One positive aspect of Social Security is that the program is set up to adapt to economic changes. Each year, for example, Social Security benefits are eligible for an automatic cost-of-living adjustment.
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Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner.
The Social Security cost-of-living adjustment for 2025 is the lowest since the post-Covid inflation spike. Yet retirees still face high prices.
Social Security payments rise this week, but Fairness Act-related payments face delays due to funding issues.
Social Security benefits form the bedrock of income for millions of Americans—and those who claim Supplemental Security Income (SSI) will be paid this week. Adults and children with disabilities, or who are blind, with little to no income are eligible to receive SSI.
The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back payments. Here's what you should know.
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 16 days. Here is all you need to know about February’s Social Security payments,
You may be inclined to delay your Social Security claim if you like the sound of that. But you should know that there's a risk involved that could make it a less optimal choice. Y
Those who applied for Social Security and were denied due to government pension offset rule or windfall elimination provision don't need to re-apply for money promised under new provisions.
Social Security only has nine years left until it becomes insolvent, and in light of the Social Security Fairness Act's recent passage, that might be too optimistic. The program is staying afloat by draining money from its trust funds,