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Social Security and Medicare Are Racing Toward Drastic Cuts—Yet Lawmakers Refuse To Act
When that happens, seniors will face an automatic 23 percent cut in their Social Security benefits. Medicare will reduce ...
The First Thing Retirees Should Do With Funds From the Social Security Fairness Act
The Social Security Fairness Act made it possible for many public servants to receive Social Security they'd earned on top of ...
The Future of Social Security Just Went From Bad to Worse. Here's What Seniors Can Expect Next.
Every year, the trustees analyze the current state of Social Security and forecast the future of the program. Changes in the ...
Social Security and Medicare clocks tick to depletion
As President Donald Trump and Congress fumble through his One Big Beautiful Bill on the budget for fiscal year 2025-26, they ...
AOL3d
How the Social Security Fairness Act Could Change Retirees’ Taxes - AOL
The Social Security Fairness Act has repealed two major provisions — The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) — that will provide financial relief for some.
Trustees confirm Democrats made Social Security worse
Thanks to legislation signed by Biden last year, the Social Security Trust Fund is now set to run out of money almost a year ...
Social Security is set to dry up even sooner than expected—and younger generations will pay the price
To right the ship, the trustees note that more revenue would need to be collected—like through a payroll tax increase—or ...
Social Security won’t be able to pay full benefits in 2034 if Congress doesn’t act
Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities in 2034 if lawmakers don’t act to address the program’s pending shortfall, ...
FingerLakes1.com9d
Social Security cuts must happen: How much needs to be slashed from monthly checks?
Social Security has not collected enough revenue to cover its total cost since 2021, and the gap between income and expenses ...
Social Security’s Finances Erode Further, Risking Benefit Cuts
The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could ...
The New York Sun4d
As Social Security, Medicare Barrel Toward Insolvency, Pressure Grows on Politicians To Act To Avoid Benefit Cuts
The trust funds for both programs are on pace to run dry by 2033, triggering an automatic 23 percent cut in seniors’ Social ...