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Decline in labor force driven by retirement, not discouragement
There’s a persistent lie making its way through popular media — and often twisted through social media. Like any good lie it starts with a kernel of truth but gradually becomes a clear and open lie. The truth — the labor force…
IN THIS CORNER: With Social Security, timing matters
If you’re like most retirees, you’ll automatically start taking Social Security when you’re 62. But just because this is the earliest you can start collecting doesn’t mean it makes the most sense for your financial wellbeing. Realizing that when you…
BRT CEOs Discuss Recommendations to Protect & Modernize Social Security & Medicare
Business Roundtable (BRT), an association of chief executive officers (CEOs) of leading U.S. companies, today released a detailed plan to strengthen and modernize Social Security and Medicare that CEOs believe must be part of any comprehensive economic growth and deficit-reduction…
What America Won in the ‘War on Poverty’
In an unabashed endorsement of government action to alleviate the plight of the poor, this week President Obama commemorated the 50th anniversary of the War on Poverty with his own call for new policies to address the continued struggles of…
Obama administration’s proposed Medicare drug change stirs access worries
In a move that some fear could compromise care for Medicare recipients, the Obama administration is proposing to remove special protections that guarantee seniors access to a wide selection of three types of drugs. The three classes of drugs — widely…
No increase in costs for Medicare Plan B
There’s a little bit of good news for Medicare recipients — particularly Part B coverage. The plan usually increases as recipients’ income increases. However, this year, Part B deductibles and premiums will stay the same as last year. Other plans though will…
Social Security shouldn’t be used to balance budget
Over the past three years, Congress’ solution to our budget crisis has been a temporary patchwork of fiscal bandages, passed at the stroke of midnight before critical deadlines. Unfortunately, some have proposed balancing our budget by cutting Social Security benefits. Read more… Notice: The “Read…
Jobs, not more government, needed for the unemployed
U.S. Rep. Kevin Brady, a senior member of the House Ways and Means Committee, says the president’s politically-fueled push to extend the five-year emergency unemployment insurance program misses the key point – the long-term unemployed need jobs first and foremost.…
End of 2013 sees record number of Americans getting disability benefits
According to the Social Security Administration, more than one out of every four 20-year-olds will face a physical or mental disability that makes them unable to work before reaching age 67. When a disability strikes, most workers do not have…
The Impact of Health-Care Costs on Social Security
For many retirees and their families, Social Security provides a dependable source of income. In fact, for the majority of retirees, Social Security accounts for at least half of their income (source: Fast Facts & Figures About Social Security, 2013).…