Social Security

Why Uncle Sam Seized $713 Million From Social Security Checks Last Year

By Kelli B. Grant, CNBC

If you're counting on Social Security benefits, you better make sure you don't owe Uncle Sam. Under certain circumstances, the government can seize part of your Social Security check to satisfy...
Oregon Just Took the Lead in Getting Americans to Save More for Retirement

By Eric Pianin

Bucking resistance from a Republican Congress and the Trump Administration, Oregon has become the first state to launch a program requiring private employers to either offer their own 401 (k) savings...
Trump’s 2018 Budget: F in Math, A in Provocation

By Edward Morrissey

Donald Trump campaigned on a promise to enact economic policies that would produce annual growth in gross domestic product (GDP) consistently higher than 3 percent. The US economy has not seen that...
The Heartless Tradeoffs in the Trump Budget

By Mark Thoma

As the bombshells continue to drop on the Trump administration, behind the scenes Trump’s first detailed budget proposal is being developed, and it has a few bombshells of its own, particularly for...
How Millions of Aging Baby Boomers Could Bust the Economy

By Eric Pianin

A new report not only highlights growing economic anxiety among an increasingly important and influential cohort of the population, but also suggests that this overarching pessimism and caution could...

How the Government Is Making It Harder for You to Retire

By Eric Pianin

Many Americans have saved shockingly little for their retirements, with one study showing that the median savings for households near retirement age is just $17,000. In the coming years, tens of...
10,000 Boomers Turn 65 Every Day. Can Medicare and Social Security Handle It?

By Eric Pianin

By the time the last of this generation approaches retirement age in 2029, 18 percent of the U.S. will be at least that age, the Pew Research Center projects. The Centers for Medicare and Medicaid...
The Growing Funding Gap for State Pensions Puts Millions at Risk

By Eric Pianin

Two new reports by the Pew Charitable Trusts suggest that state governments across the country are shortchanging their employee pension funds and aren’t adding enough money in emergency funding...
Here’s How Two Lawmakers Plan to Secure Social Security’s Troubled Future

By Eric Pianin

If nothing changes, by the time today’s 50-year old reaches retirement age, Social Security will be paying 21 percent less in benefits than it is today.
Trump Keeps Promise Not to Touch Social Security Reform – Or Did He?

By Edward Morrissey

Give Donald Trump credit for making his political career unique in many ways, to be sure. But one difference, in particular, has become a theme in his presidency: Trump keeps his promises. For the...

The Surprising New Realities of Today’s Older Americans

By Warren Sanderson and Sergei Scherbov, The Conversation

In 1985, American Richard Bass accomplished an amazing feat. He had set for himself the task of climbing the world’s highest mountains in all seven continents. In that year, at age 55, he completed...
Christie, Looking to 2016, Proposes Social Security Overhaul

By Luciana Lopez and Scott Malone, Reuters

New Jersey Governor Chris Christie on Tuesday touched on one of the more controversial policy issues - reforming the Social Security program for retirees - as he sought to regain attention in a...
Outrage! Sexual Predators Nab $500K in Social Security Benefits

By Eric Katz, Government Executive

The Social Security Administration has paid more than $500,000 in benefits to sexual predators in recent years, according to a new report. In 1999, a new law was enacted that prevented SSA from...
Raising the Social Security Retirement Age Could Bridge the Income Gap

By Sharon Parmet, PHYS-ORG

"We're living longer and healthier than ever before, but the statutory age of retirement for receiving Social Security benefits doesn't reflect that," says lead author S. Jay Olshansky, professor of...
Will the Medicare ‘Doc Fix’ Lead to Real Entitlement Reform?

By Eric Pianin

The dramatic bipartisan Medicare breakthrough that led to House approval last week of a plan to establish a new formula for paying doctors raised an intriguing question: Are other important...

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