AMAC Social Security Guarantee
Social Security Insolvency and the Need for Public Awareness
Social Security’s revenue from payroll taxes (i.e., FICA tax) has not been able to completely cover benefits paid since 2010 and, since 2021, all sources of revenue coming into the program have been insufficient to make scheduled benefit payments. Consequently,…
Social Security Reform: Where are the Plans?
Reason reporter Eric Boehm, in a post on their website, raises the concern that neither of the likely most likely next presidents has a plan to address the very real Social Security solvency problem. As Boehm points out, both candidates…
2024 Social Security Trustees Report Published–Shows One-Year Improvement in Solvency
The 2024 edition of the Old-Age, Survivors, and Disability Insurance (OASDI) program (Trustees Report) was issued yesterday afternoon. As noted in SSA’s press release announcing the report on 2023’s operations, “The combined asset reserves of the Old-Age and Survivors Insurance…
The Retirement Age Debate: Battle Lines are Continuing to be Drawn
In the days since last week’s release of the Republican Study Committee’s (RSC) Fiscal Year 2025 Budget proposal–titled “Fiscal Sanity to Save America”–the airwaves have been alive with commentary on the future of Social Security. One of the more significant…
Social Security’s Future–A Reality Check on the Unfolding Dilemma
If you’ve been following the steadily unfolding solvency crisis facing our Social Security system, you’ve no doubt seen an equally steady stream of opinions on how best to address the situation. The Social Security trustees have been sounding the alarm…