Germany, I think, was first to substitute a Social Security program for its elderly based on this premise, that is, that we would tax workers to pay retirement benefits for those retired.
Indeed, I think most Americans now know that in 1935 when Social Security was created, there were some 42 Americans working for every American collecting retirement benefits.
It's amazing, it doesn't feel like it has been 10 years since retirement.
The rate of return on Social Security for people nearing retirement is about 1.5 percent. By the time young children like mine are ready to retire, that rate of return will be a negative percentage.
I tell people retirement isn't what you think. You are going to sit around and waste your life, you can only golf so much. To stay young, you have to stay in the mix.
The easy way out is to approve an early retirement plan one year but not pay out sick and vacation time to deserving employees until three years later. Unfortunately, later is now.
There's a lot we can do to improve American's retirement security, but it's wrong to replace the guaranteed benefit that Americans have earned with a guaranteed benefit cut of forty percent or more.
Perhaps you should say there should be mandatory retirement even of members of the court, members of the federal judiciary. I'm sure there can be questions about whether one does as good work when you get into your - you know, I'm 67.
The President has no real plan to address the fiscal challenges arising from the retirement of the baby boom generation, let alone a plan to fix Social Security.
I need to retire from retirement.
It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
Contemplation of life after retirement and life after death can help you deal with contemporary challenges.
Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty.
Almost half of all Latinas currently on Social Security rely exclusively on their benefit check in retirement.
What we should be trying to do is to encourage people to establish private retirement accounts and help them take pressure off the Social Security system.