Andrew Biggs

1 week ago | aei.org | Ramesh Ponnuru |Mark J. Warshawsky |Andrew Biggs |Yuval Levin

Op-Ed Trump Is Right: Those Student Loans Need to Be Repaid Post Long-Term Care Provisions in the House Committee on Energy and Commerce Bill Article A (Possibly) Helpful Way of Thinking about the Trade Deficit Op-Ed The Senate Resolves to Balloon the Deficit Op-Ed The Incredible Shrinking Department of Education Post A White House Bond Market Strategy, Again Op-Ed Snip, Snip: Spending Cuts Are Coming Report Dysfunction in Federal Budgeting: Structural Factors and Selected Reforms Op-Ed The...

1 week ago | nsjonline.com | Andrew Biggs

Writing at Marketwatch, Brett Arrends discusses a Biggs-approved Social Security reform: convert Social Security to a flat benefit, either at 125% or 150% of the federal poverty threshold. It’s worth taking a look at this type of reform, which is similar to the government retirement programs in countries like the United Kingdom, Australia and New Zealand. Arrends relies on the Congressional Budget Office’s analysis of two flat benefit reforms.

2 weeks ago | aei.org | Andrew Biggs

Debunking claims that Americans face a retirement crisis is apparently the reason I was put on Earth. Because the sooner I take care of one, another pops up. God doesn’t want me idle. In my new book, The Real Retirement Crisis, I devoted an entire chapter to critically examining two decades of studies claiming that a crisis-level shortfall of retirement saving is just around the corner.

3 weeks ago | nsjonline.com | Andrew Biggs

From The New York Times, in 2023:“The proportion of older Americans living below the official poverty level fell drastically through the 1960s and 1970s, largely because of expansions and increases in Social Security. But there has since been a plateau. “‘It’s not fully appreciated how persistent senior poverty has been,’ Dr. (Richard) Johnson said. ‘The decline really slowed in the 1990s and hasn’t improved significantly since.’”And seemingly they’re right.

3 weeks ago | aei.org | Andrew Biggs

Writing at Marketwatch, Brett Arrends discusses a Biggs-approved Social Security reform: convert Social Security to a flat benefit, either at 125% or 150% of the federal poverty threshold. It’s worth taking a look at this type of reform, which is similar to the government retirement programs in countries like the United Kingdom, Australia and New Zealand.