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Otherwise, drastic actions will have to be taken when the Social Security fund reaches its anticipated exhaustion date in 2034, after which continuing tax income will cover just 80% of scheduled ...
The average retired worker on Social Security today collects about $23,000 a year. Over time, that number is likely to increase in line with inflation and wage growth. But let's say you're 45 ...
Social Security is a complex program, and one of the more confusing aspects is the financial state of its trust funds: the Old-Age and Survivors Insurance (OASI) fund (which covers retirement ...
The House-passed Social Security Fairness Act enjoys rare bipartisan support on Capitol Hill, yet the odds of it getting enacted are growing smaller with each passing day. Lawmakers on both sides ...
House Speaker Mike Johnson said Tuesday that cuts to Social Security and Medicare won't be part of the legislative package being worked out to fund President-elect Donald Trump's agenda. "No, the ...
Social Security is one of the most hotly debated social programs in America. While all seem to acknowledge that it's a vital necessity, how the program is funded and administered — as well as ...
This time the issue was the SSA’s handling of disability benefits, which have been hampered by severe delays, backlogs and customer service problems. Social Security Cuts: 5 Ways Boomers Should ...
Instead, they should come together to try to fix the issues with WEP and GPO as part of a comprehensive package to strengthen Social Security, prevent insolvency and make the program's finances ...