Woman who hid mother's body in freezer charged with Social Security fraud
A Chicago woman who hid her mother's body in her freezer for two years is now facing additional federal charges of Social Security and SNAP fraud.
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A Chicago woman who hid her mother's body in her freezer for two years is now facing additional federal charges of Social Security and SNAP fraud.
The Social Security system is celebrating its 91st anniversary, and it now sends out about $75 million in payments each month. CBS News Business Analyst Jill Schlesinger talks about how the system works, and why it is being depleted.
New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer.
Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, which could lead to higher health care costs for Americans over 65.
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
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.
