Income Disparities for the Elderly Affect their Health and Quality of Life

Economic conditions and income inequality in the United States have been a heavily debated topic over the past several decades, especially since the post-recession economy has further made the most wealthy in the U.S. more wealthy, and has drastically decimated the wealth of the middle class and the poor. Perhaps no other population has been affected more than the elderly, who have seen significant increases in financial inequality.… [Read more]

What’s Changing For Medicare and Social Security?

For millions of Americans, Social Security, Social Security Disability, and Medicare is a crucial part of their livelihood, but it can also be extremely confusing to understand. Recently, President Obama signed into law a bipartisan budget bill that changes Social Security and Medicare. Regardless of what side of the political aisle you’re on, it’s important to know and understand the changes that were made and how the changes will affect millions of Americans.… [Read more]

Reduce The Risk of Getting Fixed: Solving Unsustainable Social Security Trends

It’s not secret that Social Security isn’t and won’t be around forever unless major change takes place. In fact, more than one-third of retirees rely on their social security for 90 percent of their income, reports AARP. The Social Security scare doesn’t only apply to your beloved parents and grandparents, it applies to people who are receiving Social Security disability (SSD) benefits.… [Read more]

The Crisis in Pensions and Retirement Plans

Despite being considered the financial centre of the world, it’s still very possible for the United States to learn from other countries. See the infographic below; it presents a brief history of retirement plans in the U.S. including state and local government pensions and Social Security. Now let’s put things in perspective: Countries with strongest pension programs (based on 2013 pensions, both public and private) rank the U.S.… [Read more]

Poverty: An American Epidemic

It seems hardly a day goes by without another news story about the 1%, the healthcare crisis or picketing laborers. The truth is that a shocking number of Americans are living at or below the poverty line.

By the Numbers

According to U.S. Census data from 2012

  • Nearly 46.5 million people are living in poverty, up from 46.2 million in 2011;
  • 18.9 million are white non-Hispanic, 13.6 million are Hispanic, 10.9 million are Black/African-American, and 1.9 million are Asian;
  • More than 16 million children (under age 18) live in poverty.
[Read more]

The Case for Expanding Social Security

Our friends at Democracy for America and MoveOn.org posted this infographic that we want to see shared far and wide. The mission is to “combat this growing retirement security crisis and tell Congress that Americans support expanding Social Security — not cutting it.”

On this site we’ve commented about this issue repeatedly; we note that when politicians talk about cutting so-called “entitlements” they neglect to note that if a person has worked and contributed to the system, s/he is ‘entitled’ to receive funds back from that system because it’s actually an earned benefit.… [Read more]

Into the Wayback Machine to 1000 CE

Congressman Joe Barton (R-Texas) stated that harnessing wind power will make the earth hotter because it will make the wind slow down. This is not the first time members of the Grand Ole Party have made absolutely astonishing statements when it come to science. The Party of No is the party of No because they know nothing.… [Read more]

Retirement Saving: Steps for the Sandwich Generation

Maybe you’re one of those people who has two major responsibilities right now – your kids and your aging parents. Of course, your folks can probably depend on Social Security and their personal retirement funds for a little while longer, but your children are wholly defenseless. At the same time, you have to start seriously considering your own future savings.… [Read more]

Will we keep the ‘social’ in Social Security?

“There is no more important domestic issue on which we have to have a national consensus than social security, because it affects just about all of us either as current beneficiaries or current taxpayers. Continuing the minimum benefit for present beneficiaries reflects a bipartisan consensus, which I strongly support.” ~ Ronald Reagan, December 29, 1981

Subsequent to that time, interfund borrowing ensued as what was supposed to be a temporary solution to fix financing difficulties faced by the Social Security program.… [Read more]

Immoral…

Religious leaders have called it immoral; some have even suggested that Jesus himself would oppose it. Various leaders of the Republican party have opposed it and even David Stockman, Ronald Reagan’s budget director, called it a fairy tale. Many on the left have referred to it as ‘austerity on steroids.’

What has all of these different people so upset?… [Read more]