* Per the Social Security Administration: Social Security is the largest source of income for most elderly Americans today, but Social Security was never intended to be your only source of income when you retire. You also will need other savings, investments, pensions or retirement accounts to ...
This conflict has created the present situation where the sequester and recent increases in Social Security taxes have set the stage for a “grand bargain” that would begin deep cuts in entitlements by implementing the Administration’s “chained CPI” proposal. But, a number of things have now...
Bridging the enormous gap between the benefits promised to retirees and the resources available to meet those promises requires a long-term infusion of trillions of dollars. The Board of Trustees for the Social Security Administration (SSA) publishes an annual report on the sustainability of Social ...
The short answer is that because Social Security exists, the Treasury Department had to borrow less money from the public in the past few decades, when Social Security was running surpluses; but in the future, the Treasury will have to borrow more money from the public, because the Social S...
In my post titled Too Many Relying Too Much on Social Security, there were a couple interesting comments regarding the value of Social Security. Here's the first one: According to The Pension Right Center website, the average monthly Social Security bene
government through things like income tax (but excluding the Social Security payroll tax) and how much it was spending on normal operations (and excluding Social Security benefit payments), the deficit under the Bush Administration would have averaged about $200 billion a year more than it was ...
We obtain annual fundamentals from Compustat, daily stock returns from the Center for Research in Security Prices (CRSP), bond duration from the Wharton Research Data Services (WRDS) bond returns database, bond ratings from Mergent FISD, and probability of default data from the Credit Research Ini...
and branches and institutions under its administration. "Postal Savings Bank of China" or "PSBC" or "the Bank" or "we" in this report refers to "Postal Savings Bank of China Co., Ltd.". Time span of this report: From January 1, 2022 to December 31, 2022. Part of the contents may...
while providing security for their families, neighbors, and friends. The public areas of a multifamily residential environment devoid of defensible space can make the act of going from street to apartment equivalent to running the gauntlet. The fear and uncertainty generated by living in such an ...
Those who largely oppose Social Security altogether as an entitlement and previously argued for privatization are now primarily arguing for other means to change the program. For example, the Trump administration put in place payroll tax cuts during the COVID-19 pandemic that in turn lowered the ...