solvency
About Fixing Social Security’s Finances
More and more organizations are sounding the alarm – an alarm that the Association of Mature American Citizens (AMAC) has been sounding for years – that Congress must act soon to fix Social Security’s looming financial issues. This InvestmentNews article…
A Complex Problem: Social Security Solvency
For over 8 decades, Social Security has been paying earned benefits on time, providing a crucial source of income for eligible Americans. A Social Security payment has never been missed since monthly payments began in 1940, and a payment has…
Donald Trump & Social Security: A Most Curious Stance
Susan Ferrechio reports that Donald Trump has abandoned his previous stances pre-2015 on shoring up Social Security with a higher retirement age and private accounts in favor of essentially leaving the program as is. “You don’t have to touch Social…
Enemy of Social Security Reform? Public Apathy
Despite all the media warnings about Social Security solvency and possible across-the-board benefit cuts in about a decade, a recent Gallup poll suggests that 53% of Americans still think they’ll get everything they’re entitled to when it comes time for…
Allow “Phasing In” Social Security Benefits?
In this interesting opinion piece, one erudite expert suggests that Social Security should offer an option to allow phasing into retirement. This would be done by permitting one to first collect only a portion of their Social Security benefit early,…
Is Even Discussing Fiscal Sanity a “no no?”
Is the partisan divide in Congress so great that even entertaining ideas to deal with the ever burgeoning national debt is an unacceptable concept? Or is discussing reform of programs which will soon become insolvent (Social Security and Medicare) completely…
About Reforming Social Security
As we roll into this presidential election year, campaign rhetoric is already heightening, especially about Social Security. Most candidates pledge “not to touch” Social Security, while simultaneously suggesting that cutting the program is high on their opponent’s agenda. President Biden…
In a Sea of Red Ink, should Congress Seek Fiscal Reform?
With the national debt now exceeding $33 Trillion, and Social Security and Medicare facing insolvency in less than a decade, it’s hard for the average American to understand why anyone would oppose Congress seeking ways to restore fiscal stability. Then…
Why do the Rich get a Bigger Social Security Payment?
“The rich get richer” is somewhat of a common lament by those not enjoying financial freedom, which likely includes most of those collecting Social Security benefits. Indeed, a majority of Social Security beneficiaries say they rely on their SS benefit…
Spotlight on Social Security Tax– 200+ People Have Already Paid Theirs in 2024
Teresa Ghilarducci, a former economics professor, highlights the Social Security wage cap in this Forbes piece. Only the first $168,600 in wages in 2024 are subject to the combined employee and employer 12.4% tax, and many of the uber rich…