Tag: "Social Security"

Reforming Social Security: The Case for Progressive Price Indexing

best antivirus software for mac p>In light of all of the worrying about sequestration, entitlement reform – of course – goes undiscussed.  While trimming around the edges of discretionary spending has sent people into a panic, the $100 billion in cuts are a drop in the bucket compared to the growing expenditures of the mandatory spending programs […]

Worse Than I Imagined (Part I)

Social Security and Medicare are grand Ponzi schemes that make Bernie Madoff’s operations look like petty theft. They discriminate against black males especially because they pay into the system on every job they have, but many die of health problems and violence long before they collect a dime in benefits. Middle and higher income Americans […]

Seniors Living on Borrowed Money

Special blog post by Lewis Warne, an NCPA research associate. More than half a century ago, the elderly were more likely to live in poverty than any other age group.  Thankfully, that has changed, and the poverty rate for people aged 65 and over was less than 10 percent in 2010. Sadly, however, more elderly are […]

Disability Growth Disables the Country

Special blog post by Lewis Warne, an NCPA research associate. Social Security Disability enrollment for workers, excluding disabled children and disabled widow(er)s, is growing much faster than the working age population. Since 1991, workers on disability increased almost 170 percent, from 3,194,938 to 8,575,544 In the same period, the population between 18-64 increased only 26 […]

How Are Baby Boomers Spending Their Money?

order viagra without prescription In an August blog post, I referenced a New York Times Economix blog article highlighting the falling median income among 55 to 64 year olds during the past three years.  One of my blog readers asked me about consumer spending for this age group.  Has it fallen along with income? Alas, […]

Falling Incomes In the Midst of Economic "Recovery"

Baby boomers just can’t get a break. Catherine Rampell of the New York Times” Economix blog reports that since mid-2009, the median household income across the working age population has fallen, with the worst decline (10 percent) seen among 55 to 64 year olds. Rampell notes that re-employment opportunities for this age group are slimmer […]

Unemployment is Holding, but Disability is Climbing…

I will keep this short at the risk of repeating myself, but stors.com/article/617233/201207060945/disability-climbs-faster-than-jobs-under-obama.htm”>Investor's Business Daily posted a piece on Social Security disability applications during the month of June. Only 80,000 new jobs were created while 85,000 people left the workforce to apply for disability. I discussed this troubling trend in my recent NCPA publication, Disability […]

Disability and the Incredible Shrinking Work Force

The population is growing, yet the work force is shrinking. In 2000, the civilian labor force participation rate (LFPR) peaked at more than 67 percent. In May of this year, it stands at 63.8 percent. What gives? The recession plays a role, as many chronically unemployed people have given up searching for a job and […]

The Real War on Women…It’s Not What You Think

I hate to use the term “war on women.” It is inflammatory and seems to imply that there is a movement about to systematically strip women of their accomplishments and status in American society and drop them off at Gitmo. But because the politician Grow Taller For Dummies Affiliate Makes $2987.03 In 29 Days s […]

Baby Boomers vs. Generation Y

The Insured Retirement Institute released a survey this week (described on the Wall Street Journal”s Smart Money blo Meditation Expert. g) about the state of baby boomer retirement. It is indeed a sad state, but nothing new to report. As previous surveys have indicated, they are simply not ready: 35 percent of 50 to 66 […]