Social Security

Low‑income seniors and disabled Americans who rely on Supplemental Security Income (SSI) will see two government deposits in May — one on Wednesday, May 1, and a second on Thursday, May 30. What To Know: The back‑to‑back checks are not a windfall. The early payment simply replaces June's...

National Economic Council (NEC) Director Kevin Hassett anticipates the GOP tax bill will be approved by Congress by the start of summer. What Happened: Hassett informed journalists at the White House of his expectations for the tax bill. He stated, “The hope is that the tax bill will be...

The U.S. Education Department said it will restart collections on May 5, reviving tactics like intercepting tax refunds and Social Security checks to recover past‑due federal loans. What Happened: According to an official press release, roughly 5 million people are at least 270 days...

Money‑management guru Dave Ramsey is urging Americans to treat Social Security as a bonus, not a backbone, warning that the program's cash crunch could slice benefits within a decade. What Happened: "Don't count on it. Or don't count on all of it," a Ramsey Solutions blog post says, bluntly...