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The Social Security Administration (SSA) will pay benefits to nearly 68 million Americans every month in 2024 for a total of more than $1.5 trillion over the course of the year.
Plus, the future of Social Security remains in question. So it’s understandable that only 18% of survey respondents believe it will be easier than their parents to retire comfortably. But maybe ...
The smallest COLA adjustment in four years. A mid-2% COLA may come as a surprise for many Social Security recipients after getting payout increases of 5.9% in 2022, 8.7% in 2023, and 3.2% last ...
The Alliance for Retired Americans (ARA) is a 501 (c) (4) non-profit organization and nonpartisan organization of retired trade union members affiliated with the AFL-CIO, which founded it in 2001. The group's membership also includes non-union, community-based activists. Its predecessor organization was known as the National Council of Senior ...
The government pension offset reduces Social Security benefits for spouses, widows and widowers who also have pension income. More than 745,000 Americans are affected by the GPO.
A slow-moving crisis is approaching for Social Security, threatening to undermine a central pillar in the retirement of tens of millions of Americans. Next year, for the first time since 1982, the program must start drawing down its assets in order to pay retirees all of the benefits they have been promised, according to the latest government ...