Social Security's cost-of-living adjustment could reach nearly 4% in 2027
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
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A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
Social Security's full retirement age is changing next year, affecting when the youngest baby boomers and Gen Xers can collect 100% of their benefits.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment, or COLA increase, for 2026.
There's a 2.8% increase coming for Social Security recipients.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Dual-income couples could see $18,000 less per year if they retire in 2033 compared to retiring now, according to a new report from the committee for a responsible federal budget.
Dual-income couples could see $18,000 less per year if they retire in 2033, compared to retiring now.
A survivor of a shooting in Chicago says she is now on the verge of homelessness as she's been denied financial assistance from city and federal programs.
The U.S. Senate is set to debate the Republican budget bill that includes massive cuts to Medicaid and tax breaks for the rich later this week. It is unclear if the Iran bombings will change those plans.
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.
The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.
The new head of the Social Security Administration said he plans to use technology to keep the agency working as he defended job cuts and field office closures.
Seniors are unlikely to get a break on paying taxes on their Social Security benefits, an issue that impacts more people each year.
More than 72 million Americans get Social Security benefits and will be impacted by upcoming changes, including paying back overpayments. And Trump's new budget does not include tax cuts for Social Security recipients.
While the Trump administration so far has not cut Social Security payments, the program has been a frequent target of criticism by Elon Musk and the Department of Government Efficiency, and the House Republicans are eyeing Medicaid cuts to balance their budget.
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
Illinois Governor JB Pritzker, Lt. Gov. Juliana Stratton and U.S. Rep. Lauren Underwood are in Romeoville Thursday to discuss attacks by the Trump Administration on Social Security.
Illinois Governor JB Pritzker is in Romeoville Thursday to discuss attacks by the Trump Administration on Social Security.
The Social Security Administration said it will restart a policy that had caused financial distress for some beneficiaries.
The Social Security Fairness Act is expected to be signed Monday, according to advocates for police and firefighters.
Donald Trump's plans could undermine Social Security's financial stability and lead to a large benefits cut, nonpartisan think tank says.
Some Social Security beneficiaries will receive an extra payment next month. Here's who will get the extra checks and why.
A quirk of the calendar means millions of Social Security recipients won't receive checks this month.
Organizers for Lollapalooza are helping fund the next generation of headliners.
Edgar Quero hit a two-run homer in the 10th inning and the Chicago White Sox beat the Chicago Cubs 9-8 on Sunday in the rubber game of their first crosstown series this season.
A fire at the vacant old Balmoral Park racetrack in Crete, Illinois, sent smoke billowing over several south Chicago suburbs Sunday morning.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Two people were rushed to the hospital from the scene of a fire in Chicago's South Shore neighborhood early Sunday morning.
In a move aimed at curbing the growing problem of "teen takeovers," D.C. U.S. Attorney Jeanine Pirro is threatening to bring charges against parents if their teens violate the local curfew.
State Rep. Josh Turek and State Sen. Zach Wahls squared off Thursday over which candidate can flip Iowa's open Republican-held Senate seat, as millions in outside spending reshapes the primary's final stretch.
Sens. Tammy Duckworth of Illinois and Tammy Baldwin of Wisconsin say their concern is there may be more emergency exit doors than flight attendants in the event of an evacuation.
Ald. Jim Gardiner (45th) is suing the city of Chicago, its inspector general's office, and the Board of Ethics, accusing them of defamation.
The Supreme Court has maintained mail access to the abortion pill mifepristone, setting aside for now a lower court order that blocked abortion providers from prescribing the widely used drug through telehealth and shipping it to patients.
Chatham residents say they're losing a vital resource as Walgreen's prepares to close its store near 86th and Cottage Grove.
According to AAA, the average price of a gallon of regular gas in Chicago was $5.17 on Friday, up from $3.75 a year ago.
Peoples Gas and North Shore Gas Company customers are likely to see minor credits on their bills for the next three years, thanks to a $125 million settlement agreement announced Thursday by Illinois Attorney General Kwame Raoul.
Chicago gas prices are spiking as the war with Iran drags on, with regular gas nearing $6 in some spots and premium already selling for more than $7 in some places.
