It sounds like good news. The Senior Citizens League (TSCL), a nonprofit and nonpartisan advocacy group, has increased its long-term Social Security COLA forecast for 2025 to 2.6%. But that modest ...
Congressional Budget Office reporting has stated that the biggest drivers of debt rising in relation to GDP are increasing interest costs and spending for Medicare and Social Security. An aging ...
Supplement Security Income (SSI) provides monthly payments to adults and children with a disability or blindness. It also provides monthly payments to adults aged 65 and older, who have limited income ...
Congress could also raise Social Security payroll taxes, or do a little bit of both: A more modest benefit cut and payroll tax increase. “You can make some changes now that don’t have to be as drastic ...
Their demands included a 20 percent wage increase, the hiring of more teachers, changes to social security legislation, ...
There's a simple answer. In 2024, seniors on Social Security saw their monthly benefits increase by 3.2%. And at this point, ...
Stronger than expected economic growth last year drove improvements to the fiscal health of the trust funds that finance ...
The financial health of Social Security and Medicare, two of the nation’s most crucial safety net programs, improved this ...
Based on the current rate of inflation, Social Security recipients are on track to receive a cost-of-living adjust increase ...
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The improved forecast was due to high levels of labor productivity and lower long-term disability incidence rate.
The latest report on the future of Social Security detailed the program's ability to pay out full benefits as a retirement ...