Page 23 - Security Trustees News Today

Social Security’s Disability Insurance (SSDI) program has existed for nearly 60 years. Over that time, it has morphed from a relatively small-scale, anti-poverty program into a massive system that provides benefits to one out of every 20 working-age individuals. Despite its size and expense, the program fails to keep millions out of poverty.

The 2010 annual report by the Social Security trustees has been released. It comes as no surprise that the Trustees Report predicts massive—and permanent—yearly deficits if the Social Security system is not reformed. Though the report shows that Social Security payments are secure for another five years, Social Security already owes $7.9 trillion more in benefits this year than it will receive in tax revenues. The time for reform is now—delay will only make each challenge and problem harde...

Sentor group of companies took over £2 million from investors as part of systematic scam.

Social Security has long been the backbone of American retirement, and many working Americans look forward to the day they can sit back and enjoy collecting a Social Security check. But Social...

Social Security has long been the backbone of American retirement, and many working Americans look forward to the day they can sit back and enjoy collecting a Social Security check. But Social...

Federal benefits, like Social Security benefits, grow with the cost of living to protect the value of benefits from inflation.

Both conservative and liberal lawmakers are looking for ways to expand access to paid family and medical leave in the United States, primarily through proposals that would create new national entitlement programs. As history—both across the world as well as in some U.S. states—shows, such programs always expand in size, scope, and costs over time. Such programs have unintended consequences and often end up redistributing resources from lower-income workers and families to middle-income and u...

The program isn't going to disappear, but you still need to brace for some changes.

Higher earners could be in for a major shock.

Some people might pull it off, but for most it's not worth the risk.