Social Security

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

What Will Biden Do For Seniors?

In his campaign, President-elect Joe Biden promised a wide range of policy changes aimed at supporting older adults, including paid leave and tax credits for families caring for older adults, significantly more funding for Medicaid community-based long-term services and supports, and significant reforms to Social Security The question will be how much can he get done, given other priorities and [...]

By |2020-11-10T11:06:46-05:00November 10th, 2020|Joe Biden|0 Comments

What Biden And Trump Would Mean For Older Voters

As with so many issues, there is a major gulf between President Trump and former Vice President Joe Biden when it comes to issues that directly affect older adults. Biden has proposed a long list of specific proposals. Trump has said remarkably little about what he’d do in a second term, and that silence extends to programs that affect seniors. [...]

By |2020-10-26T13:54:56-04:00October 26th, 2020|campaign 2020|0 Comments

Why Won’t Congress Ease Medicare Enrollment For Those Not Yet Taking Social Security?

You are turning 65. But-- like 40 percent of other 65-year-olds-- you have not yet claimed your Social Security benefits. For many older adults, that choice makes good financial sense. Except for one problem: You may find yourself getting hit with big penalties for failing to enroll in Medicare.  Why? Because you probably didn’t know you had to. Congress could [...]

By |2020-01-10T09:36:19-05:00January 10th, 2020|Medicare|11 Comments

The Federal Government Will Spend Half Its Budget On Older Adults In Ten Years

In 10 years, the federal government will spend half its budget (not counting interest on the debt) on those aged 65 and older. The inexorable aging of the Baby Boom generation means that a growing share of federal spending will be used to support older adults—mostly for health care and retirement benefits. As CBO importantly notes, it is misleading to [...]

By |2019-02-01T09:25:16-05:00February 1st, 2019|Aging|0 Comments

A Constitutional Amendment To Cut Benefits For Old and Sick People

The House is scheduled to vote tomorrow on a constitutional amendment to require the federal government to balance its budget every year. Lawmakers would be more honest if they just called it a Constitutional Amendment To Cut Benefits For Old People. Because that’s who’d likely bear the brunt of the spending cuts needed to comply with such a balanced budget [...]

By |2018-04-11T15:18:37-04:00April 11th, 2018|Uncategorized|0 Comments

Immigration Curbs Will Weaken Social Security

President Trump has proposed deporting hundreds of thousands of immigrants and backed curbs on legal immigration into the US. The president’s aggressive views on immigration have generated intense debate over the past year, but much of that discussion has ignored a key issue: What immigration restrictions would mean for the long-term health of Social Security. A new study by my Urban Institute [...]

By |2018-02-21T15:21:07-05:00February 21st, 2018|Social Security|0 Comments

What the GOP Tax Cut Will Mean For Older Adults

Congress is nearing passage of a $1.5 trillion tax cut that would mostly benefit businesses and high-income households. For older adults, the effects are complicated. Some will receive large tax cuts. Some will be no better off and a few will be worse off. But beyond the immediate tax changes in the bill, the measure sets the stage for what [...]

By |2018-02-14T12:43:53-05:00December 15th, 2017|Aging|0 Comments

A Simple Solution To Medicare’s Enrollment Mess

Enrolling in Medicare Part B should be simple. But for years the government has been making enrollment nearly impossible for millions of seniors, especially those who are still working or who have delayed taking their Social Security benefits. They are never told that are eligible for Medicare, they don’t know that they face still penalties if they don’t enroll by [...]

By |2018-02-14T12:43:53-05:00October 25th, 2017|Blog|0 Comments

Older Adults May Be Making Much More Money Than We Thought

Older adults in the US may be making nearly one-third more, on average, than commonly thought, according to an important new study by two US Census Bureau researchers. Their report, published last month, finds that the median household income for those 65 and older was about $44,400 in 2012, significantly higher than the $33,800 previously reported by Census. The implications [...]

By |2017-08-30T11:21:10-04:00August 30th, 2017|Aging|1 Comment