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Some lawmakers have suggested raising the Social Security tax rate. Currently, that tax rate is 12.4% on wages up to a ...
Both programs are expected to need to cut monthly benefits in less than a decade as their trust funds run dry.
On Wednesday, June 25, the U.S.’s Social Security Administration (SSA) is to send out the next round of retirement benefits on this month’s payment schedule. The SSA is also due to issue Social ...
The go-broke date — or the date at which the programs will no longer have enough funds to pay full benefits — was pushed up ...
The cost-of-living adjustment, commonly referred to as COLA, has been a long-standing element of Social Security benefits, ...
Millions of Americans relying on Social Security payments are eagerly awaiting a crucial announcement that will directly ...