Social Security cost-of-living adjustment will be 2.5% in 2025, less than prior year
Social Security retirement benefits, on average, will increase by roughly $50 per month starting in January, the Social Security Administration said on Thursday.
Social Security COLA projected to be 2.5% for 2025, smallest since 2021
Social Security's annual cost-of-living adjustment (COLA) for 2025 is projected to be 2.5%, which would be the smallest benefit boost since 2021 as the pace of inflation slows.
Trump promises to stop taxes on social security benefits
Trump said senior citizens on fixed incomes were being hurt by taxes on their benefits.
Social Security crisis: Beneficiaries face 21% benefit cut without reforms, says CFRB
A new report by the Committee for a Responsible Federal Budget finds that Social Security beneficiaries would see a 21% benefit cut when the trust fund is depleted in late 2033.
Stuart Varney: Trump's 'radical' tax proposals are 'smart politics'
FOX Business' Stuart Varney analyzed Donald Trump's plan to make Social Security payments tax-free for senior citizens and his 'no tax on tips' policy.
Stuart Varney: Trump's 'radical' tax proposals are shrewd political moves
'Varney & Co.' host Stuart Varney analyzed Trump's plan to make Social Security benefits tax-free for senior citizens and his 'no tax on tips' policy.
Some Americans to receive rare second Social Security payment in August
Social Security recipients will receive two checks this month, but it doesn't mean retirees are receiving extra money — it's due to a quirk in the system.
Peter Morici says Social Security shouldn't be taxed: 'Silly situation'
University of Maryland economist Peter Morici discusses Kamala Harris' pivot on her progressive policies and the claims that Trump and Republicans want to cut Social Security, among other benefits.
The disability benefits application process just got a little easier thanks to SSA adjustments
Getting Social Security benefits may not take as long due to recent application adjustments.
Social Security payments will get cut $325 a month starting in 2033 without changes: actuaries
The chief actuaries for Social Security and Medicare testified before the House Budget Committee about the two programs' looming insolvency roughly a decade from now.
Expert reveals the secret to setting yourself up for success in retirement
Ramsey Solutions personality Jade Warshaw provides tips on to secure their retirement with Social Security.
Social Security funds barreling toward insolvency without a fix
The annual Social Security trustees' report this week said the Old-Age and Survivors Insurance trust fund is on track to reach insolvency in 2033.
Biden cancels another $6 billion in student loans, this time for public service workers
Workers like nurses and teachers are getting forgiveness through fixes to the Public Service Loan Forgiveness program.
BlackRock CEO says Social Security's retirement age 'a bit crazy' as crisis looms
BlackRock CEO Larry Fink issued a warning about the fiscal crisis facing Social Security in his annual letter to investors, saying the retirement age should be re-assessed.
Biden 'doesn't have a plan' on Social Security solvency, Treasury secretary says
Treasury Secretary Janet Yellen told lawmakers that President Biden “doesn’t have a plan" when it comes to preventing Social Security from running out of funds.
Some Americans will receive a second Social Security check this week
Social Security recipients will receive two checks this week, but it doesn't mean retirees are receiving extra money — it's due to a quirk in the system.
This is critical for 'thriving' in retirement, personal finance expert says
Personal finance expert Jade Warshaw discusses the importance of planning for retirement beyond relying solely on Social Security.
The future of Bidenomics: You pay Social Security tax on all of your income?
With another four years of Bidenomics, you can be certain that, at the individual and corporate level, a perpetuity tax on Social Security will become front and center.
Small Social Security COLA could leave retirees struggling to get by next year
Social Security beneficiaries are set to receive a 3.2% payment bump in 2024, but many recipients say the increase is not enough to offset high inflation.
Social Security: COLA increasing but Medicare costs rising too in 2024
Social Security checks are increasing next year thanks to the annual cost of living adjustments (COLA). However, the standard monthly cost of Medicare Part B will increase by $9.80, or 6%, to $174.70 in 2024, according to the Centers for Medicare and Medicaid Services (CMS).