The future of retirement is uncertain for many private-sector workers, as defined benefit pensions become scarce. By 2026, only 14% of private-sector workers will have access to these plans, a stark contrast to the 45% peak in the mid-to-late 1970s. This decline highlights a larger issue: low retirement account participation and modest balances.
Everyone in the risk pool
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Social Security COLAs and sustainability
Depending on Congress to make required funding adjustments and at the appropriate time to maintain Social Security solvency and sustainability is foolish-as has been demonstrated
More facts about Social Security
Social Security faces a major financial challenge, with its unfunded liabilities projected to reach $29.3 trillion over the next 75 years. This shortfall is primarily due to insufficient dedicated revenue, as highlighted in the latest reports. To ensure a sustainable future for Social Security, it is crucial to address this issue proactively.
