Senate HELP Hearing Spotlights Social Security Reforms, Early Career Savings | PLANSPONSOR
The Senate Committee on Health, Education, Labor and Pensions recently held a hearing to discuss the current and future states of American workers’ retirement savings. The hearing covered topics such as Social Security, automatic savings, and long-term care, as well as potential legislative solutions.
President Trump has expressed admiration for Australia’s retirement savings system and suggested the United States could learn a few things from the land down under. Australia’s retirement system is one of the largest in the world and is notable for its reliance on employer-funded benefits that reduce savings pressure on individual employees.
Social Security Administration to Cut Office Visits in Half. What It Means for You. | AP News
The Social Security Administration, which has eliminated thousands of staff positions and moved more services online, is aiming to reduce visits to its local field offices next year. The agency set a target of no more than 15 million in-person visits for 2026, which is about a 50% reduction from the more than 31 million who visited field offices this year.
What Economists Predict for Retirees Over the Next 10 Years | Money
What do 2026 and the years beyond have in store for retirees’ finances? It’s hard to say with certainty, but economists can offer up some predictions on factors like inflation and interest rates that are likely to have an impact on personal finance in the coming years.
News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.