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U.S. President Biden participates in a bill signing ceremony for the "Social Security Fairness Act", in Washington

Politics Jan 05

Biden signs bill that raises Social Security payments for millions of Americans

By Fatima Hussein, Associated Press

Nation Oct 10

Social Security To Increase Payments By Largest Amount In 40 Years
Social Security recipients to get smaller 2.5% benefits boost in 2025

Millions of retirees who receive Social Security benefits will see a 2.5 percent cost-of-living increase to their monthly checks beginning in January.

By Fatima Hussein, Associated Press

Politics Oct 09

An American flag flutters in the wind next to signage for a U.S. Social Security Administration office in Burbank
Social Security is due for another cost of living increase. It ‘won’t make a dent’ for some retirees

The annual Social Security and Medicare trustees report in May that the program's trust fund will be unable to pay full benefits beginning in 2035. If the trust fund is depleted, the government will be able to pay only 83%…

By Fatima Hussein, Associated Press

Nation Aug 12

social
Watch 9:06
A look at the Social Security funding gap and ways to fix it

Seventy million Americans receive Social Security benefits. But the program is paying out more than it’s taking in. Economics Correspondent Paul Solman looks at whether or not that financing gap spells doom and what can be done.

By Paul Solman, Diane Lincoln Estes

Politics Feb 09

U.S. President Joe Biden delivers State of the Union address at the U.S. Capitol in Washington
Watch 6:42
How Biden reignited debate over Social Security and Medicare during his State of the Union

Democrats and Republicans have been sparring for months over the federal government’s two main safety net programs, Social Security and Medicare. In the State of the Union address, President Biden said some Republicans want to target the programs for cuts.

By Lisa Desjardins, Saher Khan

Oct 13

Watch 5:00
News Wrap: Supreme Court refuses Trump request in Mar-a-Lago documents case

In our news wrap Thursday, the U.S. Supreme Court refused former President Trump's request for an independent arbiter to examine classified White House documents found at his Mar-a-Lago estate, the U.S. Labor Department turned in another tough report on inflation…

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Oct 13

Watch 5:36
Will the bump in Social Security benefits be enough to offset inflation?

By Paul Solman, Ryan Connelly Holmes, Karina Cuevas

For older Americans and retirees, there was some helpful news to accompany the latest inflation report. Americans taking Social Security will see an 8.7% bump in their benefits. That's starting in January thanks to the 2023 cost of living adjustment,…

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Feb 03

The Social Security pitfall we just learned about

By Paul Solman

Have you heard of "retroactivity"? The hidden provision can lower your lifetime Social Security benefits.

Continue reading

Dec 21

Is the effective deadline to file and suspend later than everyone thinks?

By Laurence Kotlikoff

Does a four-month rule mean that more people can file and suspend than was originally thought?…

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Oct 11

Social Security recipients can expect no benefit increase next year

By Stephen Ohlemacher, Associated Press

For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population.

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