Moving and Retirement
Off the Table for Now: Using the Chained CPI to Reduce Social Security Payment Calculations
"The chained CPI grows more slowly than the traditional CPI does: by an average of 0.3 percentage points per year over the past decade. As a result, using that measure to index benefit programs and tax provisions would reduce federal spending (especially on Social Security and federal pensions) and increase revenues." more »
Aging America: The Cities That Are Graying The Fastest
Joel Kotkin writes:In 2000 only three U.S. metro areas had more elderly than children under the age of 15 (Pittsburgh, Miami and Tampa-St. Petersburg, Fla.). The 2010 Census showed we now have 10, with the addition of Buffalo, Boston, Cleveland, Hartford, Providence, Rochester and San Francisco to the first three. The elderly population is overtaking the younger population not only in Florida’s retirement havens, but in a number of Rust Belt and Northeastern cities. more »
Have You Received the Letter? Medicare Trying To Nudge Seniors Out Of Plans With Low Ratings
Susan Jaffe writes: Medicare officials are trying a novel approach during this open enrollment season to gently nudge a half million beneficiaries out of 26 private drug and medical plans that have performed poorly over the past three years. The effort marks the first time that Medicare officials have tried to steer beneficiaries away from some private drug and medical plans. more »
A Subject for the Next Debate? A New CBO Report on Social Security's Funding Gap
In calendar year 2010, for the first time since the enactment of the Social Security Amendments of 1983, spending for the program exceeded its dedicated tax revenues. In 2011, spending exceeded dedicated tax revenues by 4 percent, and that gap is growing. CBO projects that over the next decade, spending will exceed dedicated tax revenues, on average, by about 10 percent. more »
