demanding a growing share of the federal budget, the deteriorating U.S. fiscal position requires urgent and comprehensive action. Saving Social Security is an essential part of that effort.
Social Security's finances have improved slightly in the last year. But the popular retirement program still faces big challenges including the threat of automatic benefit cuts in less than a decade.
Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.
As the prospect of Social Security running out of funding looms closer, the options for how to save the U.S.'s largest welfare system are on the table.
Students with parents without a Social Security number will finally be able to submit FAFSA, with the Department of Education saying a fix is coming.
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Andrew Biggs, who was nominated to the Social Security Advisory Board by President Joe Biden, weighs in on his thoughts on the future of the program.
Possible Fixes A fix is clearly needed to avoid a reduction in Social Security benefits when the trust funds run out of money. Many solutions have been proposed to ensure that Social...
There must be 50 ways to fix Social Security. OK, that’s not a direct quote of the Paul Simon lyric, but I find myself humming the tune every year when the Social Security trustees issue their annual report on the program’s health. Like clockwork, you can expect to see misleading headlines warning that Social Security is going broke or running out of money. And you’ll see similar headlines about the report of the Medicare trustees. This year, let’s consider the inaccurate news coverage i...
Voters won’t brook much higher taxes, so Social Security needs to be reoriented toward the poor.