Social Security Report

With Social Security insolvency looming, octogenarians are confronting financial obstacles.

A recent Business Insider article included this glaring comment: The number of workers 80 and older increased by 25% since 2022” as a lead into a study on the challenges facing older Americans in their struggle to survive in the 21^st Century economy. For those who can, returning to the workforce to make ends meet is one option, although the risks inherent in many available jobs, the effects of old-age health problems, and the relentless impact of rising prices that outstrip the additional income make it anything but a simple solution. And on top of all that, the continued threat of Social Security reaching the point of insolvency, with the potential for a substantial benefit reduction, makes the “golden years” not so shiny in the eyes of many older Americans. For more on this topic, check out the article from BI’s Jacob Zinkula and Noah Sheidlower, which you can access here.

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