Social Security’s Financial Outlook: The 2018 Update in Perspective
Source: Center for Retirement Research

The brief’s key findings are:

  • The 2018 Trustees Report shows virtually no change:
    • Social Security’s 75-year deficit ticked up from 2.83 percent to 2.84 percent of payroll.
    • Trust fund exhaustion is still 2034, after which payroll taxes still cover about three quarters of promised benefits.
  • This shortfall is manageable, but action should be taken soon to equitably share the burden among cohorts, restore public confidence, and give people time to adjust.
  • One concern is whether the declining fertility rate is a lingering effect of the Great Recession or a permanent shift that could worsen Social Security’s finances.

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Who Is The Retirement Security Initiative
Source: NPPC

Who are the people behind the Retirement Security Initiative’s plan to gut pensions for millions of Americans?

Video – Must Watch

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How Does Divorce Affect Retirement Security?
Source: Center for Retirement Research

The brief’s key findings are:

  • While the divorce rate is no longer rising, about 40 percent of marriages still end in divorce.
  • The financial costs can be high: a divorcing couple pays legal fees, may need to sell illiquid assets, and has to cover the costs of two – rather than one – residence.
  • Not surprisingly, the analysis finds that households with a past divorce are much more likely to be at risk for maintaining their standard of living in retirement.
  • Interestingly, for one divorced group – single women – the impact is negligible, perhaps because higher child care costs are offset by retaining the house as an asset.

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