Social Security

Most Americans understand Social Security, but concern over its future is pushing many to claim retirement benefits early, a recent Schroders survey said.

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.

Federal lawmakers have until September 30 to agree on a budget or risk shutting down the government. Here's how that could impact your wallet.

Inflation increased in August on an annual and monthly basis, but economists largely expected the jump. Here's what it means for you.

The Congressional Budget Office reported that the federal budget deficit through August grew by about $600 billion, compared to a year ago, as spending increased and tax revenue declined.

The typical Gen X household has saved less than what is needed to finance a secure retirement, according to a study from the National Institute on Retirement Savings.

Medicare and Social Security reform went from top fiscally conservative issues to political poison, and experts are blaming the people in charge for setting the narrative.

July inflation rose above the annual inflation rate of 3% in June, putting the prospect of Federal Reserve interest rate cuts further in the distance.

The Social Security Administration unveiled a new campaign to broaden the scope of its Supplemental Security Income reach.

Older Americans that retired before 2000 would have to earn an extra $516.70 more per month to maintain the same level of buying power as in 2000, according to a recent The Senior Citizens League study.

Social Security trust funds are expected to run out of money one year earlier than initially projected, the U.S. Treasury Department said.

France's prime minster faces a vote of no-confidence after she pushed through unpopular changes to the federal pension program in a move backed by President Emanuel Macron.

CBO Director Phillip Swagel said that once Social Security's trust fund becomes exhausted in 2032, benefits would automatically be cut by 25% unless Congress acts.

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.