solvency
Sounding the Alarm: Social Security in Financial Trouble
In somewhat of a “Johnny-come-lately” mayday alarm, this MorningStar article by Jessica Hall reports that the latest from the Congressional Budget Office (CBO) is that Social Security’s reserves may be fully depleted in about the year 2032 – an issue…
The Social Security Conundrum
It should be no secret to anyone who stays abreast of the news these days, Social Security – the nation’s primary program to avoid poverty in our senior years – will soon be facing a financial crisis! According to the…
The Social Security Full Retirement Age – U.S., compared to other countries.
In this time of uncertainty about the financial stability of our U.S. Social Security program – especially its ability to meet its long term financial obligations – included in the various reform proposals is the concept of raising the U.S.…
Social Security’s Financial Outlook
There is a lot of talk these days about the financial outlook of the Social Security program, because the Trustees of that program suggest that the reserves which now supplement everyone’s monthly SS benefit are likely to run dry in…
Social Security: Financial Reality and Politics
Those who focus on Social Security’s looming 2033 financial crisis know that there is a solution to the problem. The data are fairly easy to understand – Social Security must increase revenue while also reducing costs – to avoid an…
More on Social Security’s financial dilemma
As a companion to another article posted today hereon, this Roosevelt Institute article by Stephen Nuñez provides substantial detail about why a Social Security issue exists, and what can be done to prevent the Social Security Trust Funds from being…
Root Cause Analysis: The SS Trust Fund Shortfall
As we have heralded on this website for years, the Social Security Trust Funds are facing a financial crisis in about the year 2033. That is the point, on current course, that the Trust Funds will be fully depleted, necessitating…
Social Security won’t be going bankrupt, but ….
The word “bankrupt” suggests that the Social Security program would disappear entirely, and that is not something which can realistically happen. But Social Security “insolvency” is, in fact, a real possibility – and that’s a scenario where Social Security doesn’t…
About Social Security Solvency
in this article by Jeffery Snyder appearing at The Street, the author interviews a well known expert on Social Security matters, Andrew G. Biggs. Mr. Biggs is a scholar at the American Enterprise Institute and a former executive with the…
Imagine No Social Security
In 1971, the iconic songwriter John Lennon penned the lyrics to his famous song “Imagine,” asking us to picture a world in total peace and harmony. Although it was a call to imagine what life would be like in a…