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.
Tag: Retirement
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.
Pushing for fairer SS benefits❓
Wave a magic wand and give us more… From an e-mail I received from The Senior Citizens League. Right now, the Cost-of-Living Allowance (COLA) for
Where is Social Security going?
The men listed are the Social Security Trustees. The law requires whomever holds these positions in any administration to be a trustee. They signed the
