With Social Security COLAs (Cost-of-Living-Adjustments) soaring, we wind up with a wage mismatch that accelerates funding problems.
While the financial future of Social Security has been shaky for awhile, now, the pandemic has accelerated the trend.
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…
Because saving Social Security takes us to a conflict between math and politics, the Congress has has a tough time selecting solutions.
A Social Security shortfall will create tradeoffs between the generations that get more than they paid to the system and others that get much less.
Twice last year– during February and August–we shared six facts about Social Security. Now, disagreeing with the Social Security Trustees 2018 Report, economists at the University of Pennsylvania suggest the program is in worse shape than we think. Social Security…
Caused by aging baby boomers, expanded criteria and the remnants of the great recession, SSDI entitlement spending is approaching insolvency.
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