Social Security

The late Berkshire Hathaway vice chairman once saw Social Security as a pillar of American dignity and argued against policy shifts that would hurt retirees. What Happened: In a 2011 discussion at the University of Michigan's Ross School of Business, legendary investor Charlie Munger called Social...

Tech bull Dan Ives of Wedbush Securities has raised his price target for Palantir Technologies Inc. (NASDAQ:PLTR), signaling a 12% upside from its current trading price over the next 12 months. What Happened: In a post on X, Ives expressed growing confidence in Palantir's artificial intelligence...

The Social Security Administration (SSA) has come under scrutiny for distributing an email that inaccurately describes the impact of President Donald Trump’s new tax legislation on Social Security benefits. What Happened: The email, which has been shared by several beneficiaries, claims that...

President Donald Trump's "Big, Beautiful Bill" promises the first new tax break for older Americans since 2017, a temporary "senior bonus" deduction that could reduce many retirees' taxable income by up to $6,000 each year from 2025-28. How The Senior Bonus Works The Senate-passed version lets...

Social Security and Medicare's main trust funds will be depleted in 2033, a year earlier than last forecast, trustees said Wednesday. What Happened: The annual report advanced Medicare's insolvency date by three years after higher-than-expected 2024 hospital spending and slower wage growth eroded...

The student loan policies of the Trump administration, backed by Congressional Republicans, could pose a significant risk to the U.S. economy, potentially overshadowing concerns about Trump’s tariff policies, according to an expert. What Happened: The student loan debt in the U.S. stands at...

On Friday, the Supreme Court ruled in favor of granting the Department of Government Efficiency (DOGE) access to sensitive Social Security records. What Happened: The Supreme Court granted the Donald Trump administration's emergency request to lift a lower court's ruling that had blocked DOGE's...

Sen. Elizabeth Warren (D-Mass.) has raised alarm over the growing strain on older Americans trying to access their Social Security benefits. Her remarks come amid a wave of policy changes and office downsizing at the Social Security Administration (SSA), driven by the Department of Government...

The U.S. Education Department has halted plans to seize Social Security checks from the roughly 452,000 older Americans who have fallen behind on federal student loans, a policy reversal that offers immediate relief to retirees living on fixed incomes. What Happened: The about-face comes less than...

The U.S. Department of Education has put a halt to its plans of reducing Social Security benefits for individuals who have been unable to pay their student loans, as per a department spokesperson. What Happened: The U.S. Department of Education has put a hold on its plan to...

Six in ten working-age Americans fear Social Security will vanish before they retire, a new DepositAccounts survey finds, underscoring a widening confidence gap as the program's main trust fund edges toward depletion in 2033. What Happened: The poll of 1,047 non-retirees shows 59% doubt the program...

Retirees who have defaulted on their student loans may see a reduction in their Social Security checks from June. This is a result of the U.S. Department of Education’s decision to recommence involuntary collections on defaulted student loans, including garnishing wages, intercepting tax...

More than 40% of seniors around the country currently rely solely on their monthly Social Security benefits to get by. A new analysis shows which U.S. states have the highest share of seniors depending on Social Security, as well as the average monthly check they receive. With major cuts to Social...

For the first time in the 90-year history of Social Security, the average monthly benefit for retired workers is projected to go beyond $2,000 next month. Despite the historic nature of this milestone, it is more an indication of inflation than financial security for beneficiaries. What Happened:...

Newly installed Social Security Commissioner Frank Bisignano told more than 500 field-office managers this week that he was not “looking for a job” and had to "Google” Social Security before accepting the post offered to him by the Trump administration. What Happened: According to...