Social Security Benefit Cuts Are Coming: 4 Changes With Bipartisan Support Could Solve the Problem
Social Security has a serious problem. The cost of paying benefits is rising faster than revenue from taxes and trust fund interest as the baby-boom generation enters retirement. Consequently, the program has operated at a deficit in each year since 2021, and the trustees expect the problem to persist indefinitely until Congress intervenes. That situation […]
You Won’t Believe How Much Buying Power Seniors on Social Security Have Lost in the Past 14 Years
Millions of seniors rely on their monthly Social Security benefits to stay afloat in retirement. But for some people, those benefits constitute the bulk of their retirement income — or even all of it. That’s a problem, seeing as how the program’s cost-of-living adjustments (COLAs) have sorely failed to keep pace with inflation through the […]
