Browsing Tag
Social Security
396 posts
Social Security is a U.S. government program that provides financial support to retirees, people with disabilities, and surviving family members. It’s primarily funded by payroll taxes and provides monthly benefits to those who have contributed to the system.
Macron Raises French Retirement Age to 64 Despite Strong Opposition
Controversial change becomes law and dents French President’s popularity as U.S. lawmakers consider tough choices in effort to bolster Social Security’s solvency
New Inflation Data Shows 2024 Social Security COLA Still Headed Below 3%
Latest forecast for next year’s cost of living adjustment stays below 3%, which would be significantly below this year’s 8.7% increase
Most Americans Not Counting on Social Security for Retirement Income
Allianz Life study finds majority of Americans—and Gen Xers in particular—are worried about their long-term financial stability
Just How Strongly Americans Oppose Social Security Cuts: AP-NORC Poll
Nearly 9 in 10 over age 45 oppose cutting benefits as latest trustees report shows insolvency only a decade away
Next Retirement Reforms Need to Be ‘Smart’ Defaults: Shlomo Benartzi
Famed behavioral economist tells NAPA 401(k) Summit the best nudge—auto enrollment—can be even better with smart defaults
Social Security Trust Fund Projected to be Depleted in a Decade
2023 Social Security Board of Trustees Annual Report projects nearly 25% benefit cut by 2033 absent Congressional action
Latest Bill Pushes for Increased Social Security Earnings Limit
The Senior Independence Act would raise the annual earnings limitation to $30,000 for 2023
The Rage Over Raising the Retirement Age
As talk in the U.S. ramps up over a desire to raise Social Security’s full retirement age to tackle looming insolvency, France and China are changing laws to address demographic challenges
Older Adults Greatly Underestimate Social Security Benefits: NBER Research
Working paper shows that on average they shortchange monthly income by $158 per month or nearly $2,000 per year
2024 Social Security COLA Could Drop Below 3%
Looming recession could mean next year’s cost-of-living adjustment will fall well short of this year’s historic 8.7% raise