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.
Economist offers bipartisan plan to avoid financial crisis by stabilizing America's surging national debt
The U.S. national debt is growing rapidly to record-setting levels, and economist Brian Riedl proposes a bipartisan plan to stabilize the debt's growth to avert a future debt crisis.
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.
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.
There's no fiscal responsibility in any of Kamala Harris' policies whatsoever: Rep. Greg Murphy
Rep. Greg Murphy, R-N.C., joins 'Mornings with Maria' to discuss Trump pitching the elimination of taxes on Social Security, government funding, as well as Kamala Harris' economic record and policy agenda.
Trump declares seniors should not pay taxes on Social Security
Republican presidential nominee and former President Trump said in a social media post on Wednesday that he wants to make Social Security tax-free for senior citizens.
Social Security benefits are falling short. The problem could soon get worse
Between 2010 and 2024, benefits have risen by about 58% due to the annual cost-of-living adjustments. The cost of most goods and services purchased by the typical retiree rose 73% during that same period.
Social Security just announced a change for millions of beneficiaries
The Social Security Administration said that beneficiaries will soon need to transition to a new login portal in order to access their account information.
Trump VP pick JD Vance: What are his views on taxes, deficits, entitlements?
Former President Trump tapped Senator JD Vance of Ohio as his running mate and vice presidential nominee for the 2024 GOP ticket, which has put a spotlight on Vance's policy views.
Americans agree that something must be done to save Social Security: survey
Only 30% of respondents to a survey knew that without reforms, Social Security beneficiaries face an automatic cut in benefits in the next decade.
More retirees consider returning to work as high inflation squeezes
While Social Security recipients received a 3.2% cost-of-living adjustment in 2024, retirees say they are still struggling financially, a new survey shows.
Your Social Security COLA increase could be smaller than expected next year
Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025, according to a new analysis, as inflation shows signs of moderating.
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.
Americans retirement outlook improves despite inflation: survey
The majority of workers and 74% of retirees believed they will have enough money to live comfortably throughout retirement, according to the The Employee Benefit Research Institute and Greenwald Research survey.
Social Security recipients will get one less payment in June – here's why
Some Social Security recipients will miss a payment in June, but it doesn't mean retirees are receiving less money — it's due to a quirk in the system.
You might get a bigger Social Security check next year. Here's why
The Seniors Citizens League estimates that Social Security beneficiaries could receive a 3% cost-of-living adjustment in 2025 as inflation gains steam.
Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
Social Security trust funds will not run out of money until 2035, at which point Seniors can expect their benefits to be reduced by 17% unless Congress takes steps to shore up the program.
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.
Some Americans to receive rare second Social Security payment in May
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.
Higher March inflation boosts Social Security COLA forecast for 2025
The latest Social Security cost of living adjustments (COLA) jumped considerably after a spike in inflation last month, according to one estimate.