Social Security solvency
Social Security 2023: A Quick Refresher on the Changing Landscape
We’re two days away from a new calendar year and, as happens every year, the flipping of the calendar brings with it a slate of new parameters governing Social Security and affecting those receiving benefits. The GoBankingRates editorial staff has…
More on the Downside of 2023’s COLA
The extraordinary cost-of-living adjustment scheduled to appear in January Social Security benefits is a welcomed influx of cash for the 70 million Americans dealing with the inflationary pressures so prevalent in the U.S. economy. An 8.7% bump will help many…
Attention Millennials: Saving is the Key to Ensuring a Livable Retirement
The solvency dilemma facing Social Security is getting an increasing amount of attention these days, and the level of attention is expected to rachet up significantly in the 118th Congress. Will the problem be fixed? Maybe, maybe not, at least…
Will there be Social Security reform in 2023?
Social Security will be celebrating its 88th birthday on August 14, 2023. Like most 88-year-old systems, it needs some help. We are all aware the Social Security Trust fund will run dry in 2034, causing cuts to the benefits paid…
The Social Security Expansion Act
The Social Security Expansion Act (H.R. 8005) was introduced on June 9th by U.S. Rep Peter DeFazio (D-Ore). The purpose of this bill is to enhance Social Security benefits and ensure the long-term solvency of the Social Security program. Among…
Social Security Reform: The Stage is Getting Set for the 118th Congress
As we’ve reported several times this week, the rhetoric associated with Social Security’s long-range solvency issue seems to be building in the weeks before the launch of the next Congressional session. Yesterday, for example, we noted the stance the Biden…
Rep. John Larson and The Social Security 2100 Act: It may be back
Social Security reform has been of interest to Rep. John Larson (D-CT) for many years. Larson is expected to be named chair of the Social Security subcommittee on the powerful House Ways and Means Committee. It is anticipated his newest version of The Social Security…
More Discussion on Social Security Reform
Former presidential appointee and current senior policy fellow at the Bloustein School of Planning and Policy, Rutgers University Richard Keevey shares some thoughts on approaches to reforming Social Security in the face of its looming insolvency problem. After discussing the Congressional Budget…
Thoughts on Removing the Tax Cap to Save Social Security
Although it’s been a fairly constant part of many Social Security reform proposals, the removal of the annual limit on earnings subject to FICA tax as a way to address the program’s solvency issue continues to stall in the face of…
Prepping for Mid-Terms: Evaluating Candidates’ Claims About Social Security
We’re in the homestretch for the 2018 mid-term election cycle, and candidate ads are bombarding us from all sides. Many of these ads make reference to Social Security and the candidates’ views on handling it, either with a full-on reference…