Jump to Navigation
Jump to Content

Social Security

Baby boomers nearing 65 with retirements in jeopardy

News Item

Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they're hoping to retire.

More...

Those nearing retirement face challenges

News Item

All of us would like to retire with enough money to live comfortably. But many baby boomers who are nearing retirement face economic disaster because of failed investments, plummeting home prices and waning pension plans

More...

Happy 75th, Social Security!

Blog entry

Our birthday present to you is that we are going to stop policymakers from chopping you to pieces.

Social Security, you've been providing an economic lifeline that millions of Americans rely on. It's too bad that on your 75th birthday, you're under siege like never before.

More...

Social Security matters to America's budget - Don't cut it!

Blog entry

Over the last few months you've probably heard reports about the president's fiscal commission. Word around town is that this secretive commission, with its stated goal of reducing the federal deficit, is seriously considering cuts to Social Security. More...

Billionaires for Retirement INsecurity

Blog entry

Yesterday I joined friends from Social Security Works, OWL - The Voice of Midlife and Older Women, Social Security Matters, the Alliance for Retired Americans, the Economic Policy Institute, and others outside of the Ronald Reagan Building and International Trade Center as Pete Peterson (you know him, he's the one who is trying to scare everyone into thinking that Social Security is on its last legs - don't worry, it isn't) hosted a closed-door meeting of millionaires and billionaires, at which cutting Social Security was a primary point of discussion.  More...

Senators...Keep your hands off Social Security

Blog entry

Senators Kent Conrad and Judd Gregg, the leaders of the Senate Budget Committee, are proposing to set up a commission that they argue is necessary to address tough budgetary issues. In reality though, the proposed commission is likely to force Congress to make destructive cuts in Social Security.  More...

Poverty and older Americans: A look behind the numbers

Blog entry

New data released by the U.S. Census Bureau contains information that may come as a surprise: Of the age groups surveyed (ages 18 and under, ages 18-64 and individuals age 65 and older), it was the group of Americans age 65 and older who have the lowest rate of poverty at 9.7 percent. More...

Radical thinking from...BusinessWeek?

Blog entry

A timely and provocative op-ed by BusinessWeek's contributing economics editor Chris Farrell flatly states, "Keep Wall Street Out of the Retirement Business."  Farrell goes on to ask:

Question is, in light of the current turmoil in the financial markets, should Wall Street manage any of our long-term retirement savings funds? Is the 401(k) plan, which has become the main retirement savings vehicle for the American worker over the past three decades, a mistake? The case for rethinking the 401(k) as a pillar of retirement savings is compelling. More...

Social insecurity

Blog entry

Last week the federal minimum wage rose to $6.55 an hour, increasing the annual earnings for a full-time minimum wage worker to $13,624.  While it's certainly the right move for Congress to raise the minimum wage for current workers, it raises an important question about retired workers.  Take a look at our statistics page and you'll see why: The average retired worker's Social Security check is now less than that of a minimum wage worker. More...

print Syndicate content