Social Security recipients are likely to get an annual cost of living adjustment (COLA) of 6 to a 6.1 percent in 2022, according to The Senior Citizens League, … more Retirees Could Get Their Biggest Social Security Raise in 40 Years
This week, the Social Security Board of Trustees announced in its annual report that the combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI … more Social Security Trust Funds to Become Depleted One Year Sooner
Despite six in ten employed U.S. workers (60 percent) having made adjustments due to pandemic-related financial strain, 82 percent are still saving for retirement, including 84 percent of … more Report: 82 Percent of U.S. Workers Saving for Retirement
Two new reports from the National Council on Aging examine how home equity can impact cash flow and enable more older adults to age in place. Both reports … more NCOA Highlights How Home Equity Can Help People Age In Place
The recent spurt in inflation is an important reminder that keeping pace with the cost of living is one very valuable feature of Social Security. However, a new … more Understanding the Impact of Inflation on Social Security Benefits
Working longer is a key to retirement security, but recent worsening health trends raise the question of how long people will be able to work. That’s according to … more Are Older Workers Capable of Working Longer?
About half of the nation’s private-sector employees do not have a retirement savings plan at work, and that hasn’t changed in at least 40 years, according to a … more State Auto-IRAs Are Building Momentum
Last week, the U.S. Senate Special Committee on Aging held a hearing entitled, “Building Wealth and Fostering Independence: Creating Opportunities to Save” that examined the challenges that people … more Senate Aging Committee Examines How Disabled Americans Can Build Wealth and Retirement Security
Ohio State University researcher Stephanie Moulton and Columbia Business School Professor Chris Mayer co-authored a paper that examines the usage of reverse mortgages among mortgage borrowers, as well as … more The Market for Reverse Mortgages Among Older Americans
When women become mothers, their earnings often take a substantial, and permanent, hit that becomes larger with each additional child. A new issue brief published by the Center … more How Much Does Social Security Offset the Motherhood Penalty?