Social Security retirees could face a 22% benefit cut if Congress does not act before the program’s retirement trust fund runs short of reserves, according to new government projections. The latest Social Security and Medicare Trustees Report estimates that the Old-Age and Survivors Insurance trust fund could exhaust its reserves in late 2032. That is … Read more
Millions of Americans are paying close attention after the latest Social Security trustees report warned that the trust fund supporting retiree and survivor benefits may run short earlier than expected. According to the report, the Old-Age and Survivors Insurance trust fund, known as OASI, could begin depleting by the fourth quarter of 2032 if Congress … Read more
Social Security recipients could see a bigger monthly benefit increase in 2027 if inflation remains elevated through the rest of the year. A new forecast from The Senior Citizens League estimates that the 2027 Social Security cost-of-living adjustment could reach 3.8%. If that prediction becomes reality, it would be higher than the current year’s 2.8% … Read more
Millions of Americans could face smaller Social Security checks within the next six years if Congress does not act to strengthen the program’s finances, according to the latest annual report from Social Security’s trustees. The report warns that Social Security’s retirement trust fund is now expected to run dry in late 2032. That is one … Read more
A new forecast suggests Social Security beneficiaries could receive a larger cost-of-living adjustment in 2027, as inflation continues to put pressure on household budgets across the United States. The Senior Citizens League, a nonpartisan senior advocacy group, has projected that the 2027 Social Security Cost-of-Living Adjustment could reach 3.9%. If confirmed later by official government … Read more
Millions of Americans are receiving their June 2026 Social Security and Supplemental Security Income payments this month, but not everyone gets paid on the same day. The Social Security Administration uses different payment dates depending on the type of benefit, when a person first started receiving benefits, and the beneficiary’s date of birth. While some … Read more
The first round of June Social Security payments is scheduled to be sent this week, following the regular payment calendar used by the Social Security Administration. Millions of Americans rely on these monthly benefits, especially retirees, older adults and people who qualify for Social Security support. For June, the next scheduled payment date is Wednesday, … Read more
Millions of Americans are set to receive their June Social Security payments this week as the Social Security Administration continues its regular monthly benefit schedule. The next round of payments is expected on Wednesday, June 10, 2026. This payment will go to beneficiaries whose birthdays fall between the 1st and 10th of any month. The … Read more
Social Security beneficiaries in Florida could face a major financial shock if the program’s retirement trust fund is depleted by 2032. A new analysis warns that monthly benefits could fall by about $500 for many recipients if Congress does not act in time to strengthen the program. Florida would be one of the hardest-hit states … Read more
Connecticut retirees could face the largest average Social Security benefit cut in the country if Congress does not act before the program’s trust fund reserves run short. According to a projection from the Committee for a Responsible Federal Budget, Social Security recipients in Connecticut could lose an average of $556 per month by 2032. The … Read more