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.
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.
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.
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.
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 move by the Social Security Administration essentially cancels an immigrant's Social Security number and classifies them as dead.
The Social Security Fairness Act is adding to the workload of a federal agency already short on staff, it says in urging patience.
A 54-year-old woman has been charged with fraud for impersonating her mother and collecting hundreds of thousands of dollars in Social Security benefits for more than 25 years.
Some Social Security beneficiaries will receive an extra payment next month. Here's who will get the extra checks and why.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
House Republicans who may regain majority in midterm elections say "miracle" of longer lives necessitates raising retirement age.
People can now change their sex marker on their Social Security number record without sex designation documentation.
The White House messaging on Social Security highlights how older people will save hundreds of dollars next year thanks to the 8.7% Social Security increase, a roughly $5 monthly decrease in Medicare premiums and a new law that that will cut some prescription drug prices for Medicare recipients.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
Each year, seniors and others on Social Security receive a cost-of-living adjustment. Next year, they'll see an 8.7% hike.
