Latest News
Why Social Security Won’t Bail Out Many Detroit Workers
The bankruptcy of the city of Detroit has turned the spotlight on the fate of thousands of current and former city workers whose pensions and health benefits are now potentially at risk of disappearing. Yet many Americans don’t understand the full importance…
Here’s What Poverty Would Look Like If Social Security Didn’t Exist
The nation’s poverty crisis would be a lot worse if it wasn’t for safety net programs — particularly Social Security, a new analysis finds. If Social Security didn’t exist, about 25 million more Americans would be in poverty, according to an analysis…
The Senior Citizens League Warns 2014 Cost of Living Adjustment Flat
More than 62.6 million people who collect Social Security or benefits from other federal programs aren’t likely to see much growth in their payments next year. According to recent consumer price index (CPI) data through June, cost-of-living adjustments (COLAs) will…
Study: Many People Getting Disability Checks Say They Could Work
According to a Social Security Administration study of disability recipients, many people receiving federal disability checks admit they are able to work, but cannot or will not find a job. The study was conducted in 2009, but the conservative Washington Examiner recently analyzed…
Are You Weighing Down Your Retirement?
We’re all concerned about how to afford retirement. We check the balances on our IRAs, and obsesses about how to get the most out of Social Security. But we forget that there’s another way to help achieve a financially secure retirement:…
Mitch McConnell’s Sequestration Deal Would Replace ‘Crappy Cuts With Crappy Cuts’: Democratic Aide
Congressional Democrats aren’t jumping at the latest offer from Senate Minority Leader Mitch McConnell (R-Ky.) in the two parties’ still-elusive search for a “grand bargain” on budget matters. McConnell said Monday that he would be willing to reduce –- in part…
Social Security Disability Demographics in Rural America
Summary: Document examines several employment statistics and rates of disability in certain rural areas of the United States. “The risk of experiencing a form of disability rises sharply as a person ages. The average beneficiary of SSDI is in their late middle…
Number of Physicians Opting Out of Medicare Nearly Tripled
The number of physicians who have opted out of Medicare has nearly tripled since 2009, according to CMS, the Wall Street Journal reports. According to CMS, 9,539 physicians who previously had accepted Medicare opted out of the program in 2012, compared with 3,700…
5 Retirement Variables Outside Your Control
One reason it’s difficult to prepare for retirement is that there are so many things we simply can’t predict about it. We don’t know how long we will live, how much our investments will earn and how much of our…
Social Security’s Collapse, Explained in Plain English
The Social Security debate has its own private lexicon wherein words take on new meanings, which at times even contradict the meaning those words have in the English language. The consequence of the Social Security pseudo-code is a stalemate, because it is virtually impossible to build any consensus in…