income inequality
Income Inequality and its Effect on Social Security Finances
Social Security’s looming insolvency has several causes, ranging from the steadily increasing beneficiary life expectancy to the steady shrinking taxpaying workforce. But an even more significant factor in the projected acceleration of the combined trust funds’ point of full depletion—from…
Could raising or eliminating the tax cap fix Social Security?
The Current Population Survey conducted in 2025 found that 24 percent of Americans aged 65 and over reported receiving 90 percent or more of their income from Social Security. As Social Security is a primary source of income for so…
Underscoring the Purpose of Social Security
In a post today on morningstar.com, financial journalist Mark Miller sets forth “A beginner’s guide to understanding and maximizing Social Security benefits.” But it’s more than that…Miller’s article delves into the program’s progressive design, highlighting its long-term role in addressing…