The program relies primarily on payroll taxes to fund benefits, and that money is then funneled out to current beneficiaries.
On May 6, 2024, Secretary of the Treasury Janet Yellen co-authored a letter alerting Congress that the OASI Trust Fund ...
Although benefit cuts aren't a given, it's important to gear up for them -- whether you're already retired or not.
The figure for projected benefit cuts has also moved significantly, depending on fluctuating economic conditions and other ...
A small tax increase would make the essential national retirement program secure for decades, our columnist says, but ...
The Center for Retirement Research at Boston College has released an in-depth response to The 2024 Trustees Report for Social ...
The recently released Social Security Trust Fund report on the financial outlook for the program is a frightening incentive ...
Furthermore, the 23rd consecutive year of annual surveys by national pollster Gallup found that 88% of questioned retirees ...
One disappearing option is the chance to invest a portion of trust fund reserves in equities, Munnell says, noting this is an ...
Social Security trustees just published their annual report about the program’s finances. They predict that the combined $2.8 trillion retirement and disability trust fund will run dry in 2035 – ...
There must be 50 ways to fix Social Security. OK, that’s not a direct quote of the Paul Simon lyric, but I find myself ...