The simple Social Security fix no one wants to talk about

One change could eliminate the long-term shortfall, promote tax equity and allow a modest benefit increase now The 2012 Social Security Trustees' Report shows the nation’s most important and popular social insurance system is on sound financial footing for at least another generation. With $2.7 trillion in its trust fund, Social Security can pay full …

Continue reading The simple Social Security fix no one wants to talk about

Average life expectancy increasing – but for whom?

From Ten Reasons Not to Cut Social Security Benefits: The main argument for hiking the Social Security retirement age—which amounts to an across-the-board benefit cut of about 7 percent for each year it is raised—is that average life spans are increasing. But longevity improvements are highly concentrated among upper-income and well-educated Americans. Over the past …

Continue reading Average life expectancy increasing – but for whom?