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.
Watch CBS News
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.
A Syrian man charged with stealing nearly $200,000 of in Social Security Supplemental Security Income benefits has pleaded guilty.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
The Social Security Administration is transitioning to electronic payments next week after 85 years of issuing paper checks to U.S. retirees.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
As Social Security celebrates its 90th anniversary, concerns are growing over its funding and recent staffing cuts.
One advocacy group estimates that Social Security recipients will get a 2.7% cost-of-living increase in 2026.
The Social Security Administration had planned to eliminate all paper checks by Sept. 30. Now the agency says it will continue issuing checks as needed.
About 23% of people over 50 want to delay their retirements over financial readiness and economic worries, a survey found.
President Trump pushed to eliminate taxes on Social Security. Does his "one big, beautiful bill" deliver?
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.
The Social Security Administration says it has processed 2.5 million retroactive payments to people previously locked out of retirement benefits.
The comprehensive baby names list in the U.S. is issued annually by the Social Security Administration.
The Social Security Administration said it will now seek to recoup less money from beneficiaries. Advocates say the revised policy is still burdensome.
In recent weeks, Social Security has been plagued by problems related to technology, system errors, and even the marking of living people as dead.
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
The policy could lead to hardship for some elderly Americans, Social Security advocates say. Here's what to know.
The agency said it has so far sent retroactive benefits to more than 1 million people due to the Social Security Fairness Act.
The only problem is that no one seems to know where exactly it is.
The Social Security Fairness Act is adding to the workload of a federal agency already short on staff, it says in urging patience.
BabyCenter has issued its annual report on baby names that are trending downward in popularity.
Some Social Security beneficiaries will receive an extra payment next month. Here's who will get the extra checks and why.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
Trump tells his critics to "sit back and relax" after another exchange of airstrikes tests the shaky U.S.-Iran ceasefire.
Senate Democrats are launching a coordinated effort to kill the Trump administration's $1.7+ billion "anti-weaponization fund."
A 33-year-old man is in custody after a shooting on a freeway in Milan Township on Saturday night, according to the Michigan State Police.
Two police officers were injured in a crash on the north side of Madison Heights, Michigan, officials said on Sunday night.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
The neighbor of the man suspected of crashing his vehicle into the Evans Terminal at Detroit Metro Airport on Friday is speaking out.
Trump tells his critics to "sit back and relax" after another exchange of airstrikes tests the shaky U.S.-Iran ceasefire.
Senate Democrats are launching a coordinated effort to kill the Trump administration's $1.7+ billion "anti-weaponization fund."
Stephen Colbert, former host of "The Late Show," is helping raise money for the Michigan nonprofit Monroe Community Media after appearing on a broadcast of the organization's community access program "Only in Monroe" earlier this month.
American Axle, which is headquartered in Detroit, is a Tier 1 supplier to General Motors. UAW members have launched a strike at its Three Rivers site.
The UAW became known for fighting for higher wages, improved benefits and safer working conditions for workers across the auto industry.
Stellantis unveiled a nearly $70 million five-year strategic plan with the launch of new vehicles — including hybrids and EVs — over the next five years.
From classic cruisers to new memories still being made, the Woodward Dream Cruise remains a celebration of Michigan's automotive culture.
If you are planning a road trip for Memorial Day weekend, remember that the cost of gas this year is noticeably higher than last year.
Stephen Colbert, former host of "The Late Show," is helping raise money for the Michigan nonprofit Monroe Community Media after appearing on a broadcast of the organization's community access program "Only in Monroe" earlier this month.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
Sonny Rollins, the legendary tenor saxophonist known for his bold tone and constant experimentation, has died at 95.
For three days, Detroit is the epicenter of techno music with this Memorial Day weekend tradition, and the music lovers made sure to attend the final day of the Movement Festival on Monday.
The community space, which has been under renovation since October 2025, includes a swing set, play area and seating with umbrellas.
Former Vice President Mike Pence said on Sunday that he hopes the administration will drop its new "anti-weaponization fund" that has sparked pushback on Capitol Hill among Republicans.
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
Freedom 250, the organization behind the event, said Saturday that President Trump will kick off the event on June 24 in an opening ceremony.
The Department of Homeland Security issued a statement Saturday saying recent green card policy changes restated "longstanding law and policy."
Last year, Hegseth called China a "threat" to Taiwan and said an attack might be "imminent."
A Northville dentist is facing 43 felony charges in an alleged Medicaid fraud scheme.
Michigan lawmakers are considering bills to allow doctors to prescribe life-ending medication to terminally ill patients.
The tentative agreement means roughly 300,000 Blue Cross members will continue receiving care at Michigan Medicine facilities as in-network services.
Two Detroit nonprofit organizations have partnered together to fight food insecurity for elementary school students.
St. Clair County health officials have identified the county's first salmonella case linked to a multistate outbreak associated with backyard poultry.
Colson Montgomery homered and Tristan Peters' RBI single put Chicago ahead as the White Sox rallied with two runs in the seventh inning to beat the slumping Detroit Tigers 2-1 on Sunday for their fifth straight win.
Alex Palou won the Detroit Grand Prix on Sunday afternoon after starting in the top position and leading the field through the downtown streets.
Earlier this year, the Detroit Police Department started an initiative aimed at building trust between law enforcement and the community through basketball. On Saturday, the Hoopin' with Cops youth recreational league got to watch their mentors in action.
Chicago White Sox topped the Detroit Tigers 7-1 on Saturday without injured slugger Munetaka Murakami.
Miguel Vargas hit a two-run homer with two outs in the 10th inning to give the Chicago White Sox a 4-3 victory over the Detroit Tigers on Friday night.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
It's the fourth year the Detroit Grand Prix has been on the streets of the Motor City after moving from Belle Isle.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
The City of Monroe will hold a grand opening Monday afternoon for the recently updated Arthur Lesow Community Center. The building had a nearly $10 million renovation to include a bigger library space along with its recreation and meeting areas.
AAA says Michigan's gas prices dropped noticeably this week, although they are still higher than earlier this year.
The Restore the Reuther construction project has entered a particularly tricky stage in terms of ramps and detours. MDOT said thousands of people will notice the traffic impact.
Police in Taylor, Michigan, are looking for a suspect in one of two robberies that officials say happened at the Southland Center on Saturday.
Prices for both new and used vehicles are nearing record highs, according to industry reports.