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Seniors are facing an automatic 23% cut to benefits, unless Congress takes action. First, legislators would have to admit ...
In just the last 10 years, Social Security’s unfunded obligations have more than doubled. Currently at $20.4 trillion, this is $157,000 per household.
Unfunded Social Security obligations total $28 trillion, akin to the entire U.S. GDP. Projections indicate Social Security spending will reach 6% of GDP by 2035.
While those are eye-popping numbers, they omit another kind of debt—unfunded promises made under such entitlement programs as Social Security and Medicare. “Unfunded” is the amount by which ...
Social Security Administration says it's processed 30,000 claims under the Social Security Fairness Act. Only about 2.97 million more to go. $3,500 iPhone possible?
The latest annual Social Security Trustees Report estimates that America's top retirement program will be contending with $23.2 trillion in unfunded obligations through 2098. Five ongoing ...
It took 40 years for Congress to pass a law to boost Social Security for public workers. Now, SSA says they must wait at least a year for the money.
They’re people who paid into the Social Security system when working in ... “We are about to pass an unfunded $200 billion spending package for a trust fund that is likely to go ...
There is a much overdue high-level discussion on how we approach comprehensive reform in social security and retirement planning. The crux of the matter lies in the unsustainable state of the National ...