Social Security benefits to receive 3.2% pay bump next year: See how much money you could receive
The Social Security Administration announced that beneficiaries will receive a 3.2% pay bump in 2024 in order to offset the costs of still-high inflation.
Seniors get slight boost for 2024 Social Security checks
The new 2024 Social Security COLA Announcement will give seniors a slight boost to their monthly benefit checks. Some seniors say, it's still not enough to survive on.
Social Security recipients to receive 3.2% COLA increase in 2024
The Social Security Administration on Thursday announced the cost-of-living adjustment for 2024 as retirees continue to confront unusually high inflation.
Fear over Social Security's future pushes Americans to claim benefits early: survey
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 trust fund on path to insolvency
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.
How a government shutdown could impact your wallet
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.
Gas prices push inflation higher in August
Inflation increased in August on an annual and monthly basis, but economists largely expected the jump. Here's what it means for you.
Federal budget deficit up nearly $600 billion through August: CBO
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.
Gen Xers face alarming retirement shortfall, study says
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.
Social Security, Medicare are on the rocks - and no leader in either party wants to step up
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.
Inflation climbs above 3%, giving Fed fuel for further interest rate hikes this year
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.
Social Security campaign aims to help more Americans claim Supplemental Security Income
The Social Security Administration unveiled a new campaign to broaden the scope of its Supplemental Security Income reach.
Rising costs erode buying power of Social Security earnings by 36%, report says
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 benefits could be cut by 20% starting in 2034, officials say
Social Security trust funds are expected to run out of money one year earlier than initially projected, the U.S. Treasury Department said.
Macron’s government faces vote of no confidence after pushing up retirement age
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.
Social Security on a path to major benefit cuts unless Congress acts, CBO director says
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.
Biden accuses GOP senator of being 'confused' for criticism of Medicare policies; senator fires back
President Biden on Wednesday said Sen. Rick Scott, R-Fla., was "confused" for suggesting cuts to prescription drug costs equated to cuts to Medicare.
Comer blasts Biden, Schumer for trying to 'scare seniors' by saying GOP wants to cut Social Security, 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.
Republican lawmakers push back after Biden says GOP wants to cut Social Security, Medicare: 'Dishonest move'
GOP senators on Wednesday said President Biden was mischaracterizing their respective positions on Social Security, Medicare, and Medicaid.
CBO offers Congress options for saving Social Security, Medicare, Highway Trust Fund from insolvency
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.