A new year brings fresh changes to Social Security. One of the most prominent changes is the cost-of-living adjustment (COLA), which will be 2.5% this year and is slated to boost the average retiree's checks by just under $50 per month.

Trump has repeatedly said he won’t “cut one cent” from Social Security or raise the retirement age. The official Republican Party Platform adopted at the Republican National Convention echoed those promises but it’s less clear how Trump plans to shore up the program’s finances.

Donald Trump's 2024 economic agenda is all about big changes to taxes, Social Security, and even food stamps. First, Trump wants to expand the tax cuts he initiated in 2017 by lowe

The next U.S. president and Congress will need to tackle the financial challenges facing Social Security if we are going to avert a sharp cut in benefits to the 68 million retired or disabled Americans who rely on the program.

Trump promised to cut Social Security taxes. Experts say the plan could slash benefits for low-income retirees and younger generations.

In the coming years, Social Security expects to owe more in scheduled benefits than it collects in payroll tax revenue as baby boomers stage a massive exodus from the workforce. T

President-elect Donald Trump has promised to eliminate taxes on Social Security benefits. However, experts say it’s too early to factor such changes into financial plans, even with a Republican majority in Congress.