In the legal venue of anti-trust enforcement, the state is not taking on the Trump administration, but rather filling a void that state officials say the Trump administration has vacated.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Engineers at Northwestern University have created a wireless polygraph to detect stress.
Chicago Mayor Brandon Johnson on Wednesday announced an expansion to the city's CARE Program, a specialized team that responds to mental health crises without police.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Flight attendants at Chicago-based United Airlines have approved a new labor contract, marking their first pay increases in six years.
The Chicago Fire FC announced Wednesday morning that its new stadium in the South Loop will be named McDonald's Park.
U.S. prosecutors allege a man with multiple aliases used the name of the famed Astor family to scam a Mexican billionaire out of $450 million.
Thousands of people marched from the West Loop to Daley Plaza in downtown Chicago on Friday for May Day, with activists calling for workers' rights, stronger labor protections, and increased school funding.
The Chicago-born house music track, which began as a personal poem in 1982 and became a defining anthem of the city's house music scene, has been selected for permanent preservation by the Library of Congress.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
David Allan Coe also had hits with "You Never Even Called Me By My Name" and "The Ride" among others.
Some youngsters got a behind-the-scenes look at the magic of making opera Sunday at the Lyric Opera of Chicago.
Matt DeCaro, an actor who was a familiar face on the Chicago stage for many years, died this weekend.
Meteorologist Kylee Miller has your 5:30 p.m. First Alert Weather forecast for Sunday, May 17, 2026.
Organizers and local leaders say the event was meant to highlight the contributions of Asian Americans and Pacific Islanders in Chicago.
Meanwhile, a drone attack on a nuclear facility in the United Arab Emirates has America’s Gulf allies on edge. Olivia Rinaldi reports.
Two Navy jets collided in midair, then plummeted to the ground at the air show southwest of Boise.
The Volo Museum in Illinois got a lot of attention for a speeding ticket from New York City for “K.I.T.T.” from “Knight Rider.” Now, the talking car, or at least the actor behind it, is proclaiming its innocence.
A woman appeared in court Sunday on charges that she stabbed her 2-month-old daughter to death in a home on Chicago's Southwest Side.
One person was killed and five others were injured in a multi-vehicle crash on the Eisenhower Expressway in Chicago's western suburbs early Sunday.
A fire at the vacant old Balmoral Park racetrack in Crete, Illinois, sent smoke billowing over several south Chicago suburbs Sunday morning.
Organizers for Lollapalooza are helping fund the next generation of headliners.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Pothole complaints continue everywhere, but especially on one street in the Pullman neighborhood on the South Side of Chicago.
People in Lincoln Park and Lakeview have rallied against a plan to build a new industrial ComEd electrical substation in their neighborhoods, pushing local and state leaders to get involved.
Monday marks one year since Illinois enacted Karina's Law — legislation aimed at taking firearms out of the hands of people accused of domestic abuse.
Tenants at a South Shore apartment building said they've noticed their rent fluctuating by hundreds of dollars a month due to a change in how their utility billing system is set up.
A man from the Chicago suburbs lost $69,000 of his savings to a scam by a thief using an AI-generated U.S. Marshals badge to intimidate him.
Edgar Quero hit a two-run homer in the 10th inning and the Chicago White Sox beat the Chicago Cubs 9-8 on Sunday in the rubber game of their first crosstown series this season.
Murakami added his 17th homer in the fifth, a two-run shot to center off Jameson Taillon that traveled an estimated 428 feet.
Chris Brady had six saves for Chicago and has six shutouts this season.
Carson Kelly hit a tiebreaking single in the seventh inning and drove in four runs as the Chicago Cubs stopped a five-game White Sox winning streak with a 10-5 victory over their crosstown rival.
Randal Grichuk hit a two-run homer and drove in four runs, leading the Chicago White Sox to a 6-2 victory over the Kansas City Royals.
A court hearing was held Sunday for a woman charged with stabbing her 2-month-old daughter to death in a home on Chicago's Southwest Side.
A motorcyclist was found with a gunshot wound on the Eisenhower Expressway on Chicago's West Side Saturday night.
The ages of the victims range from 19 to 55, according to Chicago police.
A Davison Township police chief released body camera video showing how a senior "water wars" prank brought an officer within milliseconds of opening fire on a student.
A man was found shot to death Thursday morning in Chicago's West Garfield Park neighborhood.
