Social Security Trust Fund Could Be Depleted by 2032 The Social Security trust fund could be depleted by 2032. Social Security has been instrumental in ensuring that millions of seniors do not live in poverty. However, the program is facing…
Will Social Security End in 2035? Social Security is one of the most important social welfare programs in the United States, providing financial assistance to millions of elderly, disabled, and low-income individuals. However, the future of the program is uncertain,…
A cost-of-living adjustment, often known as a COLA, is given to seniors and millions of other Social Security claimants each year in an effort to keep their monthly benefits in line with inflation. The Senior Citizens League estimates that the…
March 2023 Social Security Benefit Payments Schedule Beneficiaries can expect bigger benefit checks this March 2023 Social Security Benefit Payments release, thanks to the 8.7% cost-of-living adjustment (COLA) for 2023. The March 2023 Social Security benefit payments are distributed according…
The Social Security Gender Gap The Social Security Gender Gap refers to the disparity in retirement benefits that women receive compared to men. This gap exists due to several factors, including the gender pay gap, career breaks for caretaking responsibilities,…
Debt Limit Crisis Threatens Social Security Payments As the debt limit crisis looms over the United States, concerns arise about how the government will manage Social Security payments if the debt limit is not raised. The debt limit is the…
On March 15, the Social Security Administration will send out the second batch of March retirement payouts, which could be worth up to $4,555. The payment is available to beneficiaries born between the 11th and the 20th of a given…
According to a new study, pensioners will receive only some benefits beginning in 2034. However, by 2034, Social Security will still exist, but retirees will only receive 77% of their full benefit. This worry will likely come true if Congress…
In another worrying Social Security news, some analysts are stating that if Congress does not act to protect the program’s financing, payment cutbacks of up to 20% may begin as early as 2032. According to Social Security Administration (SSA) figures…
Nikki Haley, a Republican running for president, has taken a position on the divisive topic of entitlement reform that has already drawn criticism from former President Donald Trump, calling for raising the retirement age for people who are currently in…