CRFB
The Universal Impact of Social Security Insolvency
Yesterday, the Committee for a Responsible Federal Budget’s (CRFB) Senior Vice President & Senior Policy Director, Marc Goldwein, participated in a discussion relating to CRFB’s “No State Spared: Mapping the Impact of Social Security’s Insolvency.” His comments addressed the interactive…
Closing Out the Week: A Look at Options to Address Insolvency
Whether it’s 2034, 2032, or 2031, the end of the road for Social Security’s asset reserves — the trust fund balances — is rapidly approaching. Along with that, of course, is a projected catastrophe in the form of a substantial…
Further Means Testing Recommended for Social Security
As the projected date of trust fund full depletion moves closer–it’s most recently been estimated for 2032, a mere six years away–activity on the proposal front is building. This is certainly a welcome trend, given the lack of attention Congress…
High-end Social Security Benefits Coming Under Fire?
As anticipated, the rapidly approaching depletion of Social Security’s trust fund reserves is bringing a variety of viewpoints into focus. Wth just six years remaining on the countdown clock, it’s not unexpected that the pace of suggestions for fundamental program…
Bipartisan Fiscal Commission Suggestion Surfaces (Again)
It’s been an on-again, off-again subject in the news over the years (for example, see our 2024 post on this topic), but now, with another two years closer to catastrophe, we see it once more. This time, the Committee for a…
Friday Wrap-Up: More Thoughts on the Nagging Insolvency Problem
Citing examples of congressional actions exacerbating Social Security’s financial troubles (think WEP/GPO repeal, for instance), Forbes Senior Contributor Howard Gleckman offers a recap of corrective measures being advanced by policy experts. As Gleckman explains, many of the measures differ considerably…
Analyzing two key potential Social Security changes offered for consideration
As noted in today’s headline post on this site, many policy experts are weighing in with specific proposals to adjust Social Security that could help address the program’s impending financial crisis. In a post today on MarketWatch.com, retirement reporter Jessica…
Capping COLA: What Would it Mean for Social Security Solvency?
Social Security’s annual cost-of-living adjustment (COLA) is, naturally, in the news these days. The announcement of an across-the-board 2.8% increase beginning in January has generated quite a bit of commentary, including criticism for its inability to help seniors combat inflation.…
A Refresher on the March Toward Social Security Insolvency
The published projections vary a bit. The most recent Social Security Trustees Report sets 2033 as the year when trust fund reserves will be fully depleted, but the Committee for a Responsible Federal Budget (CRFB) sees late 2032 as the…