For many Americans, Social Security is the foundation of retirement. But experts are warning that the program is heading ...

A ‘sovereign wealth fund’ won’t fill the funding gap and may actually make the problem worse.

To give you some context, the average person receives approximately $2,000 in benefits every month. So, a 23% cut would ...

But Social Security payroll and benefit taxes aren't going anywhere. Together, they'd still be able to pay out about 77% of scheduled benefits during the 75-year period ending in 2099. That's the good ...

A new analysis projects steep automatic cuts to Social Security and Medicare starting in 2032, unless lawmakers act to ...

The trust fund for retirement benefits is projected to be depleted in 2033, and drawing on the disability trust fund (which requires congressional approval) buys Social Security only an extra ...

Social Security is funded through a dedicated payroll tax, meaning that employers and employees each pay 6.2% of wages up to the taxable maximum for the given year. For 2025, the maximum is ...

Imagine losing nearly a quarter of your monthly income just as you’re about to retire. That’s the reality millions of Americans could face if Congress doesn’t shore up Social Security before the trust ...

Social Security is facing a funding shortfall, and Gen X is starting to panic. According to the Social Security Administration's 2024 report, the service is expected to dry up by 2033.

Social Security, Medicare Funding Outlook Worsens The combined Social Security trust funds are expected to be depleted by 2034, one year earlier that projected a year ago, according to a new ...