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Social Security update: July direct payment worth $943 goes out in 15 days

People living with serious disabilities will be receiving their July Supplemental Security Income payments, worth up to $943, in 15 days. The payment, which is under the direction of the Social Security Administration, will be sent to millions of beneficiaries on July 1. The maximum amount people can receive depends on how they apply. Categories include individual filers, joint […]

Find Your Estimated Monthly Social Security Benefit Amount Online – CNET

What does the future hold for your Social Security benefits? The outlook is uncertain, given reports that Social Security could run out of funds in the next decade. While we don’t know what the program will hold in the next few years, you can take control of your benefits online and empower yourself today. My […]

No, Social Security Isn't Getting a $600 Payment Increase This Month – AOL

Retirees have complained for decades that the purchasing power of Social Security has dwindled, despite above-average cost-of-living adjustments (COLAs) in recent years. So when news broke that Social Security benefits would be boosted by $600 in June payments, many were no doubt excited. The first June payments were made on the 12th. Unfortunately, these reports […]

Social Security Warning Amid US Population Shift – Newsweek

As America’s population grows and ages, financial experts are concerned about the impact on Social Security, as the number of people receiving Social Security benefits increases. The U.S. population has grown by more than 103 million people over the past 50 years, and according to data from the Social Security Administration (SSA), the percentage of […]

Social Security payments could see steep cuts starting in 2033

The chief actuaries for Social Security and Medicare testified before a House committee Thursday about looming financial difficulties for the two safety-net programs that could deplete key trust funds within about a decade and leave recipients facing benefit cuts if Congress doesn’t fix the funding shortfall. Social Security and Medicare trustees recently released reports examining […]

Microsoft Exec Testifies Before Congress On Security Breaches Involving Federal Emails, Maintaining China Operations

The president of Microsoft spoke before Congress on Thursday, accepting responsibility for security failings that allowed China-linked hackers to penetrate federal computer networks, NBC News reported. Testifying before the House Homeland Security Committee, Brad Smith expressed his commitment to fixing security issues in Microsoft products that are widely used by federal agencies. according to Republican […]