On May 6, 2024, Secretary of the Treasury Janet Yellen co-authored a letter alerting Congress that the OASI Trust Fund ...
The program relies primarily on payroll taxes to fund benefits, and that money is then funneled out to current beneficiaries.
Social Security needs a major overhaul to ensure it lasts, and every day that's put off, it grows more costly for Americans.
First, previous estimates had Social Security's trust funds running dry in 2034. This year's report pushes that depletion ...
This year's Trustees Report also indicates that once Social Security's trust funds are depleted, the program should be in a ...
The figure for projected benefit cuts has also moved significantly, depending on fluctuating economic conditions and other ...
Every year, the Social Security Board of Trustees releases a report detailing the current status of the program and its ...
Social Security's COLA isn't keeping pace with inflation. But with the trust fund already in danger of running out of money ...
The Center for Retirement Research at Boston College has released an in-depth response to The 2024 Trustees Report for Social ...
A small tax increase would make the essential national retirement program secure for decades, our columnist says, but ...
One disappearing option is the chance to invest a portion of trust fund reserves in equities, Munnell says, noting this is an ...
Social Security recipients are set to receive an extra $60 a month next year to help with the soaring cost of living , new ...