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The Latest Breaking News from Social Security

The federal budget: an overview

In 2023, the US government brought in $4.47 trillion and spent $6.16 trillion.

USAFacts

Vocal critic of carer’s allowance scandal to oversee the benefit as minister

Stephen Timms has spoken out against the problems that have plunged thousands of people into debt

The Guardian - UK

The Guardian view on the two-child cap: scrap this nasty policy

Editorial: ‘The worst social security policy ever’ impoverishes children, humiliates women and penalises ethnic minorities. Keir Starmer must abolish the two-child cap on benefits

The Guardian - UK

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10 Ways to Generate Retirement Income

Each of these retirement income strategies has benefits and drawbacks. Here's what to consider to help you decide which ones might work for you.

Kiplinger

Why Did Americans Stop Caring About the National Debt?

Both parties—and the voters—are to blame for the national debt fiasco.

Reason

Hold the phone: AT&T reveals hack stole data of ‘nearly all’ customers in 2022

Company says it doesn’t believe data of 100 million users is publicly available

The Independent UK

How much does the US spend on Social Security? Is it sustainable?

The largest public program in the US is supporting nearly 68 million people per month in 2024.

USAFacts

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Social Security Faces Looming Shortfalls, Candidates Promise No Cuts

Challenges and potential solutions for protecting Social Security and Medicare without benefit cuts or retirement age changes.

Top News

Republicans Confirm Their Plan To Let Social Security Go Insolvent

Which party can do the least to fix America's troubled old-age welfare system?

Reason

The Taxes That Come out of Your Paycheck

Your take-home pay is often less than expected due to several payroll tax withholdings you need to know.

Kiplinger

Record number of Americans are retiring abroad because the U.S. is too expensive

"They do things differently here, and that’s why we’re here."

Fortune

Federal science funding at record lows

Support for science has traditionally been bipartisan, but fights over spending have affected research funding

Salon

Only one in five fifty-five-year-old Americans has enough to live comfortably in retirement

They're also more prone to significant mental and emotional health challenges, particularly if they are financially insecure

Latin Times

Is Your IRA an IOU to the IRS? Three Retirement Tax Strategies

These steps, including converting to Roth IRAs, using a Roth 401(k) and leveraging life insurance and annuities, can help reduce your taxes in retirement.

Kiplinger

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The Conversation

Federal funding for major science agencies is at a 25-year low

Government funding for science is usually immune from political gridlock and polarization in Congress. But, federal funding for science is slated to drop for 2025.

Roll Call

Fact-checking the Biden-Trump debate - Roll Call

FactCheck.org chronicles a relentless barrage of false and misleading statements in the first debate between Joe Biden and Donald Trump.

Top News

Biden Vows To Protect Social Security From Potential Cuts

President Biden vows to protect Social Security by ensuring the wealthy pay their fair share, while Trump hints at possible cuts. The candidates' contrasti...

Top News

President Biden To Increase Taxes On Wealthy For Social Security

President Biden's proposal addresses Social Security solvency by redistributing contributions more equitably to ensure program sustainability.

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Top News

Social Security And Medicare Face Looming Fiscal Challenges

Biden and Trump discuss Social Security and Medicare future during recent debate.

Reason

America Is in a Debt Crisis. Will Trump or Biden Address It at the Debate?

The candidate who grasps the gravity of this situation and proposes concrete steps to address it will demonstrate the leadership our nation now desperately needs. The stakes couldn't be higher.

Reason

'I Don't Support Mandates From Government': John Stossel Interviews Libertarian Presidential Nominee Chase Oliver

The candidate makes the case against the two-party system.

Fortune

Why one 69-year-old woman initiated a 'gray divorce'

“Even if you give up the house and the easy chair with the shape of your butt, it’s so comforting.”

The Guardian - US

US social security will no longer deny disability claims based on ability to work outdated jobs

Agency used list which included jobs such as nut sorter and microfilm processor and has not been updated since 1991

Fortune

The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

International Business Times UK

US Senior Desperate For A Job 'Doesn't Even Have $1 In Her Wallet' — How The 25X Rule Can Help You Save For Retirement

The 25x rule helps estimate retirement savings needed and works with the 4% rule, suggesting a safe withdrawal rate to avoid running out of money over time.

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