Social Security is an important source of income for millions of retired Americans today. And those who depend on those monthly benefits to pay the bills are no doubt eager to know what their 2025 cost-of-living adjustment (COLA) will amount to. Unfortunately, that information won't beco...
"Inflation took a financial toll this past year, particularly on retirees, who often rely on Social Security as a key source of income. Even with this adjustment, we know many older Americans who rely on Social Security may find it hard to pay their bills." THE ‘MAGIC NUMBER’ TO ...
The Social Security Fairness Act would add an estimated $196 billion to deficits over the next decade, the Congressional Budget Officehas estimated. It would also move Social Security's trust fund depletion dates closer by an estimated six months,according tothe Committee for a Responsible Federal ...
"Retirees shouldn't have to choose between paying their bills or buying medication and groceries," said Eddie Campbell, president of the Kentucky Education Association. What the bill would do The legislation would eliminate a provision that cuts Social Security payments to some retirees who also...
Washington lawmakers have proposed bills that would change the way Social Security's annual cost-of-living adjustment is measured, prompting Social Security Works to declare "Social Security's COLA is on the ballot" this November in a statement released Thursday....
Comprehensive and meticulously documented facts about Social Security. Learn about Social Security's taxes, benefits, financial status, reform options, and more. For example: • Taxable Maximum • Causes of Fiscal Problems • Old-Age Benefits • “Looting the Trust Fund” • Personal Ownersh...
The Social Security Administration’s Death Data: In Brief Introduction The Social Security Administration (SSA) acquires and maintains death data to administer the Social Security and Supplemental Security Income (SSI) programs, including preventing the improper payment of benefits to deceased individuals...
Having Social Security adjusted for or indexed to inflation was necessary to ensure that beneficiaries with no other sources of income could still pay their bills. All this prompted Congress to modify the Social Security program so that inflation would trigger increases in benefit amounts. Congress...
Fighting Social Security Scams Identity theft thrives in the United States in part because Americans are asked to provide theirSocial Security number (SSN)in many types of interactions. For example, an April 2024 lawsuit alleges that a hacker accessed billions of records with personal information, ...
Now that lawmakers have agreed on $1.59 trillion in spending for this fiscal year, they still have to agree on how to allocate those funds and pass the bills. What may happen with Social Security in a shutdown If the worst-case scenario happens, and lawmakers fail to finalize a...