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Social Security has trust funds it can use to keep up with its benefit payments during this time. But the most recent Trustees report has the program's trust funds being emptied by 2035.
The Old Age and Survivors Insurance (OASI) trust fund reserves that cover Social Security benefits -- in part, for roughly 57 million Americans -- is currently on track to be depleted by 2033,...
Proposed Social Security cuts come in many forms — some of which are disguised as no cuts at all but amount to the same thing. That’s the case with proposals to raise the full retirement age ...
Social Security has been much in the news lately, with presidential candidates proposing cuts to the program and some experts warning of massive benefit cuts even if lawmakers stand pat. Social...
President Trump while on the campaign trail proposed eliminating taxes on Social Security benefits. ... Social Security benefits will be cut by 17% in the next decade because the program will lose ...
A group of Republican lawmakers aims to balance the federal budget and slash government spending by targeting programs like Social Security -- and some seniors could see a major reduction in ...
For instance, under the GPO, someone who receives a $900 spousal benefit from Social Security but who also has a $1,000 non-covered pension would see their Social Security benefit cut by $667.
The Social Security Administration reported that among elderly beneficiaries, 12% of men and 15% of women rely on Social Security for 90% or more of their income. Benefit Cuts on the Table