#Social Security

With the aging of the population expected to strain government resources in the coming decades, it is crucial for Americans to save substantial amounts of money for retirement. Unfortunately, many fail to do so.Only about six in 10 workers report…

The Congressional Budget Office created a stir when it reported last week that Social Security paid out $37 billion more than it took in last year. The CBO projected that Social Security would run perpetual cash deficits from this point…

Urban Institute scholar Gene Steuerle has run the numbers and found that for Medicare, retirees are getting a really good deal.In a fascinating set of calculations, Steuerle and colleague Stephanie Rennane, looked at both Social Security and Medicare and estimated the levels of benefits relative…

By now we've seen a number of proposals for fiscal sustainability from groups with very different perspectives. (more…)

Since Medicare will put far more pressure on the federal budget than Social Security will in the future, some people question whether the country really needs to worry about Social Security reform. Yes, we do. As Diane Lim Rogers, Concord’s…

Social Security’s contribution to the overall fiscal gap over the coming decades is smaller than Medicare’s, as the program’s trustees have again made clear in their annual report. If Social Security contributes so much less to the fiscal gap than Medicare, some…

Lollipops became an unexpected point of contention as the President’s fiscal commission turned its attention to Social Security. Barry Anderson, who has been head of budgeting at the Organization for Economic Cooperation and Development, said he passed them out to…

As Congress returns from its July 4 recess, hearings on Capitol Hill will focus attention on the economic outlook, Social Security, future tax rates and government contracting. Lawmakers will be working against a backdrop of mounting public concern over the…