Mikki D. Waid, Ph.D. is a Senior Strategic Policy Advisor on the Economic Security Team in the AARP Public Policy Institute. She is responsible for research and analyses of policy issues relating to Social Security and retirement security. Dr. Waid is also an expert on the differences in wealth and economic security by race.

Top 8 Facts You Need to Know About the 2014 Social Security Trustees’ Report

On July 28, the Social Security Administration released The 2014 Annual Report of the Board of Trustees, which details the financial status of the Social Security program. The report makes clear that:   Social Security is vital to millions of Americans. At the end of 2013, Social Security provided benefits to about 58 million people: 41 million retired workers and their dependents, 6 million survivors of deceased workers, and 11 million disabled workers and their dependents.   Social Security’s Trust …

Social Security’s 78th Anniversary: Then and Now

To help celebrate Social Security’s 78th anniversary, here is a comparison of how the country – and Social Security – have changed since 1940, when Ida May Fuller received Social Security’s first monthly benefit. Since 1940, the number of Americans age 65 and over has quadrupled, more than doubling as a percentage of the population. Sources: http://www.census.gov/prod/www/decennial.html and http://www.census.gov/population/age/data/2011.html   The number of individuals receiving a Social Security benefit, since benefit checks were first issued in 1940, has increased over …

A Look at Social Security’s History – Celebrating Social Security’s 78th Anniversary!

Last week marked the 78th anniversary of the passing of the Social Security Act. To commemorate, this blog post looks back to see how Social Security has changed over the years. Below, you will find a timeline highlighting famous firsts, important legislation and the growth of one of America’s most popular programs. 1935: On Aug. 14, the Social Security Act (H.R. 7260, Public Law No. 271, 74th Congress) became law with President Franklin D. Roosevelt’s signature at approximately 3:30 p.m. …

The Top 7 Facts You Need to Know About the 2013 Social Security Trustees Report

On Friday, May 31, The Social Security Administration released The 2013 Annual Report of the Board of Trustees  which details the financial status of the Social Security program. The following are key facts from the report.  Social Security is vital to millions of Americans. At the end of 2012, Social Security provided benefits to about 57 million people: 40 million retired workers and their dependents, 6 million survivors of deceased workers, and 11 million disabled workers and their dependents. The …

Women Face Tough Challenges in Retirement … But Can Overcome Them!

The writer Oscar Wilde said “When I was young I thought that money was the most important thing in life; now that I am old I know that it is.” This is a great insight into how vital money can be at older ages – when we have a much more difficult time earning money or just can no longer work. A recent report from AARP’s Public Policy Institute, An Uphill Climb: Women Face Greater Obstacles to Retirement Security, highlights …