Tag: Social Security (US)

Elizabeth Warren’s Plan for Social Security Looks Smart

This article is part of David Leonhardt’s newsletter. You can sign up here to receive it each weekday. When I was a teenager, my mom showed me a statement that she had received in the mail from the Social Security Administration. It included an annual history of her earnings, which showed a big string of […]

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Elizabeth Warren’s Social Security Plan: Raise Benefits by $200 a Month

WASHINGTON — Senator Elizabeth Warren of Massachusetts unveiled a plan on Thursday to give all recipients of Social Security benefits an extra $200 per month and to pay for it by raising taxes on the rich, her latest economic proposal to redistribute wealth in the United States. Ms. Warren, whose support has been rising steadily […]

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Hiring Is Very Hard for Restaurants These Days. Now They May Have to Fire.

Facing one of the most severe labor shortages in decades, restaurants across the country are trying virtually everything to recruit cooks and dishwashers, from offering quarterly bonuses to providing training programs for ex-convicts. Now, the specter of increased immigration enforcement is putting many of those restaurants in a more fraught situation: let go of trusted […]

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7 of Your Most Burning Questions on Social Security (With Answers)

People have lots of questions about Social Security: Will it still be around when I retire? How much will I get? How does the spousal benefit work? That’s not surprising. No government program is more important to so many Americans. This year, Social Security is expected to pay $1.1 trillion to 69 million recipients of […]

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The Rolling Stones, Still Filling Stadiums, Know What You Need: An Annuity

So it’s come to this: surgery, deferred annuities and rock ’n’ roll. The Rolling Stones, the bad boys of rock in the 1960s and ’70s, are showing their age. In April, the band postponed the start of its North American tour so that Mick Jagger could have surgery, reportedly to replace a damaged heart valve. […]

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At 75, Taking Care of Mom, 99: ‘We Did Not Think She Would Live This Long’

Not many years ago, Lynda Faye planned to spend her retirement gardening in Amherst, Mass., and visiting her eight grandchildren. Not on the list of golden-years pursuits: caring for a frail elderly parent. Ms. Faye is 75, and her mother, Yetta Meisel, a widow, is 99. The former art teacher fills her days helping her […]

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Notes on Excessive Wealth Disorder

In a couple of days I’m going to be participating in an Economic Policy Institute conference on “excessive wealth disorder” — the problems and dangers created by extreme concentration of income and wealth at the top. I’ve been asked to give a short talk at the beginning of the conference, focusing on the political and […]

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Social Security Is Staring at Its First Real Shortfall in Decades

A slow-moving crisis is approaching for Social Security, threatening to undermine a central pillar in the retirement of tens of millions of Americans. Next year, for the first time since 1982, the program must start drawing down its assets in order to pay retirees all of the benefits they have been promised, according to the […]

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