Social Security's cost-of-living adjustment set at 3.2%
With Social Security's annual cost-of-living adjustment less than half of the 2023 boost, seniors are at risk of losing ground, experts say.
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With Social Security's annual cost-of-living adjustment less than half of the 2023 boost, seniors are at risk of losing ground, experts say.
U.S. lawmakers reached a last-minute deal to avoid a government shutdown Saturday. If one had occurred, however, here's how that could have affected Social Security recipients.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Retirement program's reserves are slated to be depleted in 2033. New analysis says senior poverty could surge as a result.
If an agreement isn't reached to prevent the United States from defaulting on its debt, the country could descend into economic disarray, affecting millions of Americans from investors to Social Security beneficiaries.
"It's hard to overstate how bad it would be," one expert said. Everything from Social Security payments to your retirement fund could get hit.
Millions of Social Security recipients "need to be very careful" about spending because payments could be delayed, one expert said.
President Biden is set to meet with House Speaker Kevin McCarthy and other key legislators on Tuesday.
Ross DiMattei reports.
