Social Security solvency
Donald Trump & Social Security: Short-term vs. Long-term
Kailey Hagen analyzes former President Trump’s bold plans for Social Security. She finds there would be appeal in the short run but problems in the long term because additional revenues are not there. Insolvency looms for the popular program in…
Analysis: Trump Campaign Plans & Social Security
The Committee for a Responsible Federal Budget (CRFB) notes a typical couple retiring just before Social Security hits insolvency in 2034 faces a $16,500 cut, and neither presidential candidate, despite them both saying they will “protect” the program, has presented plans…
How the next U.S. president may address Social Security running dry
The problem has been known for a decade or more– that the Social Security Trust fund (also referred to as reserves or surpluses) will be depleted by 2034. Benefits will then be reduced 20% or more for all across the…
Can Social Security reform be done relatively fairly?
If Congress does not change the law, the Social Security Trust Fund will be exhausted by 2033, and at that time, benefits will be cut by 21 percent. Changes to Social Security are coming no matter what, but what if…
The Impact of Proposed Social Security Changes, From Doing Nothing to Scrapping the Cap
Several proposed changes are being considered to help address Social Security’s looming insolvency problem. Susan Rupe, managing editor at Advisor News, explains many of the options here. As an example of the leading thoughts on reforming Social Security, the Association of…
Immigration & Social Security’s Funding Crisis
Social Security and Medicare are important issues to voters 50+, and many cast ballots based on them. Lorie Konish of CNBC writes a comprehensive piece here noting that illegal immigration does not play any significant role in the looming insolvency…
Would increasing full retirement age to 69 save Social Security?
Insolvency is just a decade away for Social Security. The usual choices to rescue the program are raising taxes, cutting benefits, and increasing the full retirement age (FRA). No single option “solves” the problem, and Jessica Hall of MarketWatch explains…
Social Security Reform: An Analysis of the Issues and Thoughts on How to Move Forward
Media accounts of our Social Security System’s problems have been plentiful over the past few years, especially as the projected depletion of the program’s financial reserves draws closer. The latest official forecast suggests these reserves–the combined Old Age and Survivors…
Saving Social Security: Is the “Soveriegn Wealth Fund” Viable?
The idea of creating a sovereign wealth fund to solve the Social Security funding problem surfces from time to time, usually concluding that it’s generally a bad idea given the need to have surplus funds available to seed the creation. In…
A Look Ahead at the Future of Social Security COLAs
With the Federal Reserve’s progress toward reigning in the inflationary spiral of the past few years, coupled with its 2% long-term target for inflation, the 2025 cost-of-living adjustment is likely to be well below the average of the past three…