Social Security solvency
Point of View: Perspectives on the Social Security Trust Fund
The rhetoric on Social Security’s looming solvency issue is free-flowing these days, and much of it deals with the program’s trust funds and their role in the overall benefit funding process. A post on shepherdexpress.com by William Holahan, emeritus professor…
A Timeline Clarification for Millennials–Preparing for the Future of Social Security
Social Security’s impending solvency crisis has been in the news quite a bit in recent months and, unfortunately, much of the media accounts have created a misunderstanding of what’s really in the cards for this critical senior support program. Specifically,…
Four Principles Designed to Salvage Social Security for the Long-Term
The solvency dilemma Social Security faces has gotten some attention in the early days of the 118th Congress, but despite the urgency–full depletion of the program’s reserves is less than a decade away–proposals to ward off a catastrophe haven’t gotten…
A Blunt Perspective on Social Security and Medicare
With Social Security and Medicare so prominent in the news these days, viewpoints on what the future will bring for these massive senior benefit programs are as varied as they are frequent. Yesterday afternoon, for example, TV host and syndicated…
Viewpoints on the Insolvency Issue–Who Needs to Worry?
The Motley Fool’s Christy Bieber dives into the issue of why some future retirees need to be concerned about the potential across-the-board cut in Social Security benefits when the financial reserves run dry. As she points out in a post on…
Social Security’s Insolvency Problem: Understanding the Challenge
Much has been written through the years about the looming insolvency problem facing Social Security, now just about nine years from now. It’s new news…the program’s trustees have been sounding the alarm for nearly three decades while the can gets…
“Kicking the Can” Would Lead to a Missed Opportunity for Social Security Modernization
Social Security’s trajectory toward insolvency has been a known fact for decades. Since the 1990s, the program trustees’ annual report to Congress has cited the impending depletion of program reserves, with each report projecting the expected year of full depletion…
Social Security 2100 Back in Focus
Calling Social Security “the number one anti-poverty program for the elderly, for children, and a disability plan that more veterans rely on than the VA,” House Ways and Means Social Security Subcommittee Ranking Member John B. Larson (CT-01) yesterday reintroduced Social…
Looking at a Full Retirement Age of 70–A Supportive Viewpoint
Perhaps one of the most incendiary components of the argument over the looming Social Security solvency problem is the thought of moving the program’s full retirement age (FRA). Currently set at age 67 for those born in 1960 or later,…
Sen. Cassidy Calls Out Leading Presidential Contenders on Social Security Positions
Expressing extreme displeasure with the stance President Joe Biden and presidential challenger Donald Trump have taken on Social Security reform, Sen. Bill Cassidy (R-LA) cited the importance of having presidential candidates who can meet the financial challenges facing the massive…