Social Security

Bob Orozco barks out instructions like a drill sergeant. The 40 or so older adults in this class follow his lead, stretching and bending and marching in place.

It goes like this for nearly an hour, with 89-year-old Orozco doing every move he asks of his class. He does that in each of the 11 classes he teaches every week at this YMCA in Laguna Niguel, Calif.

"I probably will work until something stops me," Orozco says.

Medicare, Social Security Face Shaky Fiscal Futures

Apr 23, 2019

The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security. 

A new study shows that since 2008, more white people in the United States oppose welfare programs, in part because of increasing "racial resentment."

One of the reasons for this opposition, according to the report, is white Americans' perceptions that they might be losing their financial and social status while people of color make gains in those areas.

Teachers have staged protests in recent weeks in West Virginia, Oklahoma, Kentucky, Colorado and Arizona. Some are fighting lawmakers who want to scale back their pensions.

It's no secret that many states have badly underfunded their teacher pension plans for decades and now find themselves drowning in debt. But this pensions fight is also complicated by one little-known fact:

Rubio's Take On Social Security And Medicare

Feb 9, 2016
Amika Osumi

 

 

The first in the nation New Hampshire primary is Tuesday.  

 

During this week’s home stretch, Florida Sen. Marco Rubio gave roughly the same remarks at all his events.

 

However, at his rally in Derry, New Hampshire Rubio cracked a joke about his home state to bring up an issue.

 

“You might not know this, this is not well known,” he said. “In Florida there are a lot of people on Social Security and Medicare.”

 

The crowd laughed at his reference to his home state.

 

Wilson Sayre / WLRN

Sherice Bennett is a caretaker.

She takes care of her sister who has cerebral palsy. She had two sons, two dogs and she still has the tank that used to house her turtle and fish.

It’s a role she happily fills on top of the other roles she’s taken on over the years: call center coordinator, caterer, accounts payable, executive secretary and, when that failed, school bus and truck driver.

Social Insecurity: 401(k)s and the Retirement Crisis

Nov 10, 2014

11/10/14 - Monday’s Topical Currents examines our looming retirement predicament with James Russell, author of SOCIAL INSECURITY:  401(K)S AND THE RETIREMENT CRISIS. The pitch for 401(K)s began in the 1980s.  They were heralded by the financial services industry as better than traditional pensions. Russell says what was promised proved untrue . . .

Public domain / U.S. National Archives and Records Administration

After 79 years as the retirement mainstay of most American workers, Social Security is showing its age and desperately needs reform. That was the message in West Palm Beach Tuesday night from a trio of Democratic congressmen who vow to protect Social Security from Republican deficit hawks and make it more generous.

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