Social Security

The 2024 Republican Platform’s Empty Promises To Older Adults

The Republican party platform, orchestrated by former President Trump, is filled with promises for those it calls “our Great Seniors.”  But there is little or no real policy behind most of those campaign pledges. And the document is filled with many irreconcilable contradictions. The platform will be the GOP’s election-year policy framework coming out of its upcoming July 15-18 nominating [...]

By |2024-07-11T15:53:14-04:00July 11th, 2024|campaign 2024|0 Comments

Biden’s Budget Would Hike Medicare Taxes, Boost Medicaid Home-Based Long-Term Care

President Biden’s 2025 budget proposal, which will double as his presidential campaign platform, includes major proposals aimed at supporting older adults. It would raise taxes to help fund Medicare, increase federal support for Medicaid home-based care,, create a federal family leave program for those caring for older adults as well as children, and toughen regulation and inspections of nursing homes. [...]

By |2024-03-12T09:55:41-04:00March 12th, 2024|Joe Biden|0 Comments

Social Security Benefits Seem To Be Increasing, But Are They Really?

In response to the recent burst of inflation, the government increased Social Security benefits significantly in the past two years. But compared to average pre-retirement income, net benefits have been falling for decades. And the trend will continue. One big reason: Rapidly rising Medicare premiums that usually are deducted directly from Social Security checks. Think about Social Security benefits in [...]

By |2024-02-27T16:06:20-05:00February 27th, 2024|Social Security|0 Comments

Retirement Savings Are Growing, But Not For Everyone

There is a seemingly endless debate about whether Americans have sufficient savings for retirement (see here and here). The answer is that many do. But tens of millions do not. Overall retirement assets have grown enormously in recent years-- to $36 trillion, despite a terrible stock market in 2022. But looking at total retirement plan savings, or even average 401(k) [...]

By |2023-12-14T10:20:19-05:00December 14th, 2023|Aging|0 Comments

Should State Long-Term Care Insurance Funds Invest In Stocks?

California’s evolving effort to build a public long-term care insurance program includes an important, and potentially far-reaching, feature: The insurance fund would be allowed to invest some assets in stocks. This would be a dramatic change for both social insurance and long-term care insurance. For example, Social Security is allowed to invest only in Treasury bonds. Regulators require private long-term [...]

By |2023-06-22T13:46:52-04:00June 22nd, 2023|long-term care insurance|0 Comments

The Worldwide Debate Over Raising The Retirement Age

In the U.S., some Republican lawmakers are proposing  to raise the age of eligibility for full Social Security benefits, provoking withering criticism from President Biden and many Democrats. But the debate over when government should begin paying retirement benefits isn’t just a controversy here. It is happening all over the world. French President Emmanuel Macron has proposed gradually raising the [...]

By |2023-03-15T11:20:25-04:00March 15th, 2023|Social Security|0 Comments

What Will The Mid-Term Elections Mean For Seniors And Their Families?

What will last Tuesday’s election mean for older adults and their families? A slim Democratic majority in the Senate combined with what is likely to be narrow Republican control of the House likely means no new legislative initiatives will pass Congress in 2023. The Biden Administration’s ambitious plan to support frail older adults and their families is dead, at least [...]

By |2022-11-16T10:42:53-05:00November 16th, 2022|Federal senior services programs|0 Comments

Politicians Arguing Again About Social Security. That’s Good

Suddenly, Social Security reform is back in the news. For all the wrong reasons, perhaps. But at least politicians are talking about it. And that’s a good thing. After all, in only about a dozen years, the Social Security Old Age trust fund will be insolvent and able to pay only about three-quarters of its promised benefits. Despite that looming [...]

By |2022-10-26T11:21:12-04:00October 26th, 2022|Social Security|0 Comments

Biden Proposed Raising Social Security Payroll Taxes By $740 Billion…And Still Got Elected President

An amazing thing happened in this year’s presidential election. A major party candidate proposed raising Social Security payroll taxes. And won.  More than that, it was never even an issue. What ever happened to Social Security being the third rail of American politics? The candidate, of course, was Joe Biden. He proposed a quite detailed plan for reforming Social Security [...]

By |2020-11-17T11:45:41-05:00November 17th, 2020|Social Security|0 Comments