Elon Musk, the billionaire entrepreneur known for his leadership of Tesla and X (formerly Twitter), has recently waded into the political waters, drawing attention to the United States’ Social Security system. Musk’s new role as co-leader of the Department of Government Efficiency (DOGE) is making waves, as he discusses how to improve government spending and...
In just 19 days, eligible recipients will receive their Supplemental Security Income (SSI) check for January, with individual payments worth up to $943. The Social Security Administration (SSA) has confirmed that these payments will be issued on December 31, just before the new year begins. This update brings important news for those relying on these...
In 2025, big changes are set to take place in the United States Social Security program, and these changes could impact millions of retirees, workers, and their families. As the government works to strengthen and modernize the program, several important updates are expected to go into effect that will shape the future of Social Security....
As we move into 2025, Social Security is about to celebrate a major milestone—90 years of service to Americans. Over the decades, Social Security has played an essential role in helping retirees and people with disabilities stay financially secure. But the program is always changing, and new adjustments happen every year. In 2025, five big...
Social Security in the United States is set to experience some significant changes starting in 2025. These changes aim to improve the program’s efficiency and ensure that it continues to provide financial support to millions of Americans, particularly seniors. In response to growing concerns about Social Security’s sustainability, lawmakers have introduced several key reforms that...
As December approaches, millions of Americans who receive Supplemental Security Income (SSI) are looking forward to some important changes in their payments. These extra payments are a much-needed financial boost for seniors, people with disabilities, and other qualifying individuals. The end of the year brings many financial opportunities, but it’s important to understand exactly when...
The conversation about raising the retirement age in the U.S. has been a heated topic in 2024. With the Social Security Administration (SSA) predicting its funds could run dry by 2035, many lawmakers are looking for solutions to keep the program afloat. One of the most talked-about proposals is raising the minimum retirement age. Proponents...
The Social Security Fairness Act is at risk of failing if the Senate doesn’t vote on it soon. This bill, aimed at helping public sector workers like teachers, firefighters, and police officers, was passed by the U.S. House in November but hasn’t been voted on by the Senate. If it doesn’t pass by year-end, it...
We’re just weeks away from the new Social Security cost-of-living adjustment (COLA) for 2025 coming into effect. Starting in January, millions of Social Security beneficiaries will see a 2.5% increase in their monthly payments. Though lower than the COLA for the past two years, this adjustment aims to help beneficiaries keep up with rising costs....
A new court decision that permits the Biden administration’s debt relief plan to proceed could mean that millions of Americans could soon be eligible for student loan forgiveness. This breakthrough offers help to individuals struggling with student loan debt by acting as a financial lifeline like to the stimulus payments during the pandemic. Background: Financial...