Tag: retirement
As more baby boomers retire, Social Security’s impending financial shortfall will become more pressing. To restore solvency, Congress can either cut Social Security’s pension benefits or increase the payroll taxes deducted from workers’ pay. Both policies would impact how much is available for households to spend. Researchers at the Center for Retirement Research find that t…
In the 1960s, half of all wives were housewives, and their husbands often earned enough money to support a family. Today, these traditional families are a rarity and two incomes have become essential to surviving economically. A new joint report by the American Enterprise Institute and the Brookings Institution argues that poor and working-class families’ increasingly…
