Coming February 6, 2024 . . .
MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop
Coming February 6, 2024 . . . MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Pre-order at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Unless Congress and the White House act, nearly every older American will be affected. The math of retirement planning is already changing.
NOT an op-ed. By Jeff Sommer @ NYTimes.com/Business, June 12
A slow-moving crisis is approaching for Social Security, threatening to undermine a central pillar in the retirement of tens of millions of Americans.
Next year, for the first time since 1982, the program must start drawing down its assets in order to pay retirees all of the benefits they have been promised, according to the latest government projections.
Unless a political solution is reached, Social Security’s so-called trust funds are expected to be depleted within about 15 years. Then, something that has been unimaginable for decades would be required under current law: Benefit checks for retirees would be cut by about 20 percent across the board [....]
Comments
from the embedded link to the April 22 NYTimes article by Alan Rappeport:
Social Security and Medicare Funds Face Insolvency, Report Finds
by artappraiser on Thu, 06/13/2019 - 6:46pm