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The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...
Social Security recipients could get an additional $2,400 a year in benefits if a new bill recently introduced to Congress wins approval — something seniors would no doubt welcome as surging ...
The Social Security Administration has announced of a 2.5% cost-of-living adjustment (COLA) for 2025 -- that's lower than the 3.2% increase in 2024 and 8.7% increase in 2023. The smaller COLA ...
A cut of that size could be catastrophic for the millions of retirees who depend on those monthly benefits today. Among Social Security recipients aged 65 and older, 12% of men and 15% of women ...
Seniors on Social Security have been encouraged to focus on the silver lining associated with a 2.5% COLA -- that it's a sign of cooling inflation. But October's Consumer Price Index tells a ...
The estimated average Social Security retirement benefit in 2022 is $1,658 a month, announced the Social Security Administration. While this is a $93 increase from the year before, benefits only ...
As of 2024, more than 71 million Americans will be collecting Social Security benefits. Of the almost 67 million people who collected benefits in 2023, nearly 9 out of 10 were over the age of 65.
Benefits fall short for seniors. The problem is that Social Security’s annual increases haven’t always been enough, Benton said. For example, while there was a 5.9% COLA bump in 2022 ...