Congress

Social Security’s Insolvency: Is it Time to Self-Insure?

This week’s issue of the 2024 Social Security Trustees Report product with it a mixed message–a slight improvement in the date for total depletion of the program’s financial reserves, along with a reminder that the program remains on a path…

Ask Rusty – Future Retiree Worried About Social Security’s Future

Dear Rusty:  I keep reading that the SSA will only be able to pay out 75% of benefits come 2033. If congress were to do nothing and this reduction in benefits occurred, would seniors already collecting benefits in 2033 have…

A Perspective on Social Security’s Looming Insolvency

We’re well inside of a decade until Social Security’s accumulated reserves disappear completely. The nearly $2.9 trillion financial cushion that has been dissipating steadily for the past two years is expected to evaporate completely by 2033–and some project that point…

On “Fixing” Social Security–A Segment of the Public Weighs In

In a mid-March Associated Press/NORC Center for Public Affairs Research poll, a sampling of slightly over a thousand U.S. adults expressed opinions on what needs to be done as Social Security and Medicare hurtle toward insolvency. Not surprisingly, the majority in…

A Political Assessment of Social Security Reform’s Headwinds

It’s been a long time coming, and now we’re within a decade of the catastrophe known as Social Security insolvency. And just to head the rumor off fast, that doesn’t mean bankruptcy for one of America’s most successful social programs…

Congress Passes the “CARES Act,” Including Relief Payments to Social Security Recipients

The “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” passed today in Congress, designed to provide for substantial stabilization in America’s economy during the unprecedented medical crisis sweeping the country. As approved, the Act provides critically needed funding in…

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