Social Security Benefits

Social Security's trust funds are approaching insolvency in less than a decade as worker-to-retiree ratios decline, forcing Congress to consider painful tax hikes or benefit reductions.

Social Security's chief actuary said in a letter that trust fund insolvency moved up due to recent tax changes, potentially triggering benefit cuts for millions in less than a decade.

The Social Security Administration will phase out paper benefit checks by Sept. 30, transitioning beneficiaries to direct deposit and Direct Express debit cards in most cases.

Social Security Commissioner Frank Bisignano defended the Trump administration's changes against Sen. Elizabeth Warren's claims of mismanagement in a new letter.

A survey by AARP revealed Americans' overall confidence in Social Security has dropped to 36%, with only 25% of younger adults saying they had confidence in the program's future.

Social Security's retirement trust fund is facing insolvency by late 2032, potentially triggering a 24% benefit cut for 62 million retirees if Congress doesn't act, an analysis found.

The Social Security Administration announced 24/7 access to the My Social Security online portal starting in mid-July as part of a broader customer service overhaul.

Republicans in Congress passed President Donald Trump's One Big Beautiful Bill Act, which extends a variety of tax cuts for Americans and businesses while creating new provisions.

An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund depletion, potentially triggering benefit cuts in 2032.

The insolvency of Social Security could accelerate due to Trump's immigration crackdown, as unauthorized immigrants are paying $24 billion in taxes without benefits, a new report finds.

The Medicare and Social Security trust funds are lurching toward insolvency. Social Security is projected to cover only 81% of benefits by 2034 and Medicare just 89% by 2033.

A new analysis by The Senior Citizens League found the Social Security COLA for 2026 could be 2.5%, higher than previously projected after inflation ticked higher in May.

The first monthly batch of Social Security benefits are paid later this May than in any other month this year due to a quirk in the 2025 calendar.

The Social Security Administration launched tools that will "identify suspicious activity in telephone claims by analyzing patterns and anomalies within a person’s account."