Most pay raises for American workers are not covering the increase in cost of living. Meanwhile, most workers have no faith in the future of Social Security, according to a new survey.
Monthly Social Security and Supplemental Security Income benefits for more
than 52 million Americans will increase 4.1 percent in 2006, the Social Security
Administration announced today.
The Bush administration is considering a plan that would allow younger workers
to divert 4 percentage points of their payroll taxes in private accounts, the
Associated Press reports.
After President Bush won re-election and Republicans gained more
seats in the House of Representatives and Senate, Bush may have an easier path
for passing his legislative priorities, including those that would affect employers. Here's a list of work-related items on Bush's agenda.
The U.S. must take steps such as raising the minimum age for full retirement
benefits to save the social safety net from collapsing under the weight of an
aging population, Federal Reserve Chairman Alan Greenspan said Friday.
Monthly Social Security and Supplemental Security Income benefits for more
than 51 million Americans will increase 2.1 percent in 2004, the Social Security
Administration announced today.
Three years ago, before the recession officially began, 50.3 percent of women between the ages 55 to 64 were working full- or part-time. As of last month, the figure had risen to 54.1 percent. The Washington Post reports that it's not hard to see why.
The Social Security Administration reminds everyone that while Social Security
has provided a strong foundation of income for most retirees, it was never intended
to be the sole source of income during a person's retirement years.
