Social Security payments are adjusted each year to keep pace with inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers. The 8.7% Social Security cost-of-living adjustment for 2023 is significantly larger than the 5.9% COLA in 2022 and just 1.3% COLA in...
Here are 7 big changes coming to Social Security in 2017Sean Williams
Social Security Statements Coming
Nancy Altman, president of Social Security Works, a social-welfare organization, sees the plan as “just a way of hiding the ball” to make changes that are unpopular with voters, she said. Given the importance of the Social Security program, change...
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Some changes are in the wind for Social Security, Medicare and Medicaid—entitlement programs that account for 45% of the federal government’s payouts. Many of the changes are still years away. But some of them will start next year, smack in the middle of the presidential election campa...
Social Security's full retirement age reflects the point at which people can claim their full benefits. It's going up in 2025. Dec 20, 2024 What to know about Social Security's December and January 2025 payments Social Security beneficiaries have some changes coming in December and January...
The government, via the BLS and SSA, publishes the official annual cost-of-living adjustments typically in the middle of October, with changes to social security, retiree benefits and medicare effective for the subsequent year. However trailing inflation/CPI levels can provide a strong indication of...
Read Next: Trump Won the Election — 2 Changes That Could Be Coming to Social Security in the Next 4 Years Try This: How Long You Could Last on Nothing but Social Security in 50 Major Cities Some people are worried about how efficiency and a goal for a fiscal surplus can im...
Now for the disappointing part: Social Security incomehas been losing purchasing power consistently since this century began. Last year, TSCL released a study that compared aggregate COLAs between January 2000 and February 2023 to the collective price changes observed for a basket o...