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The 2025 budget law will accelerate Social Security insolvency to 2032. The program will go insolvent during the term of the ...
Big changes are coming to Social Security in the year ahead, impacting everything from the size of your benefit check to your full retirement age. Here's what you need to know.
The stability of the Social Security system in the United States is in a critical situation Recent changes in tax legislation ...
Last year’s estimate from the program’s trustees put the Social Security go-broke date at 2035, but the Social Security Fairness Act, enacted in January, increased benefits for many and is one ...
Social Security, the nation's largest retirement program, turned 90 this week but is anticipated to face the threat of ...
Social Security is rushing even faster toward insolvency, driven by retiring baby boomers, a weak economy and politicians' reluctance to take painful action to fix the huge retirement and ...
And with Social Security so near to insolvency, some tax hikes and benefit cuts are likely inevitable even with a shift to stocks. "The first rule of investing, after all, is that there is no such ...
The current average Social Security benefit for a retiree stands at $1,976, which means a 19% reduction would take their monthly check down to about $1,600.
These insolvency dates, which had been estimated at 2028 and 2034 a year ago, feed the faulty assumption that Social Security and Medicare benefits are fully funded for the near future, and thus ...
From here on, Social Security will be tapping its savings to pay full benefits. The depletion date for Medicare’s trust fund for inpatient care remained unchanged from last year, estimated in 2026.