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Social Security update: Final round of July payments worth $4,873 to go out Wednesday

The final round of July’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the final group of retirees on Wednesday. Here is everything to know about this month’s Social Security payments. What is it? Former President Franklin D. Roosevelt signed the Social Security Act into law in 1935, creating […]

Taxing the rich is no silver bullet for saving Social Security

“Putting a fair burden on the wealthy” is President Biden’s response When asked at last month’s presidential debate how he would deal with the threat of Social Security going bankrupt, he replied: Opposition If there is no benefit to making cuts of any kind, then it follows that Social Security’s finances should be stabilized by […]