Archive: Alicia H. Munnell
Social Security needs modest revenue increases and benefit cuts – not extreme borrowing. Larry Fink of BlackRock, in the Annual Chairman’s Letter to Investors, just endorsed the proposal by Senators Cassidy (R-LA) and Kaine (D-VA) to create a trust fund with borrowed funds to solve Social Security’s financing problems. This idea, which has been around…
Workers and retirees are anxious when faced with unpredictable policies. Planning for a secure retirement is a major challenge; the plan must cover all of a person’s remaining years and beyond, taking into account their legacy. Further complicating such planning are possible shifts in the public policy environment: changes to social insurance programs can undermin…
