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Social Security Administration

Social Security, Medicare solvency could be examined by bipartisan commission

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Legislation under consideration in Congress would create a bipartisan commission of experts tasked with developing long-term reform options for Social Security and Medicare. Rather than advancing immediate policy changes, the panel would study the financial outlook for the programs and submit recommendations for lawmakers to consider. The proposed Commission on Sustaining Medicare and Social Security […]

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Social Security COLA forecast for 2027 jumps to 3.9% in response to rising inflation

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The forecast for the 2027 cost-of-living adjustment (COLA) for Social Security benefits has risen sharply to 3.9%, driven by persistent inflation in housing, utilities and energy, according to new data released by The Senior Citizens League. The projection — up from a steady 2.8% estimate just one month ago — would raise the average monthly

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House approves funding boost for Social Security Administration

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The House of Representatives approved legislation last week to bolster customer service efforts at the Social Security Administration (SSA), advancing a broader funding package aimed at avoiding a government shutdown at the end of this month. Lawmakers paired the funding increase with oversight requirements, instructing the SSA to avoid closing field offices or cut direct

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Poll finds broad support for independent Social Security commission

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A recent Cato Institute survey of 2,000 adults found strong bipartisan support for creating an independent, nonpartisan commission with authority to address Social Security’s long-term funding shortfall. Seventy-one percent of respondents said they favor Congress establishing such a body, reflecting broad frustration with lawmakers and growing openness to an alternative decision-making process. Support cuts across

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Social Security faces insolvency risk as Americans doubt its future

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Most Americans hold a favorable view of Social Security, but about one-third are skeptical the program will still exist when they retire, according to new survey data released by the Cato Institute and YouGov. The survey also found that Americans are broadly misinformed about how Social Security works.  “Many do not understand how the program

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Government shutdown impacts senior access to services

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The federal government shutdown is set to reach one month on Saturday, and the impacts are being felt by many Americans, including seniors who are struggling to access food, health care and a variety of support services. An article published last week by national senior advocacy group AARP highlighted some of the difficulties being faced

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Social Security COLA will increase 2.8% in 2026

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The Social Security Administration (SSA) on Friday announced that its cost-of-living adjustment (COLA) will rise 2.8% in 2026. Among the 53 million Americans who receive Social Security benefits in retirement, that will translate to an additional $56 per month. The average monthly payment to retirees will rise to $2,056, the SSA reported. The 2.8% increase

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Retirement age could change as Social Security examines all options

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With the Committee for a Responsible Federal Budget predicting that Social Security’s retirement trust funds will run out by 2032, policymakers are being forced to act fast. When asked during Fox Business News‘s “Mornings with Maria” segment on Thursday whether the retirement age would change, Social Security Administration (SSA) Commissioner Frank Bisignano said “everything’s being

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Bill would end Social Security benefit taxes

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Sen. Ruben Gallego (D-Ariz.) has introduced the You Earned It, You Keep It Act, which would eliminate federal taxes on Social Security benefits while extending the payroll tax to incomes above $250,000. “Like a lot of Americans, I’ve been paying into Social Security since my first job at 14. But despite decades of paying into

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As Social Security turns 90, what will its future hold?

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The Social Security system celebrated its 90th birthday this week. In the wake of this milestone, several policy analysts and news outlets offered their thoughts on the program’s past, present and future. The Committee for a Responsible Federal Budget (CRFB) noted that the safety net program that currently serves some 69 million Americans per month

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