Articles About Social Security

Will the real 47 percent please stand up?  Although Republican presidential candidate Mitt Romney in a now famously leaked video suggested that nearly half of Americans believe that they are victims for relying on Social Security, Medicare, Medicaid, unemployment benefits, etc., we thought it might be helpful to look at who benefits the most from […]

Social Security Commissioner Michael Astrue calls it “America’s silver tsunami.” The name Kathleen Casey-Kirschling likely doesn’t ring any bells with the majority of Americans.  She holds the singular honor of being the nation’s very first baby boomer, born one minute after midnight on January 1, 1946 in Philadelphia celebrating her 65th birthday on New Year’s […]

Americans’ confidence in having adequate money to retire on has hit a 20-year low, according to a survey by the Employee Benefits Research Institute (EBRI).  “We’re getting the most pessimistic results we’ve ever seen,” said Jack VanDerhei, EBRI’s research director and the study’s co-author.  “Those that are not well prepared are finally starting to get […]

Implementation of the historic Dodd-Frank bill – which President Barack Obama signed into law last July to regulate Wall Street against the excesses that led to the Great Recession — is in danger of being gutted if Republicans’ proposed deep spending cuts become a reality.  Representative Barney Frank (D-MA) pointedly criticized Republicans’ proposal to slash […]

Illinois ranks as the nation’s worst state to retire in,  according to a study by TopRetirement.com. The nine other losers include California, New York, Rhode Island, New Jersey, Ohio, Wisconsin, Massachusetts, Connecticut and Nevada.  John Brady, TopRetirement.com’s president, says the 10 states belong on this list because of their fiscal health (poor), taxation (high) and […]

One-fourth of American workers have saved less than $1,000 for their retirement, according to a report from the Employee Benefit Research Institute (EBRI).  The EBRI survey reveals that 27 percent reported saving less than $1,000 for retirement, not counting the value of their home or defined-benefit plans.  A similar percentage reported saving between $1,000 and […]