Social Security

President Biden on Wednesday said Sen. Rick Scott, R-Fla., was "confused" for suggesting cuts to prescription drug costs equated to cuts to Medicare.

Rep. James Comer accused President Biden and Senate Majority Leader Chuck Schumer of trying to "scare seniors" by saying the GOP wants to cut Medicare and Social Security.

GOP senators on Wednesday said President Biden was mischaracterizing their respective positions on Social Security, Medicare, and Medicaid.

Deficit reduction options offered by the CBO and CRFB could extend the solvency of key trust funds for Social Security, Medicare and highways that are on a path to exhaustion.

The bipartisan TRUST Act would establish rescue committees that propose financial fixes for endangered trust funds that feed Social Security, Medicare, and highway projects.

The non-partisan Congressional Budget Office found that Social Security's main trust funds could be exhausted by 2033, which could result in reduced payments to beneficiaries.

Social Security recipients received less than they needed in 2022 as actual inflation was above their inflation-adjusted benefits, according to the nonpartisan Senior Citizens League.

Rep. Jason Smith, R-Mo., ripped MSNBC host Joy Reid's dismissal of Social Security insolvency warnings, saying, "Just because someone says it's not true doesn't mean it's not true."

Larger Social Security payments are set to begin this week for millions of retired Americans, who will see an 8.7% cost-of-living bump to their benefits.

Retired Americans are set to receive one of the biggest Social Security increases ever, but the bigger paychecks could push them into a higher tax bracket.

The Social Security Administration on Thursday announced the cost-of-living adjustment for Social Security benefits, with recipients receiving a record increase.

The Social Security Administration on Thursday will announce the cost-of-living adjustment for Social Security benefits, with recipients expected to see a record increase.

The Senior Citizens League estimated Social Security recipients could receive an 8.7% cost-of-living adjustment as inflation erodes retired Americans' buying power.

The Social Security cost-of-living adjustment in 2023 could be the largest increase since 1981, but that's not necessarily good news for retired Americans.

Social Security recipients could receive a cost-of-living adjustment of 8.6% in 2023 -- the result of scorching hot inflation that has quickly eroded retirees' purchasing power.

Roaring inflation could result in the largest cost-of-living adjustment in decades for Social Security recipients, who have seen their buying power rapidly diminish this year.

The time frame for Social Security and Medicare to go-broke has been pushed back, helped by a stronger-than-expected economic recovery from the coronavirus pandemic.

The Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated on Wednesday that Social Security recipients have lost 40% of their buying power since the year 2000.

Social Security recipients are poised to receive the biggest cost-of-living raise in over four decades as inflation rapidly erodes the buying power of retired Americans.

Rising prices are squeezing household budgets across the country, but the hottest inflation in four decades has been particularly burdensome for older Americans.