Social Security recipients could face automatic benefit cuts within the next several years if lawmakers fail to address the program’s growing funding gap. The latest trustees’ projections show the retirement trust fund could be depleted by late 2032. That does not mean Social Security would disappear, but it does mean the program would no longer … Read more
Social Security is one of the most important income sources for many retired Americans, which makes the decision about when to claim benefits especially important. Workers can begin claiming retirement benefits at age 62, but doing so usually means accepting a permanently reduced monthly payment. Waiting longer can increase the benefit, especially for those who … Read more
Millions of Social Security beneficiaries in the United States are set to receive their next monthly payment on Wednesday, June 24, as the Social Security Administration completes its regular June 2026 payment schedule. This payment applies to beneficiaries whose birthdays fall between the 21st and 31st of any month. The date is part of the … Read more
More than 2 million retirees in Illinois could face a major reduction in monthly Social Security payments if Congress does not act before the program reaches a funding cliff. New projections from the Committee for a Responsible Federal Budget warn that Social Security’s trust funds could run short as soon as 2032. Federal data has … Read more
A new Social Security proposal would limit annual benefits for some high-income retired couples as lawmakers and policy experts look for ways to strengthen the program’s finances. Under the plan, couples receiving more than $100,000 a year in combined Social Security benefits would see their payments capped. Supporters say the change could save billions of dollars while … Read more
A major Social Security funding deadline is approaching, raising fresh concerns for retirees, workers and families who expect the program to support them in the future. Social Security is not expected to disappear or stop receiving money. Workers and employers will continue contributing through payroll taxes. However, the program’s retirement trust fund is projected to … Read more
Millions of Americans receiving federal benefits should review the July 2026 payment calendar carefully, as some Supplemental Security Income recipients will receive two deposits during July but no separate payment in August. The unusual arrangement does not provide extra money. Instead, the second July deposit represents the regular August SSI benefit arriving early because August … Read more
Millions of retirees depend on Social Security to cover essential expenses. That is why October 14, 2026, could become one of the most important financial dates of the year for beneficiaries waiting to learn how much their monthly payments may increase in 2027. The Bureau of Labor Statistics is scheduled to release September’s inflation report … Read more
Millions of Social Security beneficiaries are preparing for the next payment date on Wednesday, June 17, 2026. The Social Security Administration uses a staggered schedule for most retirement, disability and survivor benefits, with payment dates generally determined by the beneficiary’s birthday. The June 17 payment applies to one group of recipients, while others were paid … Read more
A key Social Security trust fund used to pay retirement benefits may be depleted in late 2032, according to the latest annual trustees report from the Social Security Administration. The new projection moves the deadline about three months earlier than last year’s estimate. If the Old-Age and Survivors Insurance trust fund runs out as projected, … Read more