Both programs are expected to need to cut monthly benefits in less than a decade as their trust funds run dry.

President Donald Trump’s administration is apparently sending the data to the Department of Homeland Security, which also ...

The official trustees now estimate the need for a 23% cut in benefits, plus 11% to Medicare, in eight years.

In the past, Social Security collections that weren’t sent out to retirees were predictably spent by politicians who exist to ...

Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll ...

TikTok gets another 90-day extension from President Trump to find an American buyer, despite the federal law requiring the ...

The post We're 8 Years Away From an Automatic 23 Percent Cut in Social Security Payouts appeared first on Reason.com.

Social Security benefits could drop 19% by 2034 without reform. Lawmakers must act to protect future retirement income.

The president has signed an executive order to keep TikTok running in the U.S. for another 90 days to give his administration ...

A review from Social Security trustees has given the program until 2034 until it runs out of money, which is one year earlier ...

The trust funds that the Social Security Administration relies on to pay millions of U.S. retiree benefits could be depleted ...

Ida Mae Fuller got the first Social Security check in 1940. Now, 85 years later, the last beneficiaries to receive paper ...