Americans Misunderstand Social Security but Appear Open to Reform
Younger Americans seem ready to treat the program as a safety net, not a retirement plan.
Younger Americans seem ready to treat the program as a safety net, not a retirement plan.
What is paid out to Social Security beneficiaries is not a return on workers' investments. It's just a government expenditure, like any other.
The Social Security Fairness Act will boost payouts to public sector workers who receive pensions and did not pay taxes to support Social Security.
The reality raises questions about the kind of future we want to leave for the next generation.
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
Sometimes he calls for freedom, and sometimes he preaches something darker.
The old-age entitlement is unsustainable, unfair, and unnecessary. Replace it with something that helps the needy of any age.
In 1950, there were more than 16 workers for every beneficiary. In 2035, that ratio will be only 2.3 workers per retiree.
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
The biggest beneficiaries of economic growth are poor people. But the deepest case for economic growth is a moral one.
Many conservatives no longer appear to care much for fiscal conservatism.
The family of George Floyd probably won't be able to successfully sue Derek Chauvin in civil court because of qualified immunity, but they will help pay for the killer cop's retirement.
A new report from the Social Security Administration expects the program to hit insolvency by 2035. Some experts say it could happen as soon as 2028 if there is a serious recession.
Tax reform will change how Americans save for retirement, but lowering a tax deduction for 401(k) savings would be a fiscal and political misstep.
Expanding a retirement program that's not fiscally solvent is no way to treat the young.
If the program is so good, shouldn't government workers be included, too?
As it stands, convicted child pornographers in the Bay State can still retire on the state's dime.
A federal judge approved Stockton's bankruptcy exit plan which punts on pension debt. But other cities are free to tackle the problem, and they must.
President Obama proposes a federally managed retirement program.
82 percent over 50 expect to keep working
Financial crisis not helping
28 percent of Americans have no confidence they have enough money
A legislative push may create a 401(k)-style program instead
There's hope for America's worst generation
A journalist proposes taxing the money people set aside for savings and then forcing them to save money via the government instead
Opponents worry it will be used to prop up ailing state employees' programs
Blame laid on actually having to fund retiree benefits in advance rather than hiding them.
28 percent of the over-50 workers expect to have to keep earning a paycheck forever.
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