A private company wants to sell insurance against insolvency. The author explains what life would be like if AIG and Lehman Brothers ran Social Security.
The author says that Social Security may be in a more dire financial state than the latest Trustees report suggests.
Social Security recipients are likely to get a big COLA in 2022, but the author notes that this is a major financial burden for the program.
The author says that Social Security is losing billions of dollars that will one day hit retirees directly in the wallet.
The author says that an increase in the federal minimum wage could have an impact on Social Security and the annual COLA for federal retirees.