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.
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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.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Recent changes at the Social Security Administration have upset many Americans, with some complaining about long delays and wait times when calling Social Security. The new leader of the SSA sat down with CBS News' Maurice DuBois to talk about his plans to improve service.
Some Social Security beneficiaries will receive an extra payment next month. Here's who will get the extra checks and why.
Social Security benefits are given a cost-of-living adjustment each year. The 2025 COLA increase is the smallest since 2021.
Social Security Administration cited a "hardware issue" after it had to close offices and suspend personalized online services.
New York Rep. Ritchie Torres said his Social Security number was among those included in a massive data breach that involved billions of personal data records being leaked.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
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.
The 8.3 percent hike in the consumer price index is especially bad news for retirees living on fixed incomes.
If you're one of the millions of people who receive Social Security benefits, you're going to see a bigger check soon.
The Social Security Administration has announced the cost-of-living adjustment (COLA) increase for 2021.
A bill crafted by Sens. Charles Schumer of New York and Bob Casey of Pennsylvania will be offered in mid-November, when Congress returns to session following the midterm elections.
Rep. Carolyn Maloney, a Democrat, requested the inquiry in letters sent Monday to the inspectors general at the Justice Department and Social Security Administration.
Declared dead by social security? Believe it or not, that's what happens to thousands of living people each year.
While Sophia stayed at No. 1, Jacob usurped Michael as the top picked baby name for a boy in New York last year.
Next year's raise will be small because consumer prices, as measured by the government, haven't gone up much in the past year.
As of August, the senator says more than 19,000 seniors nationwide have reported identity thefts. That's about 50 each day.
The names Sophia, for girls, and Ethan, for boys ranked number 2 in terms of New York City popularity for 2010.
Imagine if you were declared dead, not once, not twice but three times and lost your only source of income. An elderly Staten Island woman who is very much alive and well is living a red tape nightmare.
With no increase in Social Security, the White House said it's pushing Congress to give seniors, veterans and the disabled a $250 bonus check. Seniors in New York say they desperately need it.
To make up for the lack of a cost of living adjustment, members of Congress are pushing for a one-time payment of $250 for seniors.
It's one of the most striking fallouts from our nation's bad economy: Social Security is facing a rare shortfall this year as a wave of people is opting to collect payments before their full retirement age.
An East Quogue woman is fighting a battle with the government to prove she is among the living.
