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The coming year has significant changes in store for Social Security, both for retirees collecting benefits and workers still paying into the program. The Social Security Administration (SSA) won't...
President Joe Biden has opposed three GOP proposals that he says would weaken Social Security — raising the retirement age, means testing benefits and the so-called sunsetting of the program.
As the Social Security Old Age and Survivors Insurance Trust (OASI) faces depletion by 2033, President Joe Biden has suggested to bolster funds in the trust and help fill the $22.4 trillion ...
The most recent report prepared by Social Security's trustees revealed the cost for retirement and disability benefits exceeded the program's income by $41.4 billion in 2023.
About 71 million people — including retirees, disabled people and children — receive Social Security benefits. President Joe Biden responded to the report by saying that “as long as I am president, I will keep strengthening Social Security and Medicare,” adding that he wants high-income taxpayers “to pay their fair share” to bolster ...
The fate of Social Security and Medicare are a major focus of the 2024 presidential election. President Biden has pledged to protect the programs, while his budget calls for raising taxes on the ...
The Supreme Court has established that no one has any legal right to Social Security benefits. The Court decided, in Flemming v. Nestor (1960), that "entitlement to Social Security benefits is not a contractual right". In that case, Ephram Nestor, a Bulgarian immigrant to the United States who made contributions for covered wages for the ...
Moderate Social Security increase. Retirees will receive a 3.2% Social Security cost-of-living adjustment. That will juice the average retirement benefit by $59 a month, from $1,848 to $1,907 ...