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Rekenthaler Report

Should Social Security Be Group Insurance, or Individual?

The question that awaits Washington.

The Time Is Coming
Eventually, the United States will confront the problem of Social Security funding.

Americans may be pardoned for distrusting criticism of the Social Security Administration’s health. They have been warned for decades by Wall Street investment salesmen that Social Security won’t be around when they retire. (When I joined Morningstar in 1988, that was already a familiar refrain.) Yet every year since the early 1980s, Social Security’s inflows have exceeded its costs. The Social Security trust fund has never been larger.