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

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

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.

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,

With the clock is ticking on the Social Security Trust Fund, Reps. George Latimer and Mike Lawler say more time is needed to study the options.

The Congressional Budget Office has estimated that the new measure will cost nearly $196 billion over a decade—a significant sum, especially considering that, at the moment, the Social Security fund could run out of money in 2038 if no action is taken by ...