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The Social Security crisis is coming one year earlier than we thought
The Social Security shortfall date just moved a little nearer. New federal projection released June 18 show the combined Social Security trust funds will pay 100% of benefits until 2034 before becoming depleted. That date is one year earlier than the Social Security Administration reported a year ago.
Some lawmakers have suggested raising the Social Security tax rate. Currently, that tax rate is 12.4% on wages up to a ...
Both programs are expected to need to cut monthly benefits in less than a decade as their trust funds run dry.
The cost-of-living adjustment, commonly referred to as COLA, has been a long-standing element of Social Security benefits, ...
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Official Announcement Date for 2026 Social Security Increase: Millions of Americans AwaitMillions of Americans relying on Social Security payments are eagerly awaiting a crucial announcement that will directly ...
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