Social Security insolvency
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…
Where Are Social Security Problems Most Impactful?
Reports from the Transamerica Center for Retirement Studies note that “Over half of retirees surveyed (53%) expect Social Security to be their primary source of income throughout retirement.” Drawing a correlation between household income and the importance of Social Security…
Social Security Misunderstandings and the Openness to Change
Reason.com contributing editor J.D. Tuccille, in a post on their website, examines one of the popular ironies facing Social Security in the 21st Century. He finds a paradox in the fact that most Americans like Social Security, but do not…
“Sovereign Wealth Fund” Proposition Draws Criticism
The creation of “… a new investment fund that would infuse much-needed money into Social Security, while ensuring no one on Social Security or nearing retirement sees any change to the benefits whatsoever”–a proposal crafted by Senators Bill Cassidy (R-LA)…
Social Security Insolvency and the Steadily Unfolding Fertility Rate Problem
The 2025 Social Security Trustees Report didn’t offer any new insights into a long-established problem. The key upshot from the report is that the insolvency date moved a bit closer than projected a year ago. For most who follow this…
If You’re On the Fence About Filing Early, Read This!
The constant barrage of media alarms on Social Security’s impending insolvency drives many folks aging into benefit eligibility to take the plunge before their full retirement age. While they may or may not fully understand the long-term consequences of this…
HR 82’s Impact on Social Security
In case you were wondering, the January 5, 2025 enactment of the WEP and GPO repeal via H.R. 82–the Social Security Fairness Act–had a fairly significant effect on Social Security’s timeline for insolvency. As Social Security Administration (SSA) Chief Actuary…
Ask Rusty – When Will Funds Stolen from Social Security be Replaced?
Dear Rusty: When will the funds stolen from the SS Fund be replaced? They used Social Security when the government ran out of money and used it for illegals. I think the funds should be replaced except for legitimate payments…
Another Call for a “Bipartisan Commission” to Study Social Security Insolvency
Although it’s been discussed off and on for the past couple of years, no concrete steps have been taken to create a bipartisan commission to develop a solution to the fast-approaching cliff facing Social Security. Two New York Congressmen, Rep.…