So I’ll simply share this chart showing the dramatic change in the age-dependency ratio between now and the end of the century. The bottom line is that America’s Social Security – and systems in other nations that also are based on the pay-as-you-go approach – are doomed. The nati...
Comprehensive and meticulously documented facts about Social Security. Learn about Social Security's taxes, benefits, financial status, reform options, and more. For example: • Taxable Maximum • Causes of Fiscal Problems • Old-Age Benefits • “Looting the Trust Fund” • Personal Ownersh...
Think of it as Social Security is a government-guaranteed, inflation-adjusted annuity. There is NO guarantee that interest rates in the future will be 5% or 4% or even 3%... or have a positive return at all. At times, interest rates are next to nothing. WHEN SHOULD YOU FILE?
Currently, the Social Security Board of Trustees projects program cost to rise by 2035 so that taxes will be enough to pay for only 75 percent of scheduled benefits. This increase in cost results from population aging, not because we are living longer, but because birth rates dropped from thr...
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byNathan Ross/ ⠀News/April 23, 2024 Predicted adjustments to the cost-of-living adjustment (COLA) for Social Security beneficiaries might be greater due to a recent surge in inflation. This, however, is based on data from March’s inflation rates and will depend on the Consumer Price Inde...
It’s been ten days since the Social Security annual report to Congress has come out. I’ve been waiting for the devotees of SS to write something cheery about the report. For the most part the cheerleaders have been silent. That’s with good reason. The report stunk. There’s nothing...
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