Oct 31 Watch 6:49 Examining the divide between Harris and Trump on Social Security and Medicare spending By Amna Nawaz, Lisa Desjardins In the final days of this election, both presidential candidates are trying to win over older voters with their plans for entitlement programs like Social Security and Medicare. Social Security is at risk of being depleted as soon as 2034… Continue watching
Oct 10 Social Security recipients to get smaller 2.5% benefits boost in 2025 By Fatima Hussein, Associated Press 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. Continue reading
Oct 09 Social Security is due for another cost of living increase. It ‘won’t make a dent’ for some retirees By Fatima Hussein, Associated Press 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%… Continue reading
Aug 12 Watch 9:06 A look at the Social Security funding gap and ways to fix it By Paul Solman, Diane Lincoln Estes 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. Continue watching
Nov 08 At 3rd debate, GOP candidates support raising retirement age By Associated Press Republican presidential candidates came out swinging with benefit cuts to Social Security in order to preserve the retirement income program. Continue reading
Oct 12 Social Security recipients will get over $50 more per month on average in 2024 By Fatima Hussein, Associated Press This year's 8.7 percent benefit increase was brought on by record 40-year-high inflation, which pushed up the price of consumer goods. With inflation easing, the next annual increase is markedly smaller. Continue reading
Sep 27 Watch 6:58 GOP Rep. Lawler on the disagreements in his party that could lead to a government shutdown By Lisa Desjardins, Kyle Midura As the nation moves closer to a government shutdown, there is still no sign of a way out ahead of the Saturday night deadline. Whenever a deal is ultimately struck to avoid a shutdown or reopen the government, moderate Republicans… Continue watching
May 16 How the U.S. could be pinched by a government default By Darlene Superville, Associated Press Millions of job cuts. No Social Security checks. Disrupted services like air traffic control. Treasury Secretary Janet Yellen says these are some of the ways consumers could be hurt if the U.S. experienced an unprecedented government default. Continue reading
Apr 07 Most Americans oppose Social Security, Medicare cuts, AP-NORC poll says By Amanda Seitz, Hannah Fingerhut, Associated Press Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation's highest earners to keep Medicare running as is. Continue reading
Mar 31 Medicare, Social Security could fall short over next decade, report says By Amanda Seitz, Fatima Hussein, Associated Press An annual report on Social Security and Medicare says the financial safety nets millions of older Americans rely on and millions of young people are counting on will run short on funds to pay full benefits within the next decade. Continue reading