Social Security insolvency
Social Security Insolvency and Why It’s a Concern for All
The gloom surrounding Social Security’s financial situation — specifically, the steadily depleting reserves and the projected 20% to 25% benefit reduction facing beneficiaries as early as 6 years from now — is a cause for alarm among America’s seniors. But,…
A Call for Public Trustees to Help Guide Social Security Reform
The Social Security trustees oversee the financial operations of the Social Security trust funds and report annually to Congress on their financial and actuarial status. They provide detailed information on the solvency of these funds, which is crucial for informing policymakers and…
The Cost of Delaying Social Security Reform
The Social Security trustees have been sounding the alarm for decades. The program’s tax revenue has been insufficient to fully fund benefit payments since 2011, requiring reliance on other income streams (income tax on benefits and interest on reserves) to…
Dealing with Concerns About Social Security’s Durability
One of the more persistent rumors circulating in many circles these days is that Social Security is on a pathway to disappearance. Of course, most responsible bloggers and journalists understand that the program, as designed, cannot go away as long…
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…
Social Security Reform…Looking Into the Crystal Ball
As we’ve been predicting, interest in addressing Social Security’s steadily unfolding financial disaster is picking up quickly. In fact, a recent comment by Newsmax labeled Social Security a “central battlefield” in the midterm election cycle. We’re seeing many thought leaders…
How Recent Congressional Moves Have Impacted Social Security’s Insolvency Timeline
The closer we get to the end, the sharper the pencils are that write the target dates for insolvency. In a Yahoo!Finance post yesterday by T. Woods, for example, cites the impact of the One Big Beautiful Bill’s tax-related provisions…
An 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…
Increase in Retirees Claiming Their Social Security Benefits at 62
More people are collecting their Social Security benefits at age 62 in 2025 than in 2024. According to the Urban Institute, claims by people filing at a younger age increased by 276,000 from October through April, compared with the prior…
Social Security Commissioner Touts Recent Improvements
Although Social Security faces mounting concerns about its financial trajectory, SSA Commissioner Frank Bisignano provides reassurance that “Social Security is not a program of the past; it is a promise to future generations.” In an interview with Fox Business, the…