With every paycheck, we contribute to Social Security, and so do our employers. That’s how the program is funded. Then when we reach retirement age, incur a disability, or if a breadwinner dies, we are protected by modest but dependable monthly benefits. Maids, mechanics and millionaires – nearly all of us are covered because nearly …

Continue reading Scrap the Cap: Strengthening Social Security for Future Generations

Residents of a retirement home on their first official group outing since Mid March lock-down Image: Flickr Creative Commons | https://flic.kr/p/2j4CT1X [Forbes] The Covid-19 recession, like all recessions, threatens the wealth and retirement security of millions of workers. Job loss prompts people to stop saving, raid their nest eggs or go into debt by falling …

Continue reading Covid-19 Is Most Certainly A Retirement Story

[via Social Security Works] Today’s federal minimum wage[1] is only $7.25 an hour. It is worth less and buys less than it did a half century ago.[2] At the same time, the United States is at its wealthiest moment in history. The inadequate minimum wage hurts low-wage workers. In fact, it hurts all workers,[3] as …

Continue reading Enacting a $15 Minimum Wage is a Win for Social Security