Social Security
Gen Z and Millennials Continue to Lack Faith in Social Security
Polls have suggested for more than a decade that younger Americans do not believe the Social Security program will be there for them. Megan Leonhardt of CNBC writes here on a study by Northwestern Mutual’s 2020 Planning & Progress. It finds…
Social Security and Death: What Happens Next?
When someone receiving Social Security benefits passes away, most people know that monthly benefits must soon stop. But when? Who notifies who? You may wonder how the government knows to stop sending that monthly money. What if there is a surviving spouse or…
The Second Stimulus, Social Security Recipients, and More
In a trio of articles here by Alison DeNisco Rayome and others of cnet.com, she covers all that one would want to know about the second round of stimulus payments passed by Congress and signed by President Trump at the end of…
Stimulus Checks Dominate the News
President Trump signed the latest Covid relief bill on Sunday, ending the standoff and clearing the way for much-needed financial relief for Americans suffering from the pandemic’s economic devastation. The measure also paves the way for additional funding for most Americans in…
Preserve and Modernize Social Security says AMAC
Social Security’s long term problems will confront a President Biden and the next Congress whether either likes it or not. AMAC believes the promise to guarantee Social Security for all Americans must be kept. Our goal since first introducing our…
Liberal Advocacy Group Urges Biden to ‘Clean House’ at Social Security
Erich Wagner, writing on GovExec.com summarizes a number of proposals coming out of the liberal advocacy group, Social Security Works. The group has long advocated expansion of Social Security and Medicare despite the fact that both programs need reform, as…
Social Security actuaries update projections for COVID-19
When the Social Security Trustees released its yearly report on the program’s financial health last April, it made clear that the outlook did not take into account the Covid-19 pandemic. Various commentators have suggested that the insolvency date might move…
Medicare Premium Deductions and Social Security Benefits Explained
Medicare and Social Security are separate and distinct federal programs, each with a dedicated revenue stream from different parts of a combined 15.3% payroll tax levied on workers and employers. But Medicare recipients also pay premiums. This very comprehensive piece by Healthline.com…
AMAC’s Revamped Social Security Guarantee Now More Important Than Ever
The election may be in the rear view mirror, but Social Security’s long term problems await action by the President and Congress. AMAC believes the promise to guarantee Social Security for all Americans must be kept. Our goal since first…
Is It Fair That Social Security Benefit Accruals Stop After 35 Years Of Work History?
In a very different kind of piece, Elizabeth Bauer of Forbes dives into the 35 year averaging of Social Security work history. She notes the program is not the same as a private pension system but is social insurance nonetheless. …