Social Security solvency
Root Cause Analysis: The SS Trust Fund Shortfall
As we have heralded on this website for years, the Social Security Trust Funds are facing a financial crisis in about the year 2033. That is the point, on current course, that the Trust Funds will be fully depleted, necessitating…
Social Security won’t be going bankrupt, but ….
The word “bankrupt” suggests that the Social Security program would disappear entirely, and that is not something which can realistically happen. But Social Security “insolvency” is, in fact, a real possibility - and that’s a scenario where Social Security doesn’t…
About Social Security Solvency
in this article by Jeffery Snyder appearing at The Street , the author interviews a well known expert on Social Security matters, Andrew G. Biggs. Mr. Biggs is a scholar at the American Enterprise Institute and a former executive with…
Imagine No Social Security
In 1971, the iconic songwriter John Lennon penned the lyrics to his famous song “Imagine,” asking us to picture a world in total peace and harmony. Although it was a call to imagine what life would be like in a…
Congressional Push for Two Key Social Security Changes Underway
By now, and especially as tax season gets underway, most folks know that the “no tax on Social Security” slogan is a bit of a misnomer. The tax will still be computed, but subsequently offset (for many filers) by a…
Social Security Reform: A Call for Further Means-Testing
As the calendar turns to 2026, so does the urgency to focus seriously on Social Security’s long-term financial situation. Reflecting on the 1983 changes designed to ensure complete benefit continuity well past the middle of the 21st Century, most sources…
This Social Security change is a big milestone for retirees
The year 2026 is a milestone for Social Security. No, I’m not talking about bipartisan legislation addressing the insolvency issue, although that would be nice. I’m referring to another bipartisan piece of legislation, H.R. 1900, the Social Security Amendments of…
Social Security Reform Options
As the year of reckoning (2033) draws near, many are becoming concerned about the future of America’s most important retirement program - Social Security. The Trustees of the program have warned Congress for decades that Social Security faces insolvency in…
More on Social Security Solvency
In this brief, but sobering, article by Rachel DePompa at FOX8News, the author reveals that 4 out of 5 retired American rely on Social Security to pay their monthly bills. This fact, when viewed in the context of Social Security’s…
Poll Results: How do you feel about Social Security?
In one of the most comprehensive analyses we’ve seen lately, the Cato Institute, in this article, provides a very detailed and comprehensive evaluation on how Americans of all generations view the Social Security program. And the picture is not particularly…