Social Security

Why Uncle Sam Seized $713 Million From Social Security Checks Last Year

By Kelli B. Grant, CNBC

If you're counting on Social Security benefits, you better make sure you don't owe Uncle Sam. Under certain circumstances, the government can seize part of your Social Security check to satisfy...
Oregon Just Took the Lead in Getting Americans to Save More for Retirement

By Eric Pianin

Bucking resistance from a Republican Congress and the Trump Administration, Oregon has become the first state to launch a program requiring private employers to either offer their own 401 (k) savings...
Trump’s 2018 Budget: F in Math, A in Provocation

By Edward Morrissey

Donald Trump campaigned on a promise to enact economic policies that would produce annual growth in gross domestic product (GDP) consistently higher than 3 percent. The US economy has not seen that...
The Heartless Tradeoffs in the Trump Budget

By Mark Thoma

As the bombshells continue to drop on the Trump administration, behind the scenes Trump’s first detailed budget proposal is being developed, and it has a few bombshells of its own, particularly for...
How Millions of Aging Baby Boomers Could Bust the Economy

By Eric Pianin

A new report not only highlights growing economic anxiety among an increasingly important and influential cohort of the population, but also suggests that this overarching pessimism and caution could...

How the Government Is Making It Harder for You to Retire

By Eric Pianin

Many Americans have saved shockingly little for their retirements, with one study showing that the median savings for households near retirement age is just $17,000. In the coming years, tens of...
10,000 Boomers Turn 65 Every Day. Can Medicare and Social Security Handle It?

By Eric Pianin

By the time the last of this generation approaches retirement age in 2029, 18 percent of the U.S. will be at least that age, the Pew Research Center projects. The Centers for Medicare and Medicaid...
The Growing Funding Gap for State Pensions Puts Millions at Risk

By Eric Pianin

Two new reports by the Pew Charitable Trusts suggest that state governments across the country are shortchanging their employee pension funds and aren’t adding enough money in emergency funding...
Here’s How Two Lawmakers Plan to Secure Social Security’s Troubled Future

By Eric Pianin

If nothing changes, by the time today’s 50-year old reaches retirement age, Social Security will be paying 21 percent less in benefits than it is today.
Trump Keeps Promise Not to Touch Social Security Reform – Or Did He?

By Edward Morrissey

Give Donald Trump credit for making his political career unique in many ways, to be sure. But one difference, in particular, has become a theme in his presidency: Trump keeps his promises. For the...

Social Security’s COLA and Your Benefits, Explained

By Millie Dent

The Social Security Administration officially announced on Thursday what economists had expected: There will be no hike in Social Security benefits in 2016. It’s the third time in 40 years that the...
Social Security Ruling Drives Up Medicare Costs for Millions

By Eric Pianin

Roughly 65 million American seniors received a jolt to their pocketbooks on Thursday—they will not receive a cost of living adjustment to their 2016 monthly benefits from Social Security. That marks...
Can Sanders Outfox Clinton on Social Security?

By Eric Pianin

Vermont Sen. Bernie Sanders is seeking to upstage his chief rival Hillary Rodham Clinton with his proposal to expand Social Security benefits. Sanders’ plan would extend the life of the program by...
Should Billionaires Get Social Security? Trump Wants the Rich to Opt Out

By Eric Pianin

Donald Trump is calling on his rich friends to forgo their payments from the Social Security system. “I don’t need mine,” Trump, 69, the Republican presidential frontrunner, said at a candidates’...
Why Your Social Security Check Won’t Get Any Bigger Next Year

By Millie Dent

Low gas prices have been a boon for many Americans, but they haven’t meant good news for everyone. The latest example: The millions of Social Security recipients aren’t going to see an increase in...

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