Little-Known Facts
Much of what we think is true just isn't. And there's data to prove it. Writing mostly about retirement security, with occasional side-trips.
- Indexed issues, last 90 days
- 3
- Latest publication
- Sep 30, 2026
- Audience
- Checking…
- Earliest in this view
- Jul 27, 2026
Latest issues
The two charts any Social Security reformer should understand (opens the original)
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Social Security is underfunded by over $30 trillion, meaning reform must raise taxes by $30 trillion, reduce benefits by $30 trillion, or some combination of the two.A new analysis by the Penn Wharton Budget Model shows that which approach we choose matters enormously for avoiding a debt crisis and keeping the economy strong. Any Member of Congress entering Social Security reform deliberations without understanding how Social Security reform can affect the economy is, literally, missing h
The Retirement Myth Everyone Gets Wrong About Medicare (opens the original)
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Retirement article commonly warn that Medicare doesn’t cover long-term care. That’s true, but only if you’re talking about one type of long-term care. In fact, Medicare spends over $100 billion each year on long-term services and supports (LTSS), more than households themselves pay out of pocket.Daniel DeVise of USA Today explores a number of “retirement myths,” among them that “Medicare covers long-term care.” He writes:<blockquote
In talking Social Security reform, “bankrupt” actually might be the best word to use (opens the original)
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Social Security’s retirement trust fund is projected to run dry in 2032. Among in-the-know commentators, it’s customary to distance oneself from claims that Social Security is going “bankrupt.” It’s seen as a gauche term to use.I’m going to resurrect the word bankruptcy—not to frighten people, but to convey what Social Security reform will have to mean.Thanks for reading Little-Known Facts! Subscribe for free to receive new posts and support my work.</
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