In the next two years, it is predicted that the Social Security system will pay more out in benefits than it collects in taxes. 

This is the first time this has happened since the 1980s, and is reportedly due to the strain of recent job losses and early retirements on the system.

With the additional announcement last month that there will be no cost-of-living (COLA) increase to Social Security recipients in 2010, the concern and anger among seniors is mounting.

Mark Miller, a nationally-recognized expert on trends in retirement and aging, believes "Washington will turn to Social Security reform sometime after health care wraps up. The debate has the potential to become Round Two of the nasty public displays we saw at last summer's health care town hall meetings."

Miller describes, in his column last week, how the Social Security COLA anger might be a preview of things to come (read the column here on RetirementRevised.com).

Related Articles & Resources

·  House Bill Introduced to Provide Some Retirees 2010 COLA Increase ·  2010 COLA for Federal Retirees : CSRS / FERS

Get other resources like this

delivered to your email box -- FREE!

Enter your email below:

PRIVACY:  We never share email addresses  Unsubscribe anytime.