Social Security Benefits

The 2024 Social Security COLA could rise to 3%, according to a Senior Citizens League estimate. That would be a drop from the 2023 adjustment of 8.7%. But retirees have options to reach a comfortable retirement.

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.

Most Americans (88%) said it is critical to have another source of guaranteed income beyond Social Security benefits to have a comfortable retirement, according to a recent Allianz Life survey.

The Social Security cost-of-living adjustment could be 3% in 2024, a big drop from last year, amid signs that high inflation is beginning to moderate.

A recent poll found that the majority of American adults are opposed to cutting Medicare or Social Security benefits. More than half are against raising monthly premiums for Medicare.

Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees, according to a recent government report.

The White House is floating higher taxes on wealthy U.S. households as part of an effort to shore up funding for Medicare, which faces insolvency in 2028.

Florida Sen. Rick Scott argues it's better to balance the congressional budget than "spending to oblivion" while struggling to solve a "dramatic" debt ceiling debacle.

Sen. Rick Scott, R-Fla., calls for President Biden to resign, alleging the president cheated on his taxes and is a "hypocrite" on his Social Security and Medicare accusations.

House Speaker Kevin McCarthy claims he's not considering budget cuts to Social Security or Medicare as Congress negotiates fiscal pathways to raising the debt ceiling.

Social Security benefits could not keep up with inflation in 2022, according to a report by The Senior Citizens League.

Rep. Dan Meuser calls out Democrats' "excessive, wild, wasteful" spending impacting interest rates, Social Security, the labor sector, housing and Medicare.

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.

Up to 15% of a person’s Social Security benefits can be garnished to pay student loans in default.

Rep. Jason Smith, R-Mo., ripped MSNBC host Joy Reid's dismissal of Social Security insolvency warnings, saying, "Just because someone says it's not true doesn't mean it's not true."

Federal income tax returns filed by former President Donald Trump and former First Lady Melania Trump show a few surprises including in as well as cryptocurrency views, a refund status in the millions and their position on cryptos.

Social Security benefits are set to surge by 8.7% in 2023, the biggest cost-of-living increase in four decades that comes in response to high inflation.

Fox News contributor and economist Brian Brenberg rips White House tweets as "context-less," and says it's the reason why "nobody believes them on the economy."

The Social Security Administration announced earlier this month that benefits are set to increase by 8.7%, the highest in 40 years as retirees face high inflation.

Social Security recipients will see the largest benefits increase in 40 years in 2023. Here’s what that means for your retirement savings plan.