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Social Security: Why your check may be a bit smaller in July
Social Security payments go out this month on a normal schedule. However, if you happened to have been overpaid by the Social Security Administration (SSA), your check may soon be a bit smaller. That's because the SSA is expected in late July to begin withholding 50% of benefits for those who have been overpaid but have yet to begin repayments.
August’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in 29 days.
Today, Social Security’s trust funds have a combined reserve of $2.7 trillion, and spending has exceeded revenue since 2021.
It's hard to plan when you're not sure what's happening next. How President Donald Trump's changes to Social Security are ...
After months of job cuts, leadership turnover and other turmoil at the Social Security Administration, the agency’s newly ...
The solutions are clear to keeping retirement funds solvent. But don’t expect action from our leaders.
WASHINGTON (AP) — The Social Security Administration is preparing to lay off at least 7,000 people from its workforce of 60,000, according to a person familiar with the agency’s plans who is ...
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The Trump administration has violated federal privacy laws when it turned over Medicaid data on millions of enrollees to ...
In 2024, Social Security benefits saw a 3.2% COLA, following an 8.7% COLA in 2023— the highest since 1981. The COLA for 2022 was 5.9%, according to the Social Security Administration.
In 2024, the Social Security Administration estimates that an average of nearly 68 million Americans per month will receive a benefit. Those beneficiaries aren't just retired workers, either.
WASHINGTON (AP) — The Social Security Administration is preparing to lay off at least 7,000 people from its workforce of 60,000, according to a person familiar with the agency’s plans who is ...
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