Social Security could run dry earlier than expected, analysis finds
The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
Watch CBS News
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.
Lawsuit claims hackers accessed "billions" of records, including Social Security numbers, by breaching background check company.
The journey to his doctorate is coming to an end, and now, an unexpected hurdle could mean a forced exit from the United States.
Cell phone video shows Monday's takeover as it turned destructive, with teens filling the streets and running on top of cars.
Experts said some of the most severe damage may not be visible to the naked eye.
Cubs starter Jameson Taillon gave up two hits over 4 2/3 innings in his season debut.
Munetaka Murakami singled to drive in Edgar Quero, and Andrew Benintendi hit a line drive to right field to bring Acuña home and give the White Sox a 2-0 lead in the second.
A federal judge has temporarily blocked the Trump administration's construction of a 90,000-square-foot ballroom to replace the White House's East Wing,
The Supreme Court ruled in favor of a Colorado counselor who challenged a law banning conversion therapy for minors, ruling that lower courts failed to apply "sufficiently rigorous First Amendment scrutiny."
Lawyers for the man charged with killing Charlie Kirk are citing a federal agency's report in questioning the link between a bullet from his autopsy and a rifle found near the scene.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Organizers estimated that at least 8 million people took part in more than 3,300 "No Kings" events worldwide.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
Chicago Bulls legend Scottie Pippen threw some shade at former teammate Michael Jordan in a new pop commercial.
The City Council in Aurora, Illinois, is likely to lay down the hammer on data centers.
A Las Vegas performer has sued Taylor Swift over the title of her hit album "The Life of a Showgirl," alleging it violates the performer's trademark.
Chicago-native John Mulaney announced a new stop at the Wisconsin State Fair this summer.
Following a ribbon-cutting attended by Chicago Mayor Brandon Johnson on Saturday, people were let inside the new space, at 5035 N. Broadway right off Argyle Street, for a special open house.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
The ten puppies, made up of five males and five females, are already showing off their unique markings and energetic personalities under the watch of their parents.
From smoothies to toast and other unexpected recipes, cottage cheese has become a star ingredient in recipes all over social media.
A native of Brazil, Barbosa came to the city in 2022 to get his clinical doctorate in psychology at Roosevelt University. Now, an unexpected hurdle could mean a forced exit from the United States.
A native of Brazil, Barbosa came to the city in 2022 to get his clinical doctorate in psychology at Roosevelt University. Now, an unexpected hurdle could mean a forced exit from the United States.
Wednesday’s highs return to the 40s, below average with showers remaining in the forecast. Meteorologist David Yeomans has the latest.
Fallen Chicago firefighter/EMT Michael Altman was laid to rest Tuesday. The service was small and private, unlike the original plan.
Preliminary information indicated that the victim, a 55-year-old man, was attempting to load a large metal spool onto a flatbed truck using an overhead crane when it gave way.
A proposal by the Francis W. Parker School to acquire more neighboring condos is once again up for discussion at Tuesday evening's community meeting in Lincoln Park.
The journey to his doctorate is coming to an end, and now, an unexpected hurdle could mean a forced exit from the United States.
Cell phone video shows Monday's takeover as it turned destructive, with teens filling the streets and running on top of cars.
Johnson said the position was temporary, but when the chief homelessness officer was first appointed, she told CBS News Chicago that her role was funded for three years, not two.
A former stand-out college football star with a criminal history has been convicted of sexually abusing foster children who were in the care of a Chicago facility at the center of a massive investigation.
Two more women have filed lawsuits against Massage Envy, accusing the company of failing to protect them against sexual assaults by two of their therapists.
Homeowners in Berwyn said they are constantly having to pump out sewage to keep it from flooding their basements.
CBS News Chicago learned that she was hired at the school in Mundelein in 2023, which was after DCFS found credible evidence that Servant had injured her children as a form of discipline.
Cubs starter Jameson Taillon gave up two hits over 4 2/3 innings in his season debut.
Munetaka Murakami singled to drive in Edgar Quero, and Andrew Benintendi hit a line drive to right field to bring Acuña home and give the White Sox a 2-0 lead in the second.
For the first time ever, Wrigley Field will host two matches for Big Ten women's volleyball later this year.
Tiger Woods was arrested last week in Florida and charged with driving under the influence after a vehicle crash.
Vargas' slam in the fourth gave the White Sox an 8-0 cushion.
The U.S. Postal Inspection Service announced Tuesday that it was offering a reward of $100,000 for information leading to the arrest of each of three accomplices in numerous mail thefts in Chicago.
A St. Charles, Illinois, man was being held on multiple felony counts Tuesday on allegations that he took upskirt videos of 33 women and two minor girls.
Charges were pending Tuesday morning against a man accused of shooting and killing a man and woman in Chicago's East Garfield Park neighborhood.
A shooting investigation led to the brief overnight closure of the outbound lanes of the Eisenhower Expressway on Chicago's West Side early Tuesday.
Lawyers for the man charged with killing Charlie Kirk are citing a federal agency's report in questioning the link between a bullet from his autopsy and a rifle found near the scene.
