Pew Research Center & Social Security

The Pew Research Center is an American think tank organization based in Washington, D.C. that provides information on issues, attitudes and trends shaping the United States and the world. Social security is primarily a social insurance program providing social protection or protection against socially recognized conditions, including poverty, old age, disability, unemployment and others. 2.0/5

Pew Research Center Social Security Health Insurance Ponzi Scheme Service Center Earned Income Tax Credit Federal Reserve Net Worth

Pew Research Center. Though U.S. government debt is perhaps the most widely held class of security in the world, as of the end of September 28.4% of the debt (about $4.76 trillion) was owed to another arm of the federal government itself. The single biggest creditor, in fact, are Social Security’s two trust funds, which together held $2.76 trillion in special non-traded Treasury securities (16.5% of the total debt). (Social Security revenues exceeded benefit payments for many years; the surplus was required by law to be invested in Treasuries.) Another big holder: the Federal Reserve system, which collectively held nearly $2.1 trillion worth of Treasuries (12.4% of the total debt) as of last week. (The Fed’s holdings are included in the “debt held by public” category.)
Original Article Text From The Fiscal Times: 7 Ways Boomers Are Changing How We Retire; The baby boom generation has broken the mold at every stage of life, and it looks like old age won’t be any different. Boomers aren’t heading quietly into retirement. They’re launching businesses, embracing digital technology and living abroad in greater numbers than ever before. But in other ways they are struggling more than the previous generation. Here is a look at trends shaping the next wave of retirement. THEY ARE LEAVING THE U.S. More older Americans are packing it in for foreign countries, where they can save on living costs and enjoy warmer climates. The number of retired workers, spouses and survivors getting Social Security benefits in a foreign land is rising almost twice as fast as the number of Social Security beneficiaries generally, according to Social Security Administration data. And 21 percent of baby boomers say they are “interested or very interested” in retiring abroad, according to a . ...
Time for a coffee spiel. I love to kvetch and today it's to educate about Government Benefits and who really gets them? Thanks to my friend Karen Carroll, read and learn... 7 Facts About Government Benefits and Who Gets Them Derek Thompson | Dec 18, 2012 Six in seven households have received some sort of government benefit, according to a new survey from Pew Research Center. Here are some highlights from the report, plus some extra bits of context. These graphs focus on government spending, as opposed to tax benefits -- such as the Earned Income Tax Credit and the lower rate on investment income -- which can also be considered forms of "government assistance," since a dollar not taxed can perform a similar role to a dollar spent. 1. The big picture is bigger than 'the 47%.' Fully 55% of all Americans -- including a majority of those self-identifying as Democrats, Republicans, liberals, moderates, and conservatives -- have received benefits from one of these six federal programs: Social Security, Medicare, ...
The U.S. birth rate just hit a new low which has liberal media outlets like NPR pointing out that Medicare and Social Security are in trouble as a result. Why? Because the program isn't being paid for with money former workers put into the system, that's already been spent by the government, but by young people currently working. The U.S. birth rate hit an all-time low last year, according to a report from the Pew Research Center — just 63 births per 1000 women of childbearing age. This is a problem. Not just because there is less chubby-cuteness in the country. But also, as I reported earlier this month, fewer babies now means fewer working-age people a couple decades from now. And that means fewer workers helping to pay for programs like Medicare and Social Security that support the elderly. This is the government's definition of a Ponzi Scheme: What is a Ponzi Scheme? A Ponzi Scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by n ...
Is America really a center-right country? Social Security remains overwhelmingly positive—79 percent think it is “good for the country" Eighty-eight percent of Americans like Medicare, the single-payer Health Insurance program for those over the age of 65, and 77 percent of them are fans of Medicaid, the healthcare program for the poor. Americans favored taxing the rich and eliminating tax deductions for corporations, according to another Gallup poll—and by big margins, too, with 70 percent in favor of tossing the loopholes and 66 percent in favor of taxing those who make over $200,000 more ($250,000 for families). 54 percent of Republicans favored higher taxes on the wealthy. A survey by the Pew Research Center, which found that 57 percent of Republicans with family incomes of less than $30,000 said that government does not do enough for the poor. Americans seem to like their birth control (99 percent of women who have had sex have used some form of it) and at least 56 percent of them think that he ...
Another way to look at Obamacare (and Social Security).again, Dems hurt those who they say they help. “[The individual mandate] transfers resources from the healthy to the sick, from the young to the old, without regard to who has more money to begin with,” writes Cost. “Democrats typically rail against supposedly regressive GOP tax proposals, but nothing the Republicans have ever cooked up compares to the individual mandate.” This is a serious problem. According to analysis conducted by the Pew Research Center, households headed by adults aged 65 and older had a Net Worth 42 percent higher than in 1984. By comparison, the household wealth of those younger than 35 fell by 58 percent over the same period. Democrats’ social redistribution schemes, though touted as egalitarian answers to society’s ills, only exacerbates the growing wealth gap between old and young. Democrats like to claim they are fighting a war on inequality, but in reality they are only sparking a battle between generations.
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