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 ...
The report includes details on everything from the state of Social Security's trust funds to projected COLAs to the program's ...
Social Security report is not good news, but rather a frightening incentive for politicians to do nothing. That is terrible ...
The Center for Retirement Research at Boston College has released an in-depth response to The 2024 Trustees Report for Social ...
Currently, only wages up to a certain amount ($168,600 in 2024) are subject to the 12.4 percent Social Security payroll tax.
One disappearing option is the chance to invest a portion of trust fund reserves in equities, Munnell says, noting this is an ...
The Social Security Board of Trustees recently released its annual report on the financial status of the health of its trust ...
A small tax increase would make the essential national retirement program secure for decades, our columnist says, but ...
More than 7 in 10 millennials are already concerned that Social Security could run out in their lifetime, a report shows.
The projected depletion dates for Medicare and Social Security have been delayed according to the annual trustees report ...