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Social Security to pay only 81% of benefits

CNN on MSN · 13h

Social Security won’t be able to pay full benefits in 2034 if Congress doesn’t act

Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities in 2034 if lawmakers don’t act to address the program’s pending shortfall, according to an annual report released Wednesday by Social Security’s trustees.

CBS News on MSN · 9h

Social Security's insolvency date is now a year earlier. Here's how it could impact your benefits.

Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.

The New York Times · 7h

Social Security’s Finances Erode Further and Could Spell Benefit Cuts

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could lead to payment cuts in eight years.

7m

President Donald Trump Broke His Vow Not to Tax Social Security Benefits -- and Retirees Are Being Given This Concession Instead

Although Donald Trump didn't hold up his end of the bargain by eliminating the taxation of benefits, select retirees are ...

12h

The Social Security crisis is coming sooner than previously projected

The Social Security shortfall date just moved a little bit nearer. New federal projections, released on June 18, show that ...

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