Social Security to make major payroll change

Social Security to make major payroll change

The Social Security Administration (SSA) is proposing a major change to reduce the amount of incorrect payments made to beneficiaries. The SSA has requested that payroll data from employers be exchanged with the government department to reduce the reliance on self reporting from those who can access SSA payment programs such as Social Security Disability … Read more

Social Security cuts worry most Americans

Social Security cuts worry most Americans

The overwhelming majority of people are concerned that Social Security payments will be reduced before they reach retirement age, a poll shows. The poll, conducted exclusively for Newsweek by Redfield & Wilton Strategies on February 10, 2024, surveyed 1,500 people and found that 92 percent of Americans are concerned that their Social Security retirement benefits … Read more

Does Social Security really cover the high cost of living?

Does Social Security really cover the high cost of living?

Social Security payments have increased by 3.2 percent in 2024 courtesy of the yearly cost-of-living adjustment. But many seniors are complaining this is not anywhere close to covering the price hikes they’re experiencing across sectors. Every year, the Social Security Administration updates its Social Security payments to keep in line with inflation through the cost-of-living … Read more

Social Security COLA 2025 update as seniors given grim news

Social Security COLA 2025 update as seniors given grim news

Senior citizens across the U.S. are predicted to see their annual COLA increase drop by almost two percent, according to a forecast from a leading non-partisan advocacy group. Based on the January Consumer Price Index (CPI) report released on Tuesday, The Senior Citizens League (SSL) has predicted the 2025 Cost of Living Adjustment (COLA) to … Read more

Republican lawmaker punished for ‘great replacement’ social media post

Republican lawmaker punished for ‘great replacement’ social media post

Michigan Representative Josh Schriver’s staff was reassigned and he was removed from a House committee as punishment for sharing a social media post that included a racist conspiracy theory, the state’s House speaker announced on Monday. Michigan Representative Josh Schriver had his staff reassigned and was removed from a House of Representatives committee as punishment … Read more

California would be hit hardest by Social Security cuts

California would be hit hardest by Social Security cuts

Some Americans are bracing for the impact of potential Social Security cuts as the retirement benefits program remains in jeopardy. Economists anticipate that by 2033, Social Security will be insolvent if nothing changes. That means the Social Security Administration would not be able to pay full benefits to everyone at their retirement age. Some lawmakers … Read more

February Social Security payments arrive in just two days

February Social Security payments arrive in just two days

Social Security payments are on the way, and they should arrive to seniors in two days. Right in time for Valentine’s Day, the next Social Security payment is scheduled for Feb. 14. However, keep in mind, beneficiaries receive their checks generally based on their birth dates. For this month, everyone whose birthday falls between the … Read more

What economists say about Social Security tax increases

What economists say about Social Security tax increases

Each year brings in a wave of tax changes for everyday Americans, and in 2024, seniors can expect tax increases on Social Security. This comes as benefits climbed 3.2 percent as a result of the cost of living adjustment. According to finance experts, taxes will likely increase in line with inflationary adjustments to all tax … Read more