Social Security

Social Security's trust fund faces insolvency by 2032, and newly elected senators will confront automatic benefit cuts of 22% before their terms expire.

Social Security Administration Commissioner Frank Bisignano says eliminating fraud, waste and abuse is the 'first solution' to protecting Social Security benefits.

Federal budget rules could mask Social Security's looming insolvency by scoring general revenue transfers as costless, warns a Penn Wharton expert.

The Social Security Administration now includes Trump Account inserts with newborn Social Security cards, directing parents to claim a $1,000 investment.

The SSA says it has corrected nearly 50 million Social Security Number records, adding millions of missing death records and citizenship status updates.

Sen. Bill Cassidy warns the 3.6% Social Security COLA could drain the trust fund faster, leaving Congress roughly five and a half years to act before retirees face steep benefit cuts.

Social Security Administration Commissioner Frank Bisignano says the program will last another 90 years even as the trust fund nears insolvency.

The 2027 Social Security COLA estimates range from 3.4% to 3.6%, topping the 2.8% increase for 2026, with September CPI inflation data still to come.

The CBO reports the federal budget deficit hit $2 trillion as Social Security, Medicare and Medicaid spending surged alongside rising debt costs.

The national debt topping $40 trillion and the looming insolvency of Social Security in 2032 require the urgent attention of policymakers to implement reforms, an economist warns.

The U.S. national debt topped $40 trillion as interest costs now exceed national defense spending and the debt doubled in under 10 years.

A flat-rate COLA proposal could close 50% of Social Security's 75-year fiscal shortfall, but the cost of waiting since 1987 has been enormous.

The bipartisan PROMISE Act forces a floor vote on Social Security reform before the trust fund's 2032 depletion triggers a 22% cut to Americans' benefits.

A 3.8% Social Security COLA for 2027 could raise average benefits by $73.62, but the larger adjustment may accelerate trust fund insolvency.

Ramsey personality and financial expert George Kamel warns that claiming Social Security early is driven by fear, not strategy, as the 2032 trust fund depletion deadline looms.

Federal spending on national debt interest, Social Security, Medicare and Medicaid drives the budget deficit $35 billion higher than last year.

A calendar quirk means SSI beneficiaries will receive two payments in July, with the second going out July 31 due to August 1 falling on a Saturday.

Suze Orman warns against viral advice to claim Social Security at 62, saying it locks retirees into a permanent 30% penalty they cannot undo.

House Speaker Mike Johnson says entitlement programs must be adjusted, as the Social Security trust fund will exhaust reserves by late 2032, with only 78% of benefits covered.