Social Security boost may take more than a year
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.
Fact checked by Vikki Velasquez At age 65, many retirees find themselves relying on a combination of Social Security benefits and retirement savings to make ends meet, with the average Social Security payment at $1,
The Social Security Administration, in an update to its website on Friday, said the department does not currently have the funding to execute the adjustments “in a timely manner and without negatively affecting day-to-day customer service.
Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner.
Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments. Under
The Social Security cost-of-living adjustment for 2025 is the lowest since the post-Covid inflation spike. Yet retirees still face high prices.
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.
An update to last week's story about a disabled Prince George County woman struggling for years to get her benefits from the Social Security Administration.
Claiming Social Security at 62 is popular strategy because it gives recipients the most checks. At the same time, it reduces the size of their checks by up to 30%. That's because the government penalizes beneficiaries for every month they claim benefits before their full retirement age (FRA),
President Donald Trump boasted about his first week in office as he rallied House Republicans to advance tax cuts, border security and other conservative priorities.
A third-party software provider that maintains student and teacher data for school districts across the country disclosed it suffered a data breach earlier this month.