Social Security

Sen. Elizabeth Warren (D-Mass.) has raised alarm over the growing strain on older Americans trying to access their Social Security benefits. Her remarks come amid a wave of policy changes and office downsizing at the Social Security Administration (SSA), driven by the Department of Government...

The U.S. Education Department has halted plans to seize Social Security checks from the roughly 452,000 older Americans who have fallen behind on federal student loans, a policy reversal that offers immediate relief to retirees living on fixed incomes. What Happened: The about-face comes less than...

The U.S. Department of Education has put a halt to its plans of reducing Social Security benefits for individuals who have been unable to pay their student loans, as per a department spokesperson. What Happened: The U.S. Department of Education has put a hold on its plan to...

Six in ten working-age Americans fear Social Security will vanish before they retire, a new DepositAccounts survey finds, underscoring a widening confidence gap as the program's main trust fund edges toward depletion in 2033. What Happened: The poll of 1,047 non-retirees shows 59% doubt the program...

Retirees who have defaulted on their student loans may see a reduction in their Social Security checks from June. This is a result of the U.S. Department of Education’s decision to recommence involuntary collections on defaulted student loans, including garnishing wages, intercepting tax...

More than 40% of seniors around the country currently rely solely on their monthly Social Security benefits to get by. A new analysis shows which U.S. states have the highest share of seniors depending on Social Security, as well as the average monthly check they receive. With major cuts to Social...

For the first time in the 90-year history of Social Security, the average monthly benefit for retired workers is projected to go beyond $2,000 next month. Despite the historic nature of this milestone, it is more an indication of inflation than financial security for beneficiaries. What Happened:...

Newly installed Social Security Commissioner Frank Bisignano told more than 500 field-office managers this week that he was not “looking for a job” and had to "Google” Social Security before accepting the post offered to him by the Trump administration. What Happened: According to...

America's full retirement age (FRA) for claiming 100 percent of Social Security rises to 67 in 2025, capping a four-decade phase-in that permanently trims checks for anyone filing earlier and rewards those who delay until 70. Workers who understand the new timetable and the penalties for jumping...

Recent ethics filings indicate that Frank Bisignano, confirmed as head of the Social Security Administration (SSA), has been granted a major tax deferral on hundreds of millions in stock holdings. What Happened: Bisignano, ex-CEO of Fiserv and among Wall Street's most highly paid executives, is...

Sen. Elizabeth Warren (D-Mass.) accused Elon Musk, Vice President JD Vance and President Donald Trump of "lying about Social Security fraud" and pointing to internal Social Security Administration files that found "no significant fraud" in a recent X post. What Happened: "This is a HUGE scandal....

Business professor Scott Galloway's viral call to deny Social Security checks to the wealthiest retirees — "a $1.2 trillion transfer from young people … to the wealthiest generation in history," he says — has reignited a decades-old debate over "means testing." What Galloway Proposes On his "Prof G...

Elon Musk‘s previous comments on immigrants and entitlement programs were fact-checked by experts while also drawing a comprehensive response from an economics professor. What Happened: Musk, during an interview in March with Fox Business Network, made contentious remarks suggesting that...

House Republicans are warning newly confirmed Social Security Administration Commissioner Frank Bisignano against further staffing reductions that could worsen already deteriorating customer service at the agency. What Happened: Fifteen House Republicans sent a letter to Bisignano shortly after his...

The Social Security Administration (SSA) has announced plans to introduce a digital version of the Social Security card this summer, enabling Americans to access their Social Security numbers securely online. What Happened: The new feature can be availed through the My Social Security website. It...