Why in the world would Republicans put out a plan to dramatically cut Social Security? Even Donald Trump said he wouldn’t mess with the program’s benefits. Yet, the Republican Read more
Tag: socialsecurity
Some Republican senators are talking openly about Social Security cuts
If the Republican-controlled Congress comes for your Social Security benefits in the next few years, don’t say they didn’t warn you. They did. Utah Sen. Mike Lee brings to a Read more
How did COVID-19 impact Social Security claiming compared to the Great Recession?
While the contours of the Great Recession and the COVID Recession differed sharply, older workers continued to retire and claim Social Security. The question that my co-authors, Anqi Chen and Read more
What earnings are used to calculate my Social Security benefit?
I’ve been receiving lots of questions lately about how Social Security benefits are calculated. It’s a great idea to have a full understanding of the factors involved to do the Read more
Opinion: Why won’t Republicans rule out attacking Social Security?
I am trying to disprove the claim that the Republican leadership plan to slash Social Security if they win the midterm elections. And I can’t. Plenty of opinion polls say Read more
This U.S. pension plan faces a bigger crisis than the U.K.’s
Could the U.S. pensions behemoth be hit by the kind of crisis that just swept across the U. K.? Don’t bet on it, says ratings agency Fitch. This kind of Read more
Social Security’s ‘taxable maximum’ inches higher—but will it make a dent in the trust fund?
Social Security’s payroll tax cap was raised nearly 9% for 2023, meaning more income will face Social Security taxes next year, but the rise is unlikely to affect the solvency Read more
Seniors are getting a $140-a-month Social Security raise — here’s why it may not be enough
The 66 million Americans on Social Security are getting a big cost-of-living increase: 8.7%. It goes into effect in December, with the first payment made in January 2023. It’s the biggest hike since Read more
Social Security COLA 2023 benefits are getting an 8.7% bump — here’s what that means for recipients
The cost-of-living adjustment for 2023 will be 8.7%, according to the Social Security Administration — the largest increase for Social Security benefits in more than four decades. Social Security’s COLA Read more
Opinion: Social Security’s COLA is no bonus
The Biden administration wants credit for the huge 2023 hike in Social Security benefits, announced Thursday, as well as the planned cut in Medicare Part B premiums. “For the first Read more