Tag: Social Security
Trump’s Social Security tax cuts could hit future generations hard and propel the program’s insolvency by 2032, research warns
Despite presidential proclamations, Social Security’s financial outlook is more troubled than ever.
A new report from the Committee for a Responsible Federal Budget (CRFB)...
Social Security’s ‘go-broke date’ keep creeping up—it’s lost a full year since the last accounting
When President Franklin D. Roosevelt signed the Social Security Act into law 90 years ago this week, he said it would provide economic stability to older...
The Social Security tsunami: Payments could be cut by 23%, doubling the poverty rate for America’s seniors
As millions of Americans rely on Social Security for their monthly income, new reports indicate the program’s finances are at a critical juncture. Here’s...
Social Security number leaked? Chances are, a criminal is already trying to use it
Data breaches that expose the personal information of millions of people can have very real consequences for individuals, most notably: identity theft.
A new study...
The retirement gap: Why Black Americans face an uphill battle in saving for the future
By Megan SaylesAFRO Staff Writermsayles@afro.com
For many Black Americans, the dream of a secure retirement is increasingly out of reach. Despite decades of work, a...
Millions of Americans are making a Social Security mistake that could cost them $100,000 or more in retirement income
Most Americans significantly underestimate the amount they lose by claiming Social Security retirement benefits before age 70, and the 2025 AARP 90th Anniversary Survey...
Scott Bessent admits that Trump just created a ‘back door for privatizing Social Security’
Treasury Secretary Scott Bessent said Wednesday that the Trump administration was committed to protecting Social Security hours after he said in an interview that...
Warren Buffett’s longtime Social Security warning is coming to fruition, with retirees facing an $18,000 annual cut
In just seven years, Social Security will reach a fiscal cliff that could leave millions of American retirees with drastically reduced benefits, according to...
Nearly 1 in 4 Americans over 50 are delaying retirement due to economic concerns, survey finds
Older Americans are kicking the can down the road on retirement over concerns about the economy and their own financial...
What does the new Social Security tax deduction mean for seniors over 65?
President Donald Trump signed his tax cut and spending package, dubbed “one big, beautiful bill,” into law July 4.
The Senate passed the package July 1 with...