The program relies primarily on payroll taxes to fund benefits, and that money is then funneled out to current beneficiaries.
On May 6, 2024, Secretary of the Treasury Janet Yellen co-authored a letter alerting Congress that the OASI Trust Fund ...
The figure for projected benefit cuts has also moved significantly, depending on fluctuating economic conditions and other ...
Social Security isn't exactly broke. It has a multi-trillion-dollar trust fund balance, so don't believe it when you hear ...
Currently, only wages up to a certain amount ($168,600 in 2024) are subject to the 12.4 percent Social Security payroll tax.
The Center for Retirement Research at Boston College has released an in-depth response to The 2024 Trustees Report for Social ...
One disappearing option is the chance to invest a portion of trust fund reserves in equities, Munnell says, noting this is an ...
Social Security report is not good news, but rather a frightening incentive for politicians to do nothing. That is terrible ...
The recently released Social Security Trust Fund report on the financial outlook for the program is a frightening incentive ...
The projected depletion dates for Medicare and Social Security have been delayed according to the annual trustees report ...
The Social Security Board of Trustees recently released its annual report on the financial status of the health of its trust ...
Not enough Americans have savings that would adequately compliment Social Security benefits, and they would not be enough to cover expenses.