Social Security

The Seniors Citizens League estimates that Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025 as inflation gains steam.

Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.

The annual Social Security trustees' report this week said the Old-Age and Survivors Insurance trust fund is on track to reach insolvency in 2033.

Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money – it's due to a quirk in the system.

The latest Social Security cost of living adjustments (COLA) jumped considerably after a spike in inflation last month, according to one estimate.

The Seniors Citizens League estimates that Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025 as inflation gains steam.

Democrat lawmakers want the Biden Administration to end the practice of Social Security garnishment to pay off outstanding student loan debt that impacts millions of older Americans.

Major changes to how the Social Security Administration handles overpayments were announced recently

BlackRock CEO Larry Fink issued a warning about the fiscal crisis facing Social Security in his annual letter to investors, saying the retirement age should be re-assessed.

Treasury Secretary Janet Yellen told lawmakers that President Biden “doesn’t have a plan" when it comes to preventing Social Security from running out of funds.

The average Social Security benefit is just under $2000, but there are ways to boost that amount.

Early estimates for Social Security benefits and cost of living adjustments are low as inflation slows, but seniors struggle to make ends meet.

The portion of personal income subject to the Social Security tax has increased to $168,600 this year from $160,200 in 2023.

The record-high Social Security cost-of-living bump that beneficiaries received in 2023 could come back to bite them during this year's tax-filing season.

As seniors deal with rising inflation, some consider rejoining the workforce to deal with rising costs.

With another four years of Bidenomics, you can be certain that, at the individual and corporate level, a perpetuity tax on Social Security will become front and center.

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.

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.

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.

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).