Nov 15, 2014

Fallacy Of The Day: People Are Living Longer So They Are Working Longer

     This is from an article in the Social Security Bulletin.
FRA refers to Full Retirement Age, which used to be 65, is 66 now and will become 67.
     In case you're having trouble understanding these charts, they show that the vast majority of men and women go on Social Security retirement benefits before full retirement age. Any increase in the full retirement age functions far more as a benefit cut than as an incentive to work longer. The vast majority of people can't make it to full retirement age now. How can increasing full retirement age affect them other than to cut their benefits?

Nov 14, 2014

Americans Overwhelmingly Reject Social Security Benefit Cuts

     From a survey conducted by Greenwald and Associates for the National Academy of Social Insurance (NASI) in June 2014:

Nov 12, 2014

Americans Willing To Pay For Social Security

     From a survey conducted by Greenwald and Associates for the National Academy of Social Insurance (NASI) in June 2014:

Nov 11, 2014

Nov 10, 2014

Americans Overwhelmingly Support Raising FICA Cap To Finance Social Security

     From a survey conducted by Greenwald and Associates for the National Academy of Social Insurance (NASI) in June 2014:

Nov 9, 2014

Americans Overwhelmingly Oppose Reducing Social Security Benefits Even If It Means More Taxes

          From a survey conducted by Greenwald and Associates for the National Academy of Social Insurance (NASI) in June 2014:

Nov 8, 2014

Interesting

     Maximus, a corporation that has a major contract with the U.S. Social Administration to administer the Ticket to Work program, has just been awarded a major contract to do disability determination for the United Kingdom's version of Social Security, the Department for Work and Pensions. Maximus is replacing a prior contractor which was having major problems.