Technically, by 2033, Social Security payments would be higher than these current averages due to annual cost-of-living adjustments (COLAs), which are designed to prevent inflation from eroding the ...

Social Security is less than a decade away from insolvency, which could lead to a 24% benefit cut. The Social Security Commissioner indicated that all options were on the table before ruling out the ...

The latest report from the Social Security Trustees confirmed a scenario that has many people worried: The program is facing a major financial shortfall that could force it to slash benefits come 2035 ...

Social Security is facing a $25.1 trillion long-term funding shortfall, as well as the prospect of sweeping benefit cuts in as little as seven years. Social Security Commissioner Frank Bisignano is ...

A Social Security 'war room,' threats to shut the agency, worker buyouts and a restraining order - here's a timeline of what has taken place so far this year Millions of Americans rely on Social ...

Many Americans fear that Social Security is going to run out or not provide promised benefits. It's very unlikely that there will be a direct reduction in the amount of benefits provided to retirees.

To make matters worse, 2033 is also the year analysts predict the Medicare Hospital Insurance fund will be depleted. Once ...

Social Security benefits are an important income source, but many younger Americans are worried that they won't receive the money they have been promised. In fact, a majority of older Americans ...