The recent increase to Social Security's deficit is manageable and unlikely to be severely impacted by the unfolding economic implications of the COVID-19 pandemic, according to new research from The Center on Retirement Research at Boston College (CRR). Social Security's Financial Outlook: The 2020 Update in Perspective indicates that while the trust fund depletion date …

Continue reading Social Security’s Financial Outlook: The 2020 Update in Perspective

Via NCPSSM | It’s crucial that the news media put President Trump’s harmful proposals for payroll tax cuts in perspective.  Many publications are doing a decent job of that, including the Los Angeles Times, CNBC, and MarketWatch. But Reuters stumbled in a May 19 article about recent comments by chief White House economist Larry Kudlow: “A holiday, …

Continue reading Sorry, Reuters: Payroll Tax Cut Would Not Benefit Lower Income Workers the Most

[Via CEPR] Last month the Social Security Trustees published their annual report on the state of Social Security. Although two of the appointed trustee positions are vacant and the Trump administration has repeatedly called for cuts to the program, the Trustees (all Trump appointees) agree the program’s long-term outlook is optimistic.  Social Security, the program …

Continue reading Social Security is Strong and it Deserves more Support