Social Security checks could be cut by $500 a month in 2032, report finds
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.
Watch CBS News
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.
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.
This September, the federal government will stop mailing out paper checks. More than half-a-million recipients will need to choose another way to receive their social security benefits, either by direct deposit or through a pre-paid debit card.
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.
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 trust fund is slated to be depleted partly due to the wave of baby boomer retirements and an aging U.S. population.
Spike in early Social Security claims this year points to growing concerns about the health of the Social Security system, experts say.
In recent weeks, Social Security has been plagued by problems related to technology, system errors, and even the marking of living people as dead.
Jim interviews Congresswoman Debbie Wasserman Schultz about social security concerns that exist due to moves the Trump administration and Elon Musk are making that could threaten benefits.
Jim interviews Congresswoman Debbie Wasserman Schultz about social security concerns that exist due to moves the Trump administration and Elon Musk are making that could threaten benefits.
South Floridians face long waits for Social Security help as staffing cuts strain local offices and services.
The City of Miami and Farm Share are seeing a growing demand for food assistance.
Miami-Dade County plans to ask commissioners to consider a plan that would allow the county to clean more Sargassum hot spots without seeking new approvals.
A lawyer says influencer brothers Andrew and Tristan Tate will fight extradition to the United Kingdom.
Sopharmony Muon went home from the hospital over the weekend.
The city said the area was immediately secured.
The Broward Sheriff's Office said Mauro Lopez, 27, stayed at the scene and was detained.
Miami-Dade County plans to ask commissioners to consider a plan that would allow the county to clean more Sargassum hot spots without seeking new approvals.
For this year, lawmakers moved the discount dates to July 20 through Aug. 20.
A lawyer says influencer brothers Andrew and Tristan Tate will fight extradition to the United Kingdom.
Sopharmony Muon went home from the hospital over the weekend.
The city said the area was immediately secured.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
HSI is an arm of ICE, meaning the immigration enforcement agency would effectively be investigating incidents involving its own agents.
This is the first time in more than 150 years that a vice president's family had a child while in office.
Sen. Mark Warner said he'll vote against Jay Clayton as director of national intelligence, citing disappointment in his testimony at a confirmation hearing last week despite his previous optimism about the nominee.
The sordid life of Fabian Basabe is one CBS Miami first began covering on this show three years ago.
Larkin spoke this week to CBS News Miami's Jim DeFede.
The sordid life of Fabian Basabe is one CBS Miami first began covering on this show three years ago.
Larkin spoke this week to CBS News Miami's Jim DeFede.
Dotie Joseph said after talking with neighbors and looking at the field, she thinks she has plenty of experience to assume the governorship.
Perhaps the most controversial cut DeSantis made was the $15 million that would have gone to fund security efforts at Catholic schools in Miami-Dade County.
The likely Republican candidate for governor, Congressman Byron Donalds, said he would vote for it, but as he told CBS Miami's Jim DeFede, if it does fail, they will tackle the issue again next year.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
A recall has been issued for frozen blueberries sold at Publix stores in Georgia, Florida and other Southern states after 12 people became sick, the FDA says.
A new Florida law requires drug prescribers to complete sickle cell training, aiming to improve care and address stigma faced by patients.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
A lawyer says influencer brothers Andrew and Tristan Tate will fight extradition to the United Kingdom.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
A total of 22,141 fans wore the caps in London's Hyde Park on Friday ahead of his set at the British Summer Time festival.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.