Social Security solvency
Attention, Millennials: Don’t Give Up on Social Security!
The popular media hasn’t been kind to Social Security in the recent past, using words like “bankrupt” and phrases like “the money has been stolen” to suggest where the program is headed in less than a decade. It’s unfortunate that…
Will Anticipated Voter Turnout Dictate the Future of Social Security Reform?
In analyzing the Social Security reform positions taken by President Biden and former President Donald Trump, Frank Gunter (professor of economics at Lehigh University) speculates that their priorities for resolution of the steadily progressing deterioration of the program’s finances would sacrifice…
Thoughts for Millennials on the Future of Social Security
Those Americans categorized as Millennials, also known as Generation Y or Gen Y, have some logical concerns (or at least questions) about the role that Social Security will play in their future. In fact, many in this demographic cohort are not…
Privatization of Social Security…An On-again/Off-again Issue
Quite a bit has been written on the subject of privatizing Social Security funding via stock market investment, and for many years, the basic premise has been a volatile issue for governmental administrations. Take, for example, President George W. Bush’s…
Social Security, Economic Stability, and the Relationship to Senior Women
A post today on the National Women’s Law Center website examines the role that Social Security benefits play in ensuring the financial support of women in their retirement years. Specifically, the article explains that while women comprise more than half…
Tax Fairness Cited as Rallying Cry in Efforts to Address Social Security
Senate Budget Committee deliberations this week focused on, among other key points, the revenue side of the Social Security funding dilemma, with Senator Patty Murray (D-WA) presenting a case for bilateral attention to be applied to achieving “tax fairness between…
Op-ed: We don’t have 10 years to think about Social Security’s insolvency problem
Brenton Smith, policy adviser for the Heartland Institute and frequent writer on Social Security issues, states, “The passage of time is financial cancer to Social Security.” Smith recaps what a decade or more of both political parties doing nothing has…
Things you can do to ensure you get your maximum Social Security benefit
The Social Security Trust Fund reserves are estimated to become depleted in 2033; at that time, Social Security income would be sufficient to pay 77 percent of scheduled benefits. Of course, the government can step in before 2033 and correct…
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,…