POINT: Social Security Deterioration
We have been writing about capital destruction. This week let’s look at an event which is currently making news. Social Security will begin tapping into its trust fund this year. This happens, as the Social Security Board of Trustees states antiseptica… (Continue to full article)
COUNTER-POINT: Why the Social Security Disability Fund Is Looking Healthier
The Social Security trustees’ report released earlier this month estimated that the Federal Disability Insurance Trust Funds will run out of reserves in 2032, four years later than expected. The improved solvency of the trust funds reverses a long process of fiscal decline for the program, which saw a doubling of the disability rolls in the last 25 years… (Continue to full article)
COUNTER-POINT to the COUNTER-POINT: Social Security benefits buy 34 percent less than in 2000
Housing and medical outlays top the list of fastest-growing expenses that retirees face. For example, average Medicare Part B premiums have risen 195 percent to $134 from $45.50 in 2000. “It’s not a pretty picture… (Continue to full article)
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