Americans are feeling more optimistic about the future of Social Security: survey
More Americans expect to get their Social Security benefits when they retire – in three prior readings, non-retirees were more inclined to predict they would not receive their benefits, a recent Gallup survey said.
Large deficits, high interest rates making federal debt less sustainable
Federal budget deficits and high interest rates are causing the cost of servicing America's $33 trillion national debt to soar, raising concern about the debt's sustainability.
Social Security Administration burdens seniors with push for clawbacks, lawmakers say
House lawmakers are demanding answers amid a report that Social Security benefits are overpaid to more than 2 million Americans annually, who are then contacted for repayment.
12% of retired Americans plan to return to the workforce in 2024: survey
Some 12% of Americans said they planned to work again in the New Year, with 61% citing rising costs as the reason, a recent Resume Builder survey said.
House committee urges DOD to grant more defense contracts to small businesses
The House Committee on Small Business wrote a bipartisan letter to Defense Secretary Lloyd Austin, calling for the DOD to grant more defense contracts to small businesses.
Congress considers bipartisan fiscal commission to address national debt, deficits
Lawmakers considered proposals in the House Budget Committee last week that would establish a bipartisan fiscal commission to suggest policies that would rein in the deficit and debt.
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).
Social Security clawed back overpayments tied to COVID-19 stimulus – lawmakers want answers
Some Social Security recipients have erroneously seen their benefits suspended or have been assessed overpayments due to COVID-19 stimulus checks.
Social Security: Overpayment process changes underway after billions mismanaged
The Social Security Administration is reviewing its overpayment process after mispayment of billions worth of benefits that people must now pay back.
Social Security reform would restore full benefits to public workers
Reform to provisions designed to even the playing field between workers who paid Social Security and public sector workers who don't but benefit from a pension program could cost as much as $150 billion.
Financial guru says living paycheck to paycheck is ‘relatable’ because so many Americans are dealing with it
“Financial Planning Made Personal" author Larry Sprung explains why many people rallied behind House Speaker Mike Johnson following harsh report about his personal finances.
Social Security income is central to growing number of retirement plans: survey
One in five adults aged 50 or older said they have no source of retirement income besides Social Security, up from 13% in 2014, a recent Nationwide survey said.
Social Security benefits to receive 3.2% pay bump next year: See how much money you could receive
The Social Security Administration announced that beneficiaries will receive a 3.2% pay bump in 2024 in order to offset the costs of still-high inflation.
Biden admin eases energy sanctions on Venezuela in potential blow to domestic producers: report
The Biden administration is moving to lift energy sanctions implemented by the Trump administration on Venezuela in exchange for freer elections.
Seniors get slight boost for 2024 Social Security checks
The new 2024 Social Security COLA Announcement will give seniors a slight boost to their monthly benefit checks. Some seniors say, it's still not enough to survive on.
Social Security recipients to receive 3.2% COLA increase in 2024
The Social Security Administration on Thursday announced the cost-of-living adjustment for 2024 as retirees continue to confront unusually high inflation.
McCarthy's ouster as speaker fuels uncertainty as renewed shutdown threat looms
Eight Republicans led by Rep. Matt Gaetz, R-Fla., joined with Democrats to remove Rep. Kevin McCarthy, R-Calif., as speaker of the House in a historic first that creates a leadership void in the chamber.
Fear over Social Security's future pushes Americans to claim benefits early: survey
Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.
House passes spending bills to fund federal agencies, provide aid to Ukraine as government shutdown looms
The House approved multiple appropriations bills to fund the State Department and foreign operations, the Department of Defense and the Department of Homeland Security.
Social Security trust fund on path to insolvency
Social Security's trust funds are projected to be depleted by 2033, at which point retirees would see a significant cut to their benefits if the program isn't reformed.