Why a (Social Security) COLA Might Be Too Sweet

With Social Security COLAs (Cost-of-Living-Adjustments) soaring, we wind up with a wage mismatch that accelerates funding problems.

How COVID-19 Affects Social Security’s Health

According to a University of Pennsylvania economist, just three questions can serve as a barometer of financial literacy. Do give them a try. I’ve listed the correct answers at the end of today’s post: As a pension expert, Wharton School…

What the Pandemic Will Do to Social Security

A looming Social Security shortfall could happen much sooner because of pandemic spending and its impact on the birth rate.

Why Social Security Needs Immigrants

Because unauthorized immigrants pay billions of dollars in payroll taxes, they are one solution to the Social Security solvency problem.

Will You Get Your Social Security Benefits?

The 2014 Social Security Trustees Report says that after we deplete the remains of the program’s trust funds in 2033, payroll taxes will not provide all promised benefits.

More Than a Mandate

Yesterday, the odds on intrade were 76% that the Supreme Court will declare the health care insurance mandate unconstitutional. This started me thinking about Social Security during 1935. Several states had old age insurance and the federal government was feeling the…

Aging Benefits

When you combine better health care with generous pensions you get (choose one): happy retirees happy politicians insufficiently funded national pension programs the eurozone the United States other   To select an answer let’s begin with 1935. Just passed, the…

A Social Security Collision

Ask a 56-year old and a 26-year old about Social Security and you will probably get very different answers.  In the NY Times, an unemployed 56 year old woman said: “My investments took a bath, then being out of work…

Medicare Math

The ratio is 3 to 1. The “3” is how much Medicare recipients are receiving. The “1” is what they paid. Still though, you can see from this NPR report why most people call Medicare an entitlement. According to a…

Regulatory “Pay-Go”

Too much regulation? Senator Mark Warner’s proposed legislation is an interesting approach. Concerned that regulation is “stifling fresh investment and discouraging innovation,” Senator Mark Warner says the incentives have to change. Currently, when federal agencies create new rules, their power…