Social security advocates warn of potential payment disruptions amid increasing odds of U.S. debt default. Social Security Full Payments At Risk With the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted. As negotiations continue over whether to expand the nation’s borrowing limit, Congress and the White House have yet to reach … Continue reading Warning: Social Security Payments at Risk?
Americans face a grim future with Social Security as it will severely lack funds in the next ten years, earlier than anticipated. What’s Going to Happen to Social Security? Lawmakers must act quickly to address Social Security’s financial deficit to prevent a reduction in Americans’ checks. A government report released on Friday indicates that the Social Security retirement fund may exhaust its funds by 2033, … Continue reading Social Security Benefits to Decrease up to 25% in 10 Years!
Hot off the press: The government announced yesterday that Social Security benefits will increase by 8.7% at the start of 2023. The Answer Everyone’s Been Waiting For Many senior citizens have been patiently waiting for the U.S. Bureau of Labor Statistics, BLS, to release the September data to confirm the increase in benefits this January. Yesterday the BLS confirmed an 8.7% increase in benefits starting in … Continue reading Government Officially Announces Social Security Benefits to Increase by 8.7% in 2023!
Recipients of Social Security may receive the biggest cost-of-living adjustment (COLA) in 40 years causing check recipients to receive a nice “raise” next year. The Social Security “Raise” On Tuesday, the Senior Citizens League, a group that lobbies for seniors, released inflation figures for August, noting the diminishing buying power of retired Americans. American’s inflation is at an 8.3% annual rate as of August 2022. … Continue reading Social Security Checks are About to Get Fatter