Social Security is just the tip of a very large iceberg
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In a memo he wrote recently to build the case for a major overhaul of Social Security, Bush aide Peter Wehner said Americans had to understand that "the current system is heading for an iceberg."
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Now you can solve America's biggest retirement problem.
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With a new Medicare drug benefit set to begin in 2006, Americans 65 and older can expect to spend a large and growing share of their Social Security checks on
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Whoever wins the election may have to make tough choices about Social Security's finances.
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Okay, you're sitting around dealing with Big Financial Questions. Where's the stock market going? Will your 401(k) be fat enough for you to retire on caviar rather than cat food? How are you going to pay your kids' college tuition? Forget all that small stuff. Your new Big Economic Challenge for...
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The debate in Washington, DC, has started over the reformation of Social Security. The 1935 plan of President Franklin D. Roosevelt is a safety net Americans have come to depend on.
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Sometimes one retirement account really isn't enough.
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The parties have not been this far apart ideologically on Capitol Hill for decades, some analysts say, which could make an overhaul of Social Security hard to achieve.
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Federal Reserve Chairman Alan Greenspan has done it again. For at least the fourth time this year, he has touched the electrified third rail of American politics - Social Security.
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More than 47 million Americans will get a 2.7 percent increase in their Social Security checks starting in January, meaning an additional &#36;25 per month for the typical retiree. But almost half of that gain will be gobbled up by a record increase in Medicare premiums.
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Goodbye Social Security, pensions, company health benefits and job security. Let the people decide what to do with their own money, as this new age&#39;s popularizers say.
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The nation's 47 million Social Security recipients got a bit of good news yesterday: their checks next year will increase 2.7 percent, or an average of $25 thanks to the program's annual cost-of-living adjustment. But looking further into the future, the news is less encouraging. A trio of forces -- higher taxes, rising medical costs, and a mandated increase in ...
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Government subsidies can be a real drag.
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Security is a very big and growing tech business. Cumulative private and public sector security spending in the U.S. is forecast to exceed &#36;1 trillion over the coming decade. The punditocracy has analogized this post-Sept. 11 trend to Cold War-era military spending; homeland security will be a short-term economic stimulus but, ultimately, like military spending, a drag on the nation's domestic production.
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I am sick of being blamed for bankrupting the country's future. The coming collapse of Social Security, soaring drug costs in Medicare, the breakdown of Medicaid -- all my fault! Because I and millions of others are growing older and are about to become eligible for these giant public programs.
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A SOCIAL SECURITY PROPOSAL: The Bush administration is considering allowing younger workers to invest nearly &#36;2 of every &#36;3 from payroll taxes in private accounts, up to &#36;1,000 to &#36;1,300 annually.
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America is "very concerned" about healthcare in retirement. That's okay with us.