Social Security announces cost-of-living increase for 2027
The 2027 cost-of-living adjustment is the largest since 2023. Here's how it will impact the typical benefit check starting early next year.
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The 2027 cost-of-living adjustment is the largest since 2023. Here's how it will impact the typical benefit check starting early next year.
Millions of seniors are getting $90 direct deposits from Social Security this week, prompting questions about the source of the money.
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
Raising payroll taxes enough to stabilize Social Security could add thousands of dollars in annual costs, according to one analysis.
The agency told a woman that she has 30 days to pay it back. Otherwise, it would cut her benefits by 50% while it collects what it overpaid.
Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.
Faster income growth for top U.S. earners has eroded Social Security's tax base, fueling calls to raise or eliminate the payroll tax cap.
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.
A Southfield man has pleaded guilty to illegally possessing driver's licenses, Social Security cards and equipment to create fake documents.
With Social Security's trust fund sliding toward insolvency, one group wants to cap benefits for the wealthiest U.S. couples.
The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
Millions of Americans lack access to any type of retirement plan, hampering their ability to save for old age.
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 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.
Financial pros recommend waiting as long as possible to claim your Social Security benefits. Most Americans say they're ignoring that advice.
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.
More than three-quarters of Americans fear Social Security won't provide enough to live on when they retire, AARP study finds.
