#Social Security

Personal savings are an essential part of good retirement planning, particularly as the needs of an aging U.S. population put increasing strain on the federal budget. Workers can expect to need substantial amounts of money to help pay their living…

The latest Financial Report of the U.S. Government shows that despite recent lower deficits, long-term fiscal policy remains on an unsustainable course.The annual report, released by the Department of the Treasury, says that despite cuts to discretionary spending and increased…

Opponents of Social Security reform argue that Social Security has nothing to do with the federal deficit, and that any problems the system may have are decades away.Since 2010, however, Social Security has actually been running cash deficits. A new…

A cost-of-living adjustment (COLA) will increase Social Security benefits by 1.5 percent in January, resulting in an average monthly raise of $19 for millions of disabled and retired workers.The adjustment, announced last week by the Social Security administration, is based…

Social Security and Medicare are important, popular programs on which millions of Americans depend. But both require significant reforms to enable them to deal with rising health costs and aging baby boomers -- and still be able to serve future…

This year will mark the end of a four-year string of trillion-dollar-plus federal deficits that have troubled the American public and caused turmoil on Capitol Hill. (more…)

The 2013 Social Security and Medicare Trustees Report released last Friday highlighted many challenges ahead for the two programs, the most urgent of which is the impending insolvency of the Disability Insurance (DI) trust fund.In the absence of corrective legislation,…

WASHINGTON -- With today’s Social Security and Medicare Trustees Report showing the growing strain the two programs will have on general revenues in the years ahead, The Concord Coalition strongly urged lawmakers to resume negotiations on a long-term fiscal sustainability…