baby boomers

Report: The graying of society may cause full-blown crisis

by Staff | November 2nd, 2011

According to The Washington Post, the aging of the human race has been faster than anyone could have imagined. As fertility rates have plunged globally, life spans have increased, re-contouring the age graph, which once had a tiny number of old folks at the peak of the pyramid. These old folks are now fast becoming the broad foundation of the pyramid graph. In many respects, this is good news: longer life spans and improvements in modern medicine and nutrition.

But unexpectedly, this abrupt demographic transition has created economic upheaval. The world needs more workers to provide goods and services to huge numbers of pensioners.

Luckily, in the United States, with fertility rate just slightly below replacement level and immigration boosting the work force, we have a higher rate than many countries. But the baby-boom generation is storming the higher age brackets: the number of Americans 60 to 64 jumped from 11 million to 17 million in the most recent census. In 1935 when Social Security was established, life expectancy was just under 62. Today, it is 78 and rising.

According to the U.S. Census Bureau, the number of workers will steadily and dramatically decrease in relation to retirees. The ratio of working-age people to retirement-age people will go from about 5-to-1 to 3-to-1 in the next two decades.

“It’s a big, big social change. Lots of thing are going to be disrupted,” said Ted C. Fishman, author of Shock of Gray.

Read more.

How do you think this graying of society is affecting the Social Security program?

If you need help with your Social Security Disability benefits, contact the Social Security Disability lawyers at Fleschner, Stark, Tanoos & Newlin.

Baby Boomers want Social Security benefits

by Staff | January 31st, 2011

January 31, 2011

Opinions about Social Security benefits vary across generations. Younger generations may believe it’s unfair that Social Security benefits will run out before they retire, even though they’ve paid into the system through taxes.

Baby Boomers feel it’s their right to receive it at retirement.

According to Bankrate, Baby Boomers are willing to fight for Social Security benefits, and finding a compromise for it will be difficult.

But some believe a real compromise for Social Security benefits won’t come until drastic changes need to be made.

Read more.

Do you think younger generations are entitled to feel like the loss of Social Security benefits by 2037 is unfair? Do you think all Baby Boomers are entitled to receiving Social Security benefits?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

Social Security faces huge deficit

by Staff | January 14th, 2011

January 14, 2011

The Social Security deficit will be around $6 trillion over the next 75 years, according to FOX News.

Thousands of Baby Boomers will be collecting Social Security benefits over the next 19 years, which is partially to blame for the crunch.

The government is faced with having to either raise taxes or borrow money to pay off what is owed to the Social Security trust fund.

Read more.

How do you think the government should handle the Social Security deficit? Do you know someone who will be collecting Social Security benefits this year?

If you need help getting Social Security benefits you deserve to put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

Government answers questions about Social Security benefits

by Staff | January 6th, 2011

January 6, 2011

Talking about cuts to Social Security is a hot, sensitive topic right now.

New bills being introduced to Congress in regards to Social Security benefits raise questions and concerns for Baby Boomers and other future retirees.

Check out what Social Security benefits you’ll receive at retirement at ssa.gov. The government site answers your questions and provides facts about what you need to know about Social Security benefits.

Read more.

What questions or concerns do you have about Social Security benefits? Do you agree with the changes in Social Security?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

What questions do you have about Social Security benefits?

by Staff | January 3rd, 2011

January 3, 2011

Many retirees depend on Social Security benefits as part of their income, and Social Security reform is affecting how baby boomers will be saving their money.

An article on sfgate.com puts Social Security benefits in perspective based on the direction it’s going and how future retirees should save.

Read more.

What questions do you have about Social Security benefits? Are you confused by Social Security reform, or would like to know how it will affect you?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.