How Did the Pandemic Make Social Security Sicker?

While the financial future of Social Security has been shaky for awhile, now, the pandemic has accelerated the trend.

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…

The Huge Social Security Contradiction

Because saving Social Security takes us to a conflict between math and politics, the Congress has has a tough time selecting solutions.

Why Grandma is Smiling

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.

How Social Security Is in Worse Shape Than We Think

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…

A New Reason To Worry About Social Security

With spending exceeding payroll tax income, Social Security deficits have already begun that a trust fund back-up will have problems covering.

Why the Social Security Crisis Has Begun

Caused by aging baby boomers, expanded criteria and the remnants of the great recession, SSDI entitlement spending is approaching insolvency.

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.

Federal Debt: The Social Security Lockbox

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…

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…