With 10,000 baby boomers turning 65 every day, many believe the sheer size of that generation is putting undue pressure on Social Security's funds.
CNBC PUBLISHED MON, JUN 10 2019 2:01 PM EDT UPDATED AN HOUR AGO
Lorie Konish@LORIEKONISH
But it turns out that the earliest beneficiaries, from back when the program was created in the 1930s, were actually the ones who received more money than they paid in.
Policy changes made around that time contributed to the missing reserves that program faces today. To fix that, it will require tax increases, according to the Center for Retirement Research at Boston College.
You've probably heard before that baby boomers are to blame for Social Security's money woes. Yet new research from the Center for Retirement Research at Boston College suggests otherwise.
Contiue Reading Article Below:
When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.
Because in These Hills, You Can Laugh, Cry, and Rebuild—All in a DayThe air's been thick lately in alot of places —with smoke, yes, but also grit and grace.We've been through it: Hurricane Helene...
Inspired by The Minimalists and that nagging pile of stuff you keep ignoring If you've watched The Minimalists: Less Is Now on Netflix, you know exactly where I'm going with this. Joshua Fields Millbu...
A Town Hall Marked by Engagement and FrustrationTensions ran high at U.S. Representative Chuck Edwards' (R-NC) town hall in Asheville on March 13, where hundreds of constituents gathered to voice thei...
Western North Carolina is still rebuiding after Hurricane Helene swept through in September 2024, leaving a trail of destruction in its wake. Trees—nature's best defense against flooding, erosion...
Alright, folks, it's that time of year again—when we collectively lose an hour of sleep but gain an hour of evening sunshine. Daylight Saving Time (DST) begins at 2 a.m. on Sunday, March 9, 2025, so b...