Archive: Alicia H. Munnell

Senior woman sitting on sofa looking to the side concerned

Impact depends on sources of income, asset holdings, and the amount of fixed-rate debt. In June 2022, U.S. inflation peaked at 8.9 percent – a dramatically high level after nearly three decades of relatively stable prices.  A shock of this magnitude must surely have affected the retirement security of near retirees and retirees.  The question…

Social Security Administration sign with logo and website URL

Most is due to change in the program’s 75-year horizon. The 2024 Social Security Trustees Report showed a 75-year deficit of 3.50 percent of taxable payrolls compared to a surplus of .02 percent in 1983.  While the increase in the deficit over the last 41 years is large, two-thirds of the increase was totally predictab…