Archive for the ‘Social Security’ Category

President Obama’s Second Inaugural Speech

January 21st, 2013

I thought the President gave a strong and progressive second inaugural speech today, one that resonantly underscored the most important themes he’s been promulgating since before anyone even knew who he was.  What I don’t see so clearly is the path that goes from our budget constraints to meeting the aspirations the President articulated today…. Read more

How Wonks Get Snarky

January 18th, 2013

A couple of weeks ago, the NYT—somewhat weirdly, I thought—published a full-page spread by a couple of analysts arguing that the Social Security Administration was underestimating longevity, implying that the program’s funding is in worse shape than the SSA officials are telling us.  There were, however, serious flaws in the analysis, leading my colleague Paul Van… Read more

More on Retirement (In)Security

January 15th, 2013

Important piece by Mike Fletcher in this AMs WaPo that strongly amplifies points I stressed here the other day. The Post reports that more workers, financially stressed by cash flows that fall short of their family budgets, are turning to early withdrawals from their 401(k)’s: More than one in four American workers with 401(k) and… Read more

More on Social Security, Private Pensions, and Retirement Preparedness

January 11th, 2013

Recall this post on how the loss of defined benefit pensions underscores the need to protect our national public defined-benefit pension program: Social Security. Fellow blogger Kevin Drum responds to the post with this interesting look at income trends of older relative to younger households showing the older cohort to be doing much better in… Read more