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Considering recent news, you may have missed that the 2025 trustees reports for Social Security and Medicare are out. Once ...
Social Security benefits will be depleted in 2033, according to SSA’s latest trustees report, and retirees will need extra ...
Unfortunately, the latest Social Security Trustees Report has raised concerns about the program's solvency. This is a serious issue for seniors who rely heavily on their Social Security benefits to ...
As President Donald Trump and Congress fumble through his One Big Beautiful Bill on the budget for fiscal year 2025-26, they ...
When that happens, seniors will face an automatic 23 percent cut in their Social Security benefits. Medicare will reduce ...
Every year, the trustees analyze the current state of Social Security and forecast the future of the program. Changes in the ...
Thanks to this legislation, which had bipartisan support, Americans are getting the benefits they worked for,' writes an L.A.
The trust funds for both programs are on pace to run dry by 2033, triggering an automatic 23 percent cut in seniors’ Social Security checks.
The Social Security trust fund is expected to run out of money by 2033, according to a new report. Unless Congress acts before then, benefits for millions of retirees will be cut by 23%.
The report largely attributes the Social Security go-broke date being pushed up to a new law, the Social Security Fairness Act, which took effect in January.
The report cited last year’s passage of the Social Security Fairness Act as a key factor behind the shift in the funds’ projected depletion dates.
After that point, Social Security would only be able to pay 81% of scheduled benefits — a significant cut to the monthly checks millions of Americans rely on. Last year’s estimate from the program’s ...