Social Security reform

Will Donald Trump’s Plans Accelerate Social Security Challenges? Here’s What You Need to Know

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Social Security

Social Security, a vital lifeline for millions of Americans, faces potential insolvency as early as FY 2034, according to the Congressional Budget Office (CBO). Without intervention, beneficiaries could endure a 23% cut in benefits, jeopardizing the financial security of retirees. Resolving this crisis demands difficult choices, such as reducing benefits by 24% across the board … Read more

Social Security Benefits 2025 – Millions of Americans Set for a Major Increase

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Donald Trump

Social Security continues to be a lifeline for millions of Americans, particularly retirees. The 2025 cost-of-living adjustment (COLA) raised the average monthly benefit by $49, increasing payments from $1,927 to $1,976. While this is helpful, many beneficiaries, especially those with limited personal savings, feel the increase falls short of covering rising expenses. To address broader … Read more

Thousands of Americans Push for Changes to Social Security – Know the Proposal That Could Impact Your Benefits

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Donald Trump

The Social Security Fairness Act has gained significant momentum, passing the House of Representatives with bipartisan support and backed by over 60,000 signatures on a petition urging Congress to act. However, the bill’s success hinges on Senate approval. Let’s look into the proposed changes and their potential impact. Social Security Fairness Act The Act seeks … Read more

Farewell to 401(k) Plans: Save More for Social Security Benefits

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Budget, finance and nationalism concept - close up of american flag and dollar cash money on wood.

Saving for retirement is crucial to ensure financial security in the later years of life. However, many Americans are entering retirement unprepared, relying solely on Social Security. This dependence is alarming, given that Social Security faces potential depletion by 2035. To address this issue, experts Alicia Munnell and Andrew Biggs have proposed a controversial plan: … Read more