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When that happens, seniors will face an automatic 23 percent cut in their Social Security benefits. Medicare will reduce ...
The Social Security Fairness Act has repealed two major provisions — The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) — that will provide financial relief for some.
Both the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) were repealed by the Social Security Fairness Act. This affected Social Security’s costs at a time when the ...
Social Security benefits will be depleted in 2033, according to SSA’s latest trustees report, and retirees will need extra ...
Social Security and Medicare are facing mounting financial challenges, with both programs projected to fall short of paying ...
As President Donald Trump and Congress fumble through his One Big Beautiful Bill on the budget for fiscal year 2025-26, they ...
Social Security has not collected enough revenue to cover its total cost since 2021, and the gap between income and expenses ...
The analysis finds that a 23% cut would require $138,000 in added savings to replace the lost income; a 19% benefit cut would ...
The latest annual report from the Social Security Trustees says the program is running out of reserves faster than expected. Here's what to know.
A significant factor contributing to the challenges faced by Social Security is the ongoing demographic shift, as Baby ...
Social Security’s 90th birthday is this year, Walker notes, and remains the “cornerstone of economic security in the United States” and “the backbone of economic security” in our country. Despite that ...
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