Social Security solvency
Social Security’s Future–A Clear and Concise Synopsis
Media accounts of Social Security’s long-term viability frequently set forth a dismal picture, often using terms like “bankrupt” that generate either alarm or despair depending on one’s age and proximity to benefit eligibility. Those who follow this subject closely, of…
Americans Losing Faith in Government’s Ability to Resolve Social Security Dilemma?
The Nationwide Retirement Institute 2023 Social Security Survey results indicate a continuing disbelief that government will “do the right” thing to shore up our ailing Social Security system in time to prevent an erosion of retirement security. Specifically, while survey…
These potential adjustments to the Social Security program may not seem wonderful
Heraclitus said, “Change is the only constant in life.” It may also be true about Social Security. If changes do not happen to the program, Social Security would be able to pay about 80 percent of the benefits to which…
The Potential Impact of AI on Social Security’s Future
Although artificial intelligence (AI) is still a relatively new technology, its fast-paced arrival in the business world and the projections for its rapid expansion have many pondering what the long-term effects on the workforce will be. And as soon as…
Not Addressing Social Security Insolvency Equals Disaster, Says CRFB
So much has been written about Social Security’s evolving financial crisis, and yet not much has surfaced in terms of a bipartisan approach to addressing the problem. As most who follow this topic know, the clock is ticking louder each…
Reasons Behind the Rush to Early Filing
A recent study by asset management company Schroders reports that “40% of respondents who haven’t yet retired plan to begin receiving Social Security benefits between the ages of 62 and 65.” In discussing the reasons behind this statistic, The Motley Fool’s…
Our Social Security Program Continues to Evolve, But Some Things Do Not Change
It’s common knowledge these days that America’s Social Security program is presently locked into a trajectory that will lead it to insolvency in less than a decade. While there are many resolutions on the drawing board to avoid reaching that…
There is plenty of concern about Social Security among current retirees.
The Social Security program is vital to many Americans who depend on it in retirement. However, the Social Security Trust Fund reserves are running out of money. When that happens, Social Security will only be able to pay about 80…
What if Social Security runs out of money?
The Social Security Trustees report is an annual report that provides information about the current and projected financial status of the Social Security and Medicare trust funds. The latest annual report shows the Trust Fund will run out of money…
Ron DeSantis on Social Security
“Talking about making changes for people in their 30s or their 40s so that the program is viable, that’s a much different thing, and that’s something that I think there’s going to need to be discussions on. We got to…