Wall Street’s ‘Solution’ To Every Problem: Cut Social Security

Image: Jonathan Gross via Flickr Creative Commons, https://flic.kr/p/s97QkP Wall Street, anti-government ideologues, and others determined to cut Social Security have their solution. They just need to find the right problem. There is a dead giveaway that this is what is going on: Their solution is always the same, even though the problem keeps changing. Indeed, …

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Growing life span inequality has given the rich an extra $130,000 in government benefits

Image: Neil Moralee via Flickr Creative Commons, https://flic.kr/p/WzjDig The federal government spends a large amount of money to support the living standards of elderly people — primarily through Social Security and Medicare but with significant helping hands from Medicaid and disability insurance. That amount is growing as a share of the economy because productivity growth …

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Middle-Class Americans’ Big Stake in Social Security

While Social Security provides a foundation of economic security for people at all income levels, new research from the Social Security Administration (SSA) illustrates its importance for those in the middle. Among beneficiaries over age 65: Social Security is the main source of retirement income — providing more than half of total income — for …

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