Aging Today: Can We Count on Having Social Security in the Future?

This piece originally aired during WFSU’s Aging Today segment. Social Security has been very successful in reducing poverty among older Americans. But the increasing number of recipients raises the specter that the system cannot be sustained. Economists estimate that without changing in financing, the average benefit will decrease 20% by 2030. Surveys report that at…

What Does Fixing Social Security Mean?

Fixing Social Security is not rocket science.  There is money available to fix it.  Consider the $1.3 trillion of annual tax expenditures that are made each year.  While some of these benefit low income households, it is estimated that over half benefit higher income households.  Annual expenditures on Social Security are about $946 billion, so taking a knife to tax expenditures that favor the wealthy has promise.