Social Security

A crisis for seniors who rely on Social Security

It seems every time we talk about the long-term future of Social Security, many in Washington start clamoring to raise the retirement age or propose other ways to trim Social Security’s modest benefits. Those calling for cuts are missing the dire state of retirement security for the typical American. Traditional pensions have become a thing […]

Ten Ideas to Save the Economy #3: Expand Social Security

America is on the cusp of a retirement crisis. Millions of Americans are already in danger of not being able to maintain their standard of living in retirement, and the problem is getting worse. You hear a lot about how corporations are struggling to make good on their pension promises, and how Social Security won’t be there […]

Why raising the Social Security retirement age really does hurt the poor the most

a Social Security check means something very different to someone with no retirement savings than it does to someone with hefty retirement savings. Cutting 11 percent of the check someone lives on and 11 percent of the check someone barely notices are not the same thing. And, finally, cutting 11 percent of the check of […]

Valuing Social Security Benefits As An Asset On The Household Balance Sheet

As a guaranteed income stream that cannot otherwise be liquidated or reinvested, most retirees don’t think of their Social Security benefits as an asset. Nonetheless, its value actually can be calculated, given known payments and reasonable assumptions regarding interest/growth rates and life expectancy. – Kitches Read the full article here.