Social Security recipients in 2022 are in line to receive the big payment increase in nearly four decades, reflecting a pandemic-drive inflation surge – but the boost could ultimately deplete the fund a year earlier than expected.
Millions of retirees and other Americans receiving Social Security benefits in 2022 are set to receive the biggest payment increase in four decades, following a pandemic-driven inflation spike.
The primary Social Security trust fund for retirees will run out of money in 2033, one year earlier than previously estimated, according to an annual report released Tuesday.
Older Americans were more likely to retire during the coronavirus pandemic, which forced millions of workers out of the labor force during its peak.
Social Security beneficiaries might be in for the highest in cost of living adjustment (COLA) in nearly four decades, according to new projections.
Sen. Mike Crapo, R-Idaho, sent a letter to the Treasury Department on Friday inquiring as to why an important report detailing the financial health of two popular programs, Social Security and Medicare, has yet to be released.
Coronavirus pandemic has caused a backlog at Social Security processing centers – meaning some claimants and beneficiaries have yet to receive key documentation from the program, a new report shows.
Climbing inflation has hiked the price of many household items, which has hit some Social Security beneficiaries who received a modest benefit bump this year particularly hard – but experts say there are some small ways recipients can tighten their budgets.
Heightened inflation has caused financial pain for seniors who saw a modest increase in Social Security benefits in 2021, but relief is likely on the way thanks to those very same rising consumer prices.
Social Security recipients are on track to receive the biggest cost-of-living raise in four decades, driven by a rapidly rebounding economy that's caused the biggest surge in inflation in years.
Here are 4 ways to get the most out of your 401(k).
Large Roth IRAs owned by the superrich are in the tax spotlight now, and all savers should consider the implications for their own retirement accounts.
Social Security recipients could be in line for one of the biggest cost-of-living adjustments next year as consumer prices continue to surge.
Congress should reject any effort by lawmakers to slash funding for Social Security and Medicare in order to reduce the nation's ballooning budget deficit, AARP said Wednesday.