Today's Video Headlines: 8/14/24
Social Security has just turned 89 years old, but there are questions about its solvency headed into the November presidential election.
A Gallup poll released in June revealed that 80% of Americans are “worried” or “extremely worried” about a lack of Social Security benefits being available to them when they need the benefits. “The reality is that, after that time, assuming nothing is done in the meantime, retirees would only receive around 83% of their benefits,” Rush said.
Americans can claim Social Security payments as early as age 62, but the monthly payout amount decreases the earlier benefits are collected.The threshold for earnings that are subject to the Social Security payroll tax in 2024 is $168,600. Added Rush, “So, a lot of the people are against increasing that cap, that’s exactly the reason why they’re against it.”GOP warns Sen. Sherrod Brown would work with Harris-Walz admin to ‘gut’ Social Security, raise retirement ageThe United States population in 1935 was about 123.2 million people, according to U.S. Census Bureau data at the time.
“So, as time goes on, we’re going to have a larger and larger population of older people collecting Social Security and fewer and fewer younger folks paying into the system.”“And I think that’s only going to continue, as far as that trend goes, unless Congress comes to the table and does something about it,” he said.Hern of Oklahoma said the average life expectancy in the U.S. was in the early 60s when Social Security began.
Business Finances Financial Woes Social Security
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Today in History: August 14, FDR signs Social Security Act1945: Truman announces Japanese surrender 1994: 'Carlos the Jackal' captured 1997: Timothy McVeigh sentenced
Read more »
The Social Security Fairness Act will help ensure financial security for many seniorsThe Social Security Fairness Act presents an opportunity to help retired public servants get the benefits they deserve.
Read more »
The New Dems Are Harris-Walz DemsWe've seen time and time again, in matchup after matchup, that the center-left path—common sense, conviction, bipartisanship and progress—wins.
Read more »
Let’s Celebrate Social Security’s 89th Birthday By Protecting and Expanding ItNancy J. Altman is president of Social Security Works and chair of the Strengthen Social Security coalition. She has a 40-year background in the areas of Social Security and private pensions. Her latest book is 'The Truth About Social Security: The Founders' Words Refute Revisionist History, Zombie Lies, and Common Misunderstandings' (2018).
Read more »
'We're Not Going Back': Seniors Agree with Kamala Harris and Tim WalzNancy J. Altman is president of Social Security Works and chair of the Strengthen Social Security coalition. She has a 40-year background in the areas of Social Security and private pensions. Her latest book is 'The Truth About Social Security: The Founders' Words Refute Revisionist History, Zombie Lies, and Common Misunderstandings' (2018).
Read more »
Kamala Harris Is the Winning Choice for SeniorsNancy J. Altman is president of Social Security Works and chair of the Strengthen Social Security coalition. She has a 40-year background in the areas of Social Security and private pensions. Her latest book is 'The Truth About Social Security: The Founders' Words Refute Revisionist History, Zombie Lies, and Common Misunderstandings' (2018).
Read more »