Tag: Social Security solvency

How Might Declining Population Affect Your Social Security?

If you are under 50, will Social Security still be there when you retire? The answer starts with a number, 2.1, that demographers call the replacement rate. When women have an average of about 2.1 children, a country’s population stays level. Below that, without...

Fact-Checking the Social Security Commissioner’s Email

A client called me last week wanting to know how to claim a $7,500 tax refund he thought he’d missed. His question was based on an email sent in early July to Social Security recipients from Frank J. Bisignano, commissioner of the Social Security Administration....

No, Social Security Is Not a Ponzi Scheme

Lately, I’ve been hearing the same question from clients and readers alike: “Is Social Security even going to be there in five years?” Fueling this concern is a recent viral comment from Elon Musk, who told Joe Rogan that Social Security is “the biggest Ponzi scheme...