Social Security is facing a financial shortfall that could lead to the program’s inability to pay full benefits to retiring Americans in about a decade. The program operates with two trust funds, one ...
A new proposal would cap annual Social Security cost-of-living adjustments for top earnings beneficiaries, potentially closing 10% of the program’s funding gap.
When you're retired, Social Security changes are definitely something you need to pay attention to. And there are a few ...
In 2025, you'll pay a Social Security tax of 6.2% on the first $176,100 you earn -- up from the previous cap of $168,600 in 2024. Each year, the Social Security Administration (SSA) looks at the ...
If nothing is done to change course, Americans on Social Security may see their monthly benefits drop by 25% in the years ahead. That’s because the Social Security trust fund reserves could become ...
To answer the questions of whether it is possible to save the OASI program by changing the maximum amount of wages subject to the OASI payroll tax and what effect higher taxes would have on the ...
Social Security relies on payroll tax revenue to stay afloat. Some say that eliminating the wage cap will solve the program’s problems. That solution may not be as effective as people think. Are you ...