Tag: Social Security

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Social Security reduces poverty, stabilizes household finances, and can even support a beneficiary’s extended family. But drill down to a single month in the life of a low-income retiree or someone on Social Security disability, and a picture of hardship comes through. Researcher Madelaine L’Esperance at the University of Alabama found that financial problems build…

Smashed piggy bank

It involves equities in a trust fund, but our trust fund is headed to zero.  Apparently, Senator Bill Cassidy (R-LA) is working with Senator Angus King (I-ME), who caucuses with the Democrats, to craft a bipartisan solution to fix Social Security.  Their plan involves creating a fund outside of Social Security that could be invested…