Forecast for Social Security’s 2027 Cost-of-Living Adjustment Has Unexpected Changes
Understanding Social Security and Its Adjustments Social Security is not just a benefit for retirees that lasts a few years; for many, these monthly payments can continue for decades. That’s part of why the cost-of-living adjustment (COLA) is so crucial. The COLA is designed to adjust benefits each year to keep up with inflation. Without […]
Seniors Received Important Information About Social Security’s 2027 Cost-of-Living Adjustment
Understanding Social Security’s Cost of Living Adjustment One crucial feature of Social Security is its annual cost of living adjustment, or COLA. Many seniors have been relying on Social Security benefits for quite some time. Without adjustments for inflation, retirees risk losing their purchasing power as time goes on. Fortunately, Social Security benefits are adjusted […]
Social Security’s 2027 cost-of-living adjustment projected to increase to 3.9% due to inflation
OpenTheBooks CEO John Hurt recently discussed the growing long-term deficits in Social Security and Medicare as fiscal challenges escalate. Social Security beneficiaries can expect further increases in their incomes. A new report indicates that inflation is set to rise next year. The Senior Citizens League (TSCL) has analyzed and projects that the Cost of Living […]
Medicare Premium Increase Consumes Almost Half of Social Security’s 2.5% COLA Boost in 2026
Quick Read The 2.5% Social Security COLA for 2026 raised the average retiree’s monthly check by roughly $50. However, Medicare Part B premiums took away about $18 of that, leading to a net benefit of just $32 per month. For high-income retirees in the IRMAA tier, increases in premiums meant they experienced a loss of […]
Social Security’s primary trust fund is projected to run out in 2032, leading to reductions in benefits.
Sen. Rand Paul Discusses Economic Implications of Government Shutdown Senator Rand Paul from Kentucky recently appeared on Mornings with Malia. He talked about the economic fallout from the current government shutdown and what he thinks might happen next regarding the reopening of government operations. There’s growing concern over significant trust funds intended to finance social […]
White House rejects claims that Trump is thinking about dismissing Homeland Security’s Noem
White House Responds to Claims About Homeland Security Secretary The White House has dismissed reports suggesting that President Donald Trump is contemplating the dismissal of Homeland Security Secretary Kristi Noem. This denial follows an article from MS Now, which quoted a White House official stating that Noem was “on very thin ice.” Interestingly, rumors have […]
This Is Exactly How Much Social Security’s 2026 Cost-of-Living Adjustment Is Expected to Increase Benefits
Despite early predictions regarding social security cost adjustments since 1997, salary increases slated for next year may not be sufficient for most beneficiaries. One of the biggest announcements for over 70 million Social Security recipients is just around the corner. On October 15th, the Social Security Agency (SSA) is set to reveal the 2026 Cost […]
Changes may be coming to the wording of Social Security’s retirement age. Here’s what you should know.
Choosing when to start claiming Social Security retirement benefits is a significant choice. Currently, Congress is contemplating adjustments to the program’s language to make understanding available options easier for the public. Navigating the pros and cons of claiming benefits at various ages can be quite perplexing. In fact, about 21% of adults, based on a […]
Trump marks the 90th anniversary of Social Security’s creation
Trump Celebrates 90th Anniversary of Social Security On August 14, 2025, President Donald Trump marked the 90th anniversary of Social Security, emphasizing its vital role in aiding millions of Americans. He delivered his remarks from the Oval Office, reflecting on the significance of this key component of the nation’s social welfare system. During the celebration, […]
Analysis suggests Trump’s megabill could accelerate the depletion of Social Security’s trust funds.
A recent analysis indicates that President Trump’s extensive tax and spending plan might expedite the bankruptcy of the Social Security Trust Funds, according to the chief actuary overseeing the program. The Office of the Chief Actuary (OACT) of the Social Security Agency (SSA) released this report in response to a request from Sen. Ron Wyden […]