Trump Proposals Could Lead to a 33% Cut in Social Security Benefits
Social Security will be forced to cut benefits by an estimated 23% in 10 years if Congress fails to prop up the program’s trust funds before then, but...
Social Security Benefits to Rise 2.5% in 2025
Social Security recipients will receive a 2.5% cost of living adjustment in 2025, the Social Security Administration announced Thursday. It’s the...
Trump’s Social Security Tax Plan Would Cost $1.5 Trillion: Analysis
Former President Donald Trump suggested this week that he wants to repeal the income tax on Social Security benefits. “SENIORS SHOULD NOT PAY TAX ON...
Social Security, Medicare Get Modest Boost From Strong Economy
Solid economic growth in the wake of the pandemic has strengthened some of the nation’s leading social safety net programs, as robust employment...
BlackRock CEO Warns of a Retirement Crisis
Larry Fink, the billionaire chairman and CEO of investing giant BlackRock, warns in a newly published annual letter to shareholders that it’s time to...
House Republican Caucus Calls for Raising the Social Security Retirement Age
The Republican Study Committee, the largest conservative caucus in the House, released on Wednesday a 2025 budget proposal that would slash healthcare...
US Retirement System Gets a C+
With a mix of mandatory public and private pension programs, the Netherlands has the world’s best retirement system, according to a new ranking from...
Rising Income Inequality Hurts Social Security, Expert Says
Social Security faces a crisis in 2034, when its main trust fund is projected to become insolvent, potentially resulting in significant cuts in...
Social Security Benefits Could Be Cut by $17,400 a Year When Trust Fund Runs Dry
A typical retired couple could face a loss of $17,400 in their annual Social Security benefits in 2033, when the retirement program’s main trust fund...
Biden Taps a New Social Security Administration Chief
President Biden announced Wednesday that he intends to nominate former Maryland governor Martin O’Malley to head the Social Security Administration....