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News
If Social Security Benefits Are Slashed, These 10 States Will Get Hit the Worst
1+ hour, 13+ min ago (318+ words) Social Security beneficiaries face a possible 22% benefit cut in just six years, if the estimates in the latest Trustees' Report prove accurate. There are few seniors who wouldn't be devastated by a blow like this, but some would get hit…...
Social Security's 3.6% COLA Forecast for 2027 Brings Mixed Signals for Retirees
2+ day, 20+ hour ago (465+ words) Inflation, though a natural part of the economy, affects everyone differently, but it can disproportionately affect Social Security recipients because their benefits are fixed for the year. That's why Social Security has an annual cost-of-living adjustment (COLA). The annual COLA…...
Social Security Faces Steep Benefit Cuts for Couples Without Reform
2+ day, 23+ hour ago (347+ words) Many people rely on Social Security for a good portion of their retirement income. Unfortunately, seniors could soon face cuts to a crucial source of funds. The Social Security OASI trust fund is expected to be depleted as soon as…...
Is a 4% Social Security COLA Off the Table for 2027? Here's the Truth.
3+ day, 1+ hour ago (402+ words) Social Security's annual cost-of-living adjustments (COLAs) are extremely important to retirees. Those COLAs allow benefits to increase in line with inflation, which is crucial considering that many retirees collect Social Security for decades. This year, Social Security benefits received a…...
In Your 40s? What You Need to Know About Social Security Benefit Cuts.
3+ day, 13+ hour ago (434+ words) If you're in your 40s, Social Security may be something you don't think about too often. In reality, though, those benefits could end up playing a big role in your retirement income. And that makes the program's current financial woes a…...
If You're on Social Security, Mark This Key Date on Your Calendar
4+ day, 1+ hour ago (442+ words) Earlier this year, Social Security benefits got a 2.8% cost-of-living adjustment (COLA). Current estimates are calling for a larger increase in 2027. But at this point, you may be tired of guessing how much your monthly checks will increase. The good news…...
3 Social Security Changes Beyond Your Monthly Check to Expect in 2027
4+ day, 16+ hour ago (329+ words) Each year, the Social Security change that gets the most attention is the cost-of-living adjustment (COLA). The COLA directly affects the monthly check that Social Security retirees receive. If the Consumer Price Index for Urban Wage Earners and Clerical Workers…...
Social Security???s 2027 COLA Forecast Just Got Smaller. But There Is Good News for Retirees.
6+ day, 24+ min ago (542+ words) Each October, the Social Security Administration announces the cost-of-living adjustment (COLA) for the subsequent year. COLAs are designed to ensure benefit payments increase in lockstep with inflation, thereby preserving the purchasing power of Social Security. The Senior Citizens League (TSCL)…...
A Key Clue About Social Security's 2027 COLA Should Be Revealed This Week
6+ day, 2+ hour ago (420+ words) There are many older Americans today who are struggling to get by on their Social Security benefits. Granted, those benefits were never meant to sustain retirees without additional income. But the reality is that plenty of people struggle to save…...
Social Security's Trump Bump-Led 2027 COLA Should Have Its First Silver Lining Since 2023, but There's a Steep Price to Pay for This Victory
6+ day, 20+ hour ago (871+ words) For the nearly 55 million retired workers who took home a Social Security benefit in July, there are few, if any, announcements more anticipated than the annual cost-of-living adjustment (COLA) reveal in October. A quarter-century of Gallup surveys shows that 80% to…...