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Breaking the Glass Ceiling

The U.S. workforce looked very different in 1946, at the start of the Baby Boom generation, than it does today. A big part of this workforce transformation has been due to the contributions of women. Starting with very low labor-force participation rates in the immediate post-World War II period, women today participate in the labor-force at a much higher rate, although still lower than that of men. While it is true that some women have broken through the glass ceiling and have entered the corporate board rooms of some of our largest and most successful companies, inequities remain. An enduring pay gap, under which women earn 19 percent less than men1 means lower lifetime earnings for many women.

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Congress: Stop Squeezing the Social Security Administration

We have written extensively in this space about cuts to the Social Security Administration budget negatively impacting customer service for beneficiaries. This week, as Mary Beth Franklin reports in Investment News, the SSA announced that it would stop mailing paper statements to Social Security beneficiaries under 60 “due to serious budget constraints.” Beneficiaries over 60 who do not have an online “My Social Security” account will continue to receive paper statements (for the time being, anyway).

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