solvency
Raising the retirement age
Choosing when to start receiving your Social Security retirement benefits is an important decision that affects your monthly benefit amount for the rest of your life. For those born in 1960 or later, your full retirement age is 67 to…
The Growing Emphasis on Social Security Reform
As we’ve been reporting for the past several weeks and months, the rhetoric on Social Security reform is steadily building. In fact, this week brought a riveting debate that played out on MSNBC in prime time (see our previous posts),…
CATO Offers Thoughts on Stabilizing Federal Debt…and They Involve Social Security
In a post on cato.org, Cato Institute’s director of budget and entitlement policy, Romina Boccia, offers a set of benchmarks Congress should consider before finalizing a decision on the 2023 federal debt limit. As should be expected, her suggestions include…
CBS/YouGov Poll: Fixing Social Security Makes the High Priority List for 118th Congress
A nationally representative poll conducted last week by YouGov for CBS News posed the question of what should be the high priorities for the incoming Congress, and the top three responses were not a surprise: lowering inflation, protecting Social Security…
CBO latest long-term Social Security projections
The Congressional Budget Office released its latest long-term Social Security projections earlier this week, and the news is not good. The CBO forecasts the Social Security trust fund will be depleted by 2033, resulting in a 23 percent cut in…
Debt-ceiling debate prompts questions on Social Security’s future
As Congress debates the vote to raise the federal government’s debt limit, Social Security reform proposals are in the mix. Although the Social Security program lifts more than 22 million people above the poverty line, the program is facing a…
A Summary of Bi-Partisan Suggestions for the Social Security Dilemma
As the calendar continues to advance toward commencement of the 118th Congress, we’re seeing an uptick in reports of potential changes that could be considered to address this thorny and complex problem. In a post today on wfmz.com, The Motley…
Social Security and the Debt Ceiling Argument
Douglas A. McIntyre, co-founder, chief executive officer and editor-in-chief of 247wallst.com sounds the alarm for Social Security in the midst of negotiations on the nation’s debt ceiling. In his post, which you can read in full here, McIntyre suggests that failure…
We require a far more serious conversation about Social Security and Medicare
As both Social Security and Medicare programs are facing financial challenges in the near future, we–as Americans–deserve to have a constructive conversation about the future of Social Security and Medicare. Unfortunately, as we get closer to election day, we are…
Are you right to worry about Social Security?
The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2034. The Disability Insurance (DI) Trust Fund, which pays disability benefits, is no longer…