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The 2024 Trustees Report slightly lowered the projected 75-year deficit to 3.50 percent of taxable payroll, compared to 3.61 percent in 2023. The improvement is attributable primarily to an upward revision in the rate of productivity growth over the projection period and a further reduction…

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The report’s key findings are: High inflation tends to harm older households, but the size of the impact varies due to three factors…

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Fewer people with disabilities applied for federal benefits during COVID. The main reason for the drop could’ve been anything from...

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People are really confused. We’ve embarked on a host of studies about long-term care.  One component of that effort is...

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In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices.  Because inflation has been so low for so long, the risks it poses have been generally overlooked and recent history does not offer much practical insight on its impact…

A common refrain among retirement researchers is that longer careers are the best way to ensure an adequate retirement.  This refrain is often directed at the workers themselves – “you need to work longer!”  And that message seems to have been getting through.  Since the 1990s, the labor force participation rates of older individuals hav…

The headlines from the 2023 Medicare Trustees Re­port were that the Hospital Insurance (HI) program faces a long-term deficit and will deplete its trust fund reserves in 2031 and that the rest of the Medicare program will require increasing amounts of general revenues. While true, the outlook for program costs is considerably more favorable than…

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Retirees took more money out of their savings to keep up with rising prices, raising the risk of depleting their nest eggs.

Retired man using laptop and taking notes in notebook studying pension plan and managing his budget

Annuities are an essential component of the American retirement system, starting with Social Security. Why, then, do so few Americans understand them?