Tag: privatization

Retirement Roulette: Why Privatizing Social Security Scares Americans

Retirement Roulette: Why Privatizing Social Security Scares Americans

The hisses to privatize Social Security have reached a deafening roar, sparking a firestorm of controversy around this country. Nonprofit journalism As an investigative financial journalist, I’m obviously concerned with the financial health of regular Americans. I would know, I’ve spent thousands of hours pouring over data, interviewing experts, and...

Senators Question Nominee on Social Security Privatization Concerns

Senators Question Nominee on Social Security Privatization Concerns

Now, Senators Elizabeth Warren and Ron Wyden are sounding the alarm on the Social Security Administration’s future. Agency insiders are anxious about how new leadership might change the agency’s current course. They are concerned that the incoming nominee may propose privatizing Social Security. On top of that, they’re worried about...

Social Security Privatization Debate Heats Up Amid Solvency Concerns

Social Security Privatization Debate Heats Up Amid Solvency Concerns

Social Security, a cornerstone of American retirement security since 1935, is facing renewed scrutiny amid concerns about its long-term solvency. When President Franklin D. Roosevelt created the program, he did so under a pay-as-you-go model. This suggests that current retirees and other beneficiaries mainly get benefits financed by the payroll...