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Apr 09 2024
News
America's Social Security Timebomb
The Social Security Administration (SSA) is facing a grave insolvency threat as more Americans begin claiming their government-funded retirement benefits, and millions of beneficiaries could face monumental cuts if action is not taken.
Social Security forms the bedrock on which millions of Americans fund their retirement plans.
In 2022, the SSA paid out retirement, survivor and
NewsweekApr 11 2024
News
Social Security COLA may get an upgrade
Democratic lawmakers have proposed a new law that would give Social Security payments a major upgrade, and many seniors could see higher monthly checks as a result. Social Security benefits are calculated based on an annual cost-of-living adjustment (COLA), which looks at the consumer price for urban wage earners and clerical workers (CPI-W). That has left many seniors who receive Social
NewsweekMar 28 2024
News
Donald Trump Has a Social Security Problem
Social Security has formed the bedrock of financial means for millions of Americans for generations. Paying out billions in retirement funds and welfare aid each year, the program has endured since the Social Security Act was signed into law by President Franklin D. Roosevelt in 1935, following the worst financial crisis of the 20th century.
But as Donald Trump gears up for his third
NewsweekApr 03 2024
News
Donald Trump issues dire Social Security warning
Donald Trump has attacked President Joe Biden's policies on illegal immigration, saying they will cause Social Security and Medicare to "collapse". Speaking at a campaign rally in Green Bay, Wisconsin, on Tuesday, the former president took aim at Biden's record on the southern border. "One of the most important issues in this race is how Biden's border invasion is going to obliterate Medicare
NewsweekApr 15 2024
News
Social Security update: Payment of $4,873 to go out this week
Some Social Security recipients are set to receive payments of up to $4,873 this week. On April 17, recipients of Social Security are expected to begin receiving their monthly disbursements. These payments are provided to retired individuals, qualifying disabled individuals and survivors of deceased claimants. However, with various categories of payments and a significant number of
NewsweekApr 17 2024
News
Provisions that limit Social Security retirement benefits in Louisiana would prove costly
WASHINGTON — Rescinding the decades-old Social Security provisions that limit retirement benefits for thousands of Louisiana teachers, police officers and other state and municipal employees — plus millions of similar workers in other states — could cost federal taxpayers hundreds of millions of dollars, the U.S. House heard Tuesday night. Retirees, who wanted the Social Security provisions
The Times-PicayuneApr 15 2024
News
Retired Americans with student loan debt risk garnishment of Social Security benefits
Millions of older Americans at risk of defaulting on student loan payments may lose some of their Social Security benefits, Democratic lawmakers said in a letter urging President Joe Biden's administration to act. Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., were among several lawmakers who wrote to President Joe Biden about the risk student loan borrowers aged 65 or older faced
Fox BusinessApr 07 2024
News
Top GOP lawmaker believes he can 'fix' Social Security
A top House Republican wants to raise the retirement age for social security benefits to save the program from a projected 2033 insolvency deadline. Republican Study Committee (RSC) Chairman Kevin Hern, R-Okla., released a budget last month that included conservative proposals to cut federal spending and extend the life of social security. If nothing is done, the critical program will face a
Fox News (Online News)Mar 29 2024
News
Ernst, Feenstra seek review of Iowa Social Security office
U.S. Sen. Joni Ernst and U.S. Rep. Randy Feenstra are asking the Social Security Administration to investigate the Sioux City field office after receiving a tip about long delays in claims processing at the office. The Iowa politicians, both Republicans, sent a letter to Inspector General Gail Ennis asking the agency to review complaints at the field office. Feenstra’s district includes Sioux
Cedar Rapids GazetteMar 11 2024
News
Biden, Trump discuss Social Security, Medicare cuts
GOFFSTOWN, N.H. (CNN) — President Joe Biden highlighted and hit back against comments from former President Donald Trump Monday suggesting openness to entitlement reform, vowing to a largely retirement age crowd in New Hampshire that he would block any efforts to cut Medicare or Social Security. “Many of my Republican friends want to put Social Security and Medicare back on the chopping block
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