Social Security solvency
A Misguided Approach to Solving Social Security’s Financial Issue
In this somewhat scathing indictment, noted economist Alicia Munnell discusses a proposal by U.S. Senators Cassidy and Kaine to solve the Social Security program’s financial woes through borrowed funding. The so-called Cassidy-Kaine Proposal suggests that the federal government borrow $1.5…
A Resource for You; A Mission for Us
Every story begins with a vision. And almost every vision begins by recognizing a problem that needs fixing. Such is the case with this story – one of a problem recognized some years ago, which resulted in a vision, which…
The Financial Status of Social Security
Is Social Security really “going broke?” Well, it is not, because SS benefits will always be there as long as American’s are working and contributing to the program. But Social Security IS facing financial issues in about 6 years because…
Discussing Social Security’s Financial Issues
There is much discussion these days about Social Security: Is it “going broke?” Are my future benefits at risk? Will there be a benefit cut soon? If so, when? All of these are valid questions which every senior should stay…
Is Social Security Going “Broke?”
Despite the assertion in this article’s headline that “SSA Going Broke in 7 Years,” the reality is that no such fate awaits you if you are collecting SS benefits. In other words, you aren’t in danger of your Social Security…
Friday News Roundup: Social Security’s Projected Insolvency A Hot Topic
This morning’s crop of Google Alerts on Social Security brought with it a sampling of eye-catching headlines. For example, Newsweek ‘s “ Social Security Shortfall Could Turn US Into Venezuela by 2032 “ and SILive.com ‘s “ Social Security Doomsday…
Sovereign Wealth Fund in the News…Again
The idea of a $150 trillion debt-funded solution to Social Security’s long-term actuarial problem has been in play for some time, with conflicting views on how — or if — it would be a viable solution. We covered an initial…
High-end Social Security Benefits Coming Under Fire?
As anticipated, the rapidly approaching depletion of Social Security’s trust fund reserves is bringing a variety of viewpoints into focus. Wth just six years remaining on the countdown clock, it’s not unexpected that the pace of suggestions for fundamental program…
Social Security is six years from insolvency
We keep hearing that the phrase “Social Security Trust Fund insolvency” will happen soon. But most of us tune out the actual timeline of when it will happen. Social Security has six years left, according to the new report from…
Updated forecast moves depletion date up a year
The Congressional Budget Office (CBO) reported in February that now Social Security’s Old-Age and Survivors Insurance Trust Fund—the primary fund that pays benefits to retired workers, their families, and some survivors of deceased workers—will be exhausted in 2032. It should…