Social Security solvency
The Steadily Vanishing Retirement Dream
A recent Ipsos survey of more than 2,000 American adults revealed a substantial concern regarding attitudes toward retirement. Specifically, nearly half of respondents said they’ll “keep working more or less forever.”
Will Social Security be an Issue in the Upcoming Midterm Elections?
Well, of course it will, as so eloquently expressed in this Newsweek article by Suzanne Blake. The article starts out by discussing a recent endorsement by Iowa Senate candidate Josh Turek for for raising the Social Security Taxable Maximum. But…
Some “outside-the-box” Thinking about Social Security Reform
As is evident within these pages at the AMAC Foundation’s Social Security information website, as well as in other media outlets, the nation’s treasured senior benefit program, Social Security, is in financial trouble. This is best seen in the annual…
Social Security’s Solvency Debate Continues
The really good news these days is that Congress is finally waking up to address a problem which we, here at the AMAC Foundation, have highlighted for many years - the Social Security program urgently needs to be reformed!! Even…
The “Promise Act” and Social Security’s Full Retirement Age
For a long time, there has been a debate among pundits and within political parties about raising Social Security’s full retirement age (FRA), which is the age at which 100% of earned benefits are paid. Generally speaking, those on the…
“Tax the Rich” viewed as a panacea by some - but will it save Social Security?
Each year, the amount of earnings subject to Social Security payroll tax inexorably increases, causing affluent Americans to pay even more into the Social Security program. To illustrate, the so-called “taxable maximum” for Social Security has increased from $142,600 just…
Ask Rusty – Will Social Security Run Out of Money Soon?
Dear Rusty: I’m concerned about Social Security running out of funding, since I rely on it for my income and I’m at an age where my having to go back to work is not an option I can consider. The…
Dealing With Social Security’s Insolvency
A Pathway for Congress to Act? After decades of procrastination on what is now looming as a financial catastrophe for millions of vulnerable Americans, Capitol Hill appears to be awakening to Social Security’s financial crisis and the critical need for…
How Americans would fix Social Security
In the early 1980s, Social Security became known as the third rail of American politics, and it remains so today. With no proposals to address the impending insolvency, the Program for Public Consultation at the University of Maryland’s School of…
A better way to fund Social Security?
With the national debt rising to over 100 percent of GDP and Social Security’s impending insolvency, lawmakers will be forced to implement efficiency-enhancing reforms. One of the many proposals is to uncap the payroll tax, which would lift the cap…