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...

Shinseki on the Hot Seat As VA Scandal Spirals

By Rob Garver

A preliminary Government Accountability Office report released last night revealed that Eric Shinseki, the Veterans Affairs Secretary, has been presiding over a system in which dozens of hospitals...
The Government Entitlement Program That’s About to Dry Up

By Brianna Ehley, The Fiscal Times

For years, the Social Security Administration has warned lawmakers that unless they do something soon, the entitlement program for disabled workers will run out of cash by 2016. Still, as the program...
Rubio’s Retirement Savings Solution: Work Longer

By Rob Garver

Sen. Marco Rubio, the Florida Republican who shows every sign of running for the presidency in 2016, proffered several solutions to the dearth of savings among Americans approaching retirement age:...
Dems Say GOP Blocked Unemployment Insurance Hearing

By Rob Garver

House Democrats said that they were refused the use of a hearing room in the Capitol today for a hearing meant to highlight the plight of the long-term unemployed. The jobless workers and members of...
Unemployment Insurance Hearing Likely a One-Sided Affair

By Rob Garver

Tomorrow afternoon on Capitol Hill, seven unemployed workers are expected to testify before members of Congress on the problems of the long-term jobless in the months since Congress allowed a federal...

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