Social Security

The Social Security Administration is again changing course on how aggressively it claws back money it mistakenly paid to beneficiaries, cutting the repayment rate to 50% of a monthly check, down from the full 100% it began seizing in March. What Happened: The shift, disclosed in an April 25 "...

The Trump administration has asked the Supreme Court to allow the Department of Government Efficiency (DOGE) to access sensitive Social Security data, furthering a legal battle over data privacy and executive authority. What Happened: The emergency appeal comes after a divided federal court ruling...

Americans spooked by headlines about Social Security's shaky finances are racing to file claims at 62, even though experts say the math still favors patience. What To Know: The program's trustees warn that the retirement trust fund could run dry by 2033, after which only 79 percent of scheduled...

Kevin O’Leary, a prominent entrepreneur and investor from ABC’s Shark Tank, recently shared his perspective on Social Security and retirement planning. What Happened: O’Leary underscored that Social Security was never meant to be the only income source for retirees. He pointed...

Concerns about the future of Social Security are prompting more Americans to claim Social Security benefits earlier than planned, even at the risk of collecting smaller monthly checks. Triggered by government cuts to welfare programs and administrative turmoil, retirement decisions are being...

President Donald Trump‘s immigration policies could worsen Social Security’s existing funding shortfall by approximately 11%, according to a new report from the Center on Budget and Policy Priorities. What Happened: The Social Security program, already projected to have funds to pay...

The Social Security Administration (SSA) has announced the reinstatement of “National Social Security Month”, signaling a new approach to public outreach under the current Donald Trump administration. The campaign, halted during the pandemic and shelved during the Biden years, is a...

Some retirees could miss their May benefit checks, former Social Security Commissioner Martin O'Malley cautioned Monday, blaming deep staffing cuts and repeated computer outages for what he called a looming "interruption of benefits." What Happened: Speaking at a packed town hall hosted by U.S....

Low‑income seniors and disabled Americans who rely on Supplemental Security Income (SSI) will see two government deposits in May — one on Wednesday, May 1, and a second on Thursday, May 30. What To Know: The back‑to‑back checks are not a windfall. The early payment simply replaces June's...

National Economic Council (NEC) Director Kevin Hassett anticipates the GOP tax bill will be approved by Congress by the start of summer. What Happened: Hassett informed journalists at the White House of his expectations for the tax bill. He stated, “The hope is that the tax bill will be...

The U.S. Education Department said it will restart collections on May 5, reviving tactics like intercepting tax refunds and Social Security checks to recover past‑due federal loans. What Happened: According to an official press release, roughly 5 million people are at least 270 days...

Money‑management guru Dave Ramsey is urging Americans to treat Social Security as a bonus, not a backbone, warning that the program's cash crunch could slice benefits within a decade. What Happened: "Don't count on it. Or don't count on all of it," a Ramsey Solutions blog post says, bluntly...

Former President Joe Biden delivered a speech in Chicago on Tuesday, criticizing the Trump administration for its approach to Social Security without naming his successor, Donald Trump. What Happened: Speaking to about 200 attendees at the Advocates, Counselors, and Representatives for the Disabled...

On April 16, the Social Security Administration will send out payments to U.S. retirees in Group 3. Payments are distributed on four different dates throughout the month, based on the beneficiary’s year of retirement and birthdate. Eligibility and Payment Dates Explained: Social Security...

Despite aggressive cost-cutting by the Department of Government Efficiency, federal spending has reportedly climbed by $154 billion since President Donald Trump returned to office, What Happened: Government spending is significantly higher under Trump's second term compared to the same period in...