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…
With spending exceeding payroll tax income, Social Security deficits have already begun that a trust fund back-up will have problems covering.
Caused by aging baby boomers, expanded criteria and the remnants of the great recession, SSDI entitlement spending is approaching insolvency.
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.
During the 2000 presidential campaign, candidate Al Gore referred to the lockbox in which he would keep the Social Security surplus. Still today, we can imagine a box filled with the dollars that have been accumulating since President Ronald Reagan…
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…
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