Social Security payments have been helping seniors supplement their retirement income since the Social Security Administration was created in 1935. With the decline of employer pension plans, workers have become increasingly responsible for building their own retirement savings nest eggs.

Here are the reasons why the personal finance guru believes Americans should be less pessimistic about the fate of the social safety net. Reasons not to worry. The biggest reason

With the newest CBO estimate predicting the national debt will hit $52 trillion by 2035, Congress has two feasible options to protect current Social Security benefits without inflicting fiscal harm.

Read about the CBO's projections regarding the country's budget and economy for 2025 and for the 10 years that follow.

President-elect Donald Trump's plans to protect Social Security benefits could give retirees more money in their pockets, but it could also deplete the program's funds more quickly over the long term.

The Social Security Old-Age and Survivors Insurance (OASI) Trust Fund pays retirement, spousal, and survivors benefits. Before President Biden signed the Social Security Fairness Act into law, the OASI Trust Fund was expected to be insolvent by 2033, at which point only 79% of scheduled benefits would have been payable.

U.S. Rep. David Schweikert warned on the House floor this week about ballooning deficits in Social Security and Medicaid programs. Over the next 30 years, he warned, citing Congressional Budget Office estimates,

Last week’s Medicare Part D question was from Tonya regarding discovering that she and her husband are receiving an “extra” Part D premium, which she never knew about. You advised her to contact her local Congressional office to help appeal the Medicare issue.

Although Donald Trump has promised to "not touch" Social Security and that beneficiaries will "get what they're getting," many of his proposed policies would have an effect on the program's bottom line, according to the analysis by the CRFB.

When will we receive our higher Social Security payments, now that the penalty is lifted ? Will there be a back payment ? I have tried calling Social Security about this and can never get through. Answer : You are referring to the Social Security Fairness Act,

The U.S. government is being called out by an Illinois-based government finance watchdog for its spending and reporting practices. Truth in Accounting recently took part in a virtual event called “Citizen-Heroes Conference” aimed at exposing the true scope of U.

U.S. President Donald Trump is pushing a plan to explicitly use revenue from higher tariffs on imported goods to help pay for extending trillions of dollars in tax cuts, an unprecedented shift likely to face opposition from many of his fellow Republicans in Congress.