its obligations until…
Some niche retirement communities
Niche retirement communities are growing particularly popular as the 76 million baby boomers reach retirement age. The communities are aimed at people of specific ethnic backgrounds, hobbies or collegiate allegiances. Here are some niche retirement communities found across the United…
Deficits drop but debt bomb ticks on
Remember when the federal budget deficit was a huge deal? Hardly a day went by when Republicans didn’t accuse President Obama of fiscal negligence — a charge easy to make with annual shortfalls topping $1 trillion. Nowadays, the deficit rarely comes…
Retirement Uncertainty Up As Social Security And Medicare Face Long-Term Challenges
The Insured Retirement Institute (IRI) issued the following statement from IRI President and CEO Cathy Weatherford in response to reports released today by the trustees of the Social Security and Medicare programs. According to this year’s Social Security Trustees Report, the combined…
Tell Governor Christie No Social Security or Medicare Cuts
As budget hawks once again turn up the pressure to balance the federal budget on the backs of the nation’s most vulnerable citizens, activists demanding income security for New Hampshire’s seniors will take their case to New Jersey Gov. Chris…
Social Security piggyback
Social Security is a significant part of life for many Americans. Apart from the wealthy or government pensioners, Social Security can represent a lifeline that keeps many dangling above the poverty line. How high you are above that poverty line…