Social Security

America's full retirement age (FRA) for claiming 100 percent of Social Security rises to 67 in 2025, capping a four-decade phase-in that permanently trims checks for anyone filing earlier and rewards those who delay until 70. Workers who understand the new timetable and the penalties for jumping...

Recent ethics filings indicate that Frank Bisignano, confirmed as head of the Social Security Administration (SSA), has been granted a major tax deferral on hundreds of millions in stock holdings. What Happened: Bisignano, ex-CEO of Fiserv and among Wall Street's most highly paid executives, is...

Sen. Elizabeth Warren (D-Mass.) accused Elon Musk, Vice President JD Vance and President Donald Trump of "lying about Social Security fraud" and pointing to internal Social Security Administration files that found "no significant fraud" in a recent X post. What Happened: "This is a HUGE scandal....

Business professor Scott Galloway's viral call to deny Social Security checks to the wealthiest retirees — "a $1.2 trillion transfer from young people … to the wealthiest generation in history," he says — has reignited a decades-old debate over "means testing." What Galloway Proposes On his "Prof G...

Elon Musk‘s previous comments on immigrants and entitlement programs were fact-checked by experts while also drawing a comprehensive response from an economics professor. What Happened: Musk, during an interview in March with Fox Business Network, made contentious remarks suggesting that...

House Republicans are warning newly confirmed Social Security Administration Commissioner Frank Bisignano against further staffing reductions that could worsen already deteriorating customer service at the agency. What Happened: Fifteen House Republicans sent a letter to Bisignano shortly after his...

The Social Security Administration (SSA) has announced plans to introduce a digital version of the Social Security card this summer, enabling Americans to access their Social Security numbers securely online. What Happened: The new feature can be availed through the My Social Security website. It...

The Social Security Administration is again changing course on how aggressively it claws back money it mistakenly paid to beneficiaries, cutting the repayment rate to 50% of a monthly check, down from the full 100% it began seizing in March. What Happened: The shift, disclosed in an April 25 "...

The Trump administration has asked the Supreme Court to allow the Department of Government Efficiency (DOGE) to access sensitive Social Security data, furthering a legal battle over data privacy and executive authority. What Happened: The emergency appeal comes after a divided federal court ruling...

Americans spooked by headlines about Social Security's shaky finances are racing to file claims at 62, even though experts say the math still favors patience. What To Know: The program's trustees warn that the retirement trust fund could run dry by 2033, after which only 79 percent of scheduled...

Kevin O’Leary, a prominent entrepreneur and investor from ABC’s Shark Tank, recently shared his perspective on Social Security and retirement planning. What Happened: O’Leary underscored that Social Security was never meant to be the only income source for retirees. He pointed...

Concerns about the future of Social Security are prompting more Americans to claim Social Security benefits earlier than planned, even at the risk of collecting smaller monthly checks. Triggered by government cuts to welfare programs and administrative turmoil, retirement decisions are being...

President Donald Trump‘s immigration policies could worsen Social Security’s existing funding shortfall by approximately 11%, according to a new report from the Center on Budget and Policy Priorities. What Happened: The Social Security program, already projected to have funds to pay...

The Social Security Administration (SSA) has announced the reinstatement of “National Social Security Month”, signaling a new approach to public outreach under the current Donald Trump administration. The campaign, halted during the pandemic and shelved during the Biden years, is a...

Some retirees could miss their May benefit checks, former Social Security Commissioner Martin O'Malley cautioned Monday, blaming deep staffing cuts and repeated computer outages for what he called a looming "interruption of benefits." What Happened: Speaking at a packed town hall hosted by U.S....