Social Security projected to cut benefits in 2035 barring a fix
Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.
Without a major change, Social Security may be forced to cut benefits in 2035, a year later than previously forecast.
About 7 in 10 retirees stop working before they turned 65. For many of them, it was for reasons beyond their control.
The U.S. is reaching "peak 65," marking the largest retirement wave in American history. But the financial outlook for many is grim.
BlackRock CEO Larry Fink said that longer life expectancies are "putting the U.S. retirement system under immense strain."
The Social Security Administration said it's overhauling how it recovers benefits from people after an outcry over its policies.
Social Security Commissioner Martin O'Malley said the agency must address the "mindless" way it recovers money wrongly sent to beneficiaries.
President Biden and former President Donald Trump are shifting focus to the general election after gaining enough delegates to clinch their parties' nominations. Biden campaign senior spokesperson Kevin Munoz and Trump campaign national press secretary Karoline Leavitt join "America Decides" to discuss what they believe will be key to their victory.
The Federal Trade Commission reveals that con artists swindled consumers out of $10 billion in 2023, with over $126 million lost to Social Security scams alone.
If you're one of the millions of Americans turning 65 this year, here's what should you know about retirement — whether you intend to continue working or not.
Many Americans are approaching retirement age in 2024, with more than 11,000 turning 65 years old every day. Elizabeth O'Brien, a personal finance senior reporter with Barron's, joins CBS News with advice for those considering retirement.
CBS News interviewed economists and policy experts across the ideological spectrum to come up with questions voters should ask to evaluate presidential candidates. Jeff Stein, White House economics reporter for the Washington Post, joins to run through the list.
Some of the nation's 72 million Social Security recipients are getting a payment today — the second check this month.
Some big changes are in store for Social Security in 2024, including a top benefit approaching $5,000 a month, and higher taxes for some.
The nation's 72 million Social Security beneficiaries will get a raise starting in 2024 to keep their benefits aligned with inflation.
A Boston University economist says that people often don't understand the complexity of the system and the pitfalls that await them.
Social Security overpays its recipients by billions of dollars every year—and then asks for the money back. Here are some ways experts say you can reduce the chances of it happening to you.
First, John Eastman on the GA conspiracy case. Then, an investigation into what happens when Social Security mistakenly overpays. And, a look at Hurricane Maria’s impact on Monkey Island.
The Social Security Administration is trying to recoup billions in overpayments, telling retirees and disabled workers to pay up over miscalculated benefits.
Each year, about a million people are told they owe the Social Security Administration money because the agency miscalculated their benefits and paid them too much.
Each year, about a million people are told they owe the Social Security Administration money because the agency miscalculated their benefits and paid them too much.
Social Security overpays its recipients by billions of dollars every year—and then asks for the money back. Here are some ways experts say you can reduce the chances of it happening to you.
The nation's system of Social Security and private savings leaves Americans less secure in retirement than residents of many other nations, a new study finds.
The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. Mark Miller, a contributor to The New York Times, joined CBS News to discuss the adjustment.
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.
According to a new survey from YouGov for Bankrate, 56% of Americans feel they are falling behind on saving up for their post-work lives.
Firearms sold by law enforcement have turned up at crime scenes thousands of times in recent years, a CBS News Investigation found.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
The Houston Mayor's Office confirmed to CBS News that there were at least four weather-related deaths from the storms.
The Justice Department said Thursday morning that the president was asserting executive privilege over the recordings with special counsel Robert Hur.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
Migrant adults released by federal border officials after crossing into the U.S. unlawfully will be eligible to be placed in the program.
The district at the center of the landmark 1954 Brown v. Board of Education ruling, which outlawed racial segregation in schools, is now helmed by its first Black female superintendent.
For weeks, some students and faculty have challenged leaders of the historically Black college to rescind Mr. Biden's invitation over his administration's response to the Israel-Hamas war.
Texas Gov. Greg Abbott issued his pardon after the unanimous recommendation by the state's Board of Pardons and Paroles.
The Houston Mayor's Office confirmed to CBS News that there were at least four weather-related deaths from the storms.
Migrant adults released by federal border officials after crossing into the U.S. unlawfully will be eligible to be placed in the program.
For weeks, some students and faculty have challenged leaders of the historically Black college to rescind Mr. Biden's invitation over his administration's response to the Israel-Hamas war.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
The manufacturer has received multiple reports of fires and injuries since the ranges were originally recalled more than a decade ago.
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
Migrant adults released by federal border officials after crossing into the U.S. unlawfully will be eligible to be placed in the program.
For weeks, some students and faculty have challenged leaders of the historically Black college to rescind Mr. Biden's invitation over his administration's response to the Israel-Hamas war.
Michael Cohen, the key witness in the case against former President Donald Trump, faced questions from defense attorneys taking aim at his credibility.
President Biden marked the 70th anniversary of the Supreme Court decision.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
Experts call for better drug testing procedures as more states legalize marijuana and societal norms change.
Opioid overdose deaths decreased, but there was an increase in overdose deaths from psychostimulants like meth and cocaine.
Nurse practitioners have been viewed as a key to addressing the shortage of primary care physicians. But data suggests that, just like doctors, they are increasingly drawn to better-paying specialties.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
As the Israeli defense chief says his troops shouldn't take over Gaza after the war, mistaken tank fire kills 5 of the IDF's own.
Spanish police said they dismantled a major methamphetamine distribution network of the Mexican Sinaloa cartel after seizing 1.8 tons of the drug.
The trees have been called both "grotesque" and "one of the most charismatic species on our planet" – and now we know where they came from.
Russian media say U.S. Army Staff Sgt. Gordon Black, who has been jailed for two weeks, is cooperating with authorities and has pleaded guilty to theft.
Celebrated makeup artist Daniel Martin is known for his work with Hollywood stars like Michelle Yeoh, Nina Dobrev, Jessica Alba and Meghan Markle.
Preview: The Emmy Award-winning news program's annual "By Design" edition on May 19 features Courteney Cox, a $3 million sports car, a bold new plan by tech billionaires, Martha Stewart and more.
Angie Harmon said she heard a gunshot and rushed outside, where she found her dog had been shot, and saw the delivery person putting a gun into the front of his pants, according to the lawsuit.
Whoopi Goldberg described the book as a way to dispel speculations about her upbringing and to share her story on her own terms.
Brittney and Cherelle Griner shared videos from their baby shower exclusively with "CBS Mornings."
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
Ransomware attack targeted a Nissan virtual private network, the automaker's U.S. subsidiary said.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The Innovation & Disruption Leaders documentary series transforms corporate buzzwords like 'tech' and 'AI' into accessible concepts. Through the power of visual storytelling, we delve into the minds of industry leaders, executives and entrepreneurs alike. Who will decide the destiny of tomorrow's business landscape? By putting business in front of the camera, these incredible films get us one step closer to the answer.
The 12-second execution of the alleged theft took months to plan, federal prosecutors said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Solar storms can dazzle, bringing displays of the northern lights to large parts of the globe. But geomagnetic storms can also affect electronic systems.
Every year, police departments across the U.S. trade in their used firearms when it's time for an upgrade. But a CBS News investigation found thousands of those former police weapons wind up in the hands of criminals. National investigative correspondent Stephen Stock reports.
A joint investigation conducted by CBS News and the nonprofit newsrooms The Trace and Reveal from the Center for Investigative Reporting found that more than 140 law enforcement agencies nationwide sell or trade-in their used weapons when they update their arsenals. Thousands of those former cop guns are later tied to a crime. Stephen Stock reports.
Texas Gov. Greg Abbott issued his pardon after the unanimous recommendation by the state's Board of Pardons and Paroles.
The governors of Pennsylvania, Oklahoma and Virginia wrote a letter Tuesday asking the territory to show mercy to the Americans arrested on the island.
Prosecutors said some of the affected companies were Fortune 500 corporations, including a major TV network, a defense company, and a car maker.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
Every year, police departments across the U.S. trade in their used firearms when it's time for an upgrade. But a CBS News investigation found thousands of those former police weapons wind up in the hands of criminals. National investigative correspondent Stephen Stock reports.
The Supreme Court rejected an effort Thursday to undermine the power of the Consumer Financial Protection Bureau. The agency was created after the 2008 financial crisis to protect consumers from unfair practices. CBS News legal contributor Jessica Levinson joins to unpack the case.
The Dow Jones Industrial Average hit 40,000 points for the first time Thursday. Well-known brands like Goldman Sachs, Microsoft and United Health fueled the latest milestone. CBS News contributor J.D. Durkin joins to discuss what the record mark suggests about the economy.
Michael Cohen, the ex-attorney of former President Donald Trump, was back on the stand for cross-examination Thursday with Trump's defense team sharply questioning his credibility. CBS News campaign reporter and attorney Katrina Kaufman has the details.
After years of coaching patients on how to navigate cancer treatment, nurse Leah Wilson of Charlotte, North Carolina, was suddenly facing her own battle after being diagnosed with non-Hodgkin's lymphoma at age 35. But she kept working, supporting her fellow cancer patients on their journeys while navigating her own.