Social Security is facing a financial shortfall that could lead to the program’s inability to pay full benefits to retiring Americans in about a decade. The program operates with two trust funds, one ...

Once you retire, there’s a good chance you’ll need your monthly Social Security income to manage your senior living costs.

In 2025, you'll pay a Social Security tax of 6.2% on the first $176,100 you earn -- up from the previous cap of $168,600 in 2024. Each year, the Social Security Administration (SSA) looks at the ...

Social Security is facing a revenue shortfall that could lead to sweeping benefit cuts. Raising or eliminating the program’s wage cap could make the program more solvent. That won’t necessarily fix ...

Interestingly, the taxable maximum only increases if Social Security had a cost-of-living adjustment (COLA) the previous year. The maximum remained steady from 2009 to 2011 and in 2016, for example — ...

NEW YORK, NEW YORK - MAY 02: Elon Musk attends the 2022 Met Gala celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Noam ...

If nothing is done to change course, Americans on Social Security may see their monthly benefits drop by 25% in the years ahead. That’s because the Social Security trust fund reserves could become ...