Declining home values, lost savings, and corporate pressures to cut pension costs are undermining retirement security for seniors. At the same time, job losses, pay cuts, and mortgage foreclosures are jeopardizing workers' dreams of a secure retirement. The recent stock market collapse has...

In January 2009, 51.1 million people, or about one in every six U.S. residents, received Social Security benefits. The benefits are financed by dedicated taxes on earnings paid by workers and employers, by income taxes that upper income beneficiaries pay on part of their Social Security...

The contributions that workers pay for Social Security have been temporarily reduced under legislation designed to get money quickly into the hands of workers so they could spend it to help the nation out of the Great Recession. This “payroll tax holiday” is scheduled to end on December 31....

Micro-simulation of future benefits shows how recommendations by Alan Simpson and Erskine Bowles, co-chairs of the deficit commission appointed by President Obama, would lower Social Security benefits for almost all (92 percent) of seniors entitled to benefits in 2070. The cuts would affect all...

The 2014 Trustees Report updates projections about the future finances of Social Security's two trust funds. The Disability Insurance (DI) trust fund, which is legally separate from the Old-Age and Survivors Insurance (OASI) trust fund, will require legislative action soon to ensure that all...

The 2013 Trustees Report updates projections about the future finances of Social Security's two trust funds. The Disability Insurance (DI) trust fund, which is legally separate from the Old-Age and Survivors Insurance (OASI) trust fund, requires legislative action soon to ensure that all...