In 2024, approximately 171 million American workers paid Social Security taxes, and nearly 72.9 million Americans received Social Security benefits. Personal finance bestselling author Dave Ramsey has a strong warning about the federal program.
Data from TSCL’s 2024 Senior Survey shows 62% of older Americans worry their retirement income won’t even cover essentials such as groceries and medical bills. Will 2026's COLA increase help?
The amount Florida's spending on supplemental security payments for children dropped despite an increase in the number of recipients.
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
It ends the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), which reduced or eliminated the Social Security benefits of over 3.2 million people who receive a pension based on work that was not covered by Social Security (a "non-covered pension").
An important footnote in the memo calling for a federal funding freeze exempted Social Security. The White House subsequently walked back the freeze after a federal judge issued a temporary restraining order.
February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in two days. The next SSI payments are scheduled to be distributed on Friday, Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income,
Learn how the Social Security Fairness Act may increase your retirement benefits by eliminating the Windfall Elimination Provision and the Government Pension Offset.
Nothing in this memo should be construed to impact Medicare or Social Security benefits,” the memo from the Office of Management and Budget reads.
Nearly 72.88 million Americans rely on Social Security for monthly income. The vast majority, about 65.5 million, collect Social Security benefits. Another 4.88 million receive Supplemental
President Donald Trump’s pause on federal grants and loans has agencies and individuals scrambling as the fallout continues.
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