Social Security is fine for at least 26 years – here’s the permanent fix

From the Huffington Post: By Robert Reich New Jersey Governor Chris Christie, a Republican presidential hopeful, says in order to "save" Social Security the retirement age should be raised. The media are congratulating him for his putative "courage." Deficit hawks are proclaiming Social Security one of the big entitlements that has to be cut in …

Continue reading Social Security is fine for at least 26 years – here’s the permanent fix

How is Social Security so effective at preventing poverty?

From the Alliance for Retired Americans: Social Security benefits are based on a worker’s earnings; the more a worker makes, the higher the benefit amount will be. Because some workers are in low paying jobs and have little income to save for retirement, Social Security uses a benefit formula that replaces a greater fraction of …

Continue reading How is Social Security so effective at preventing poverty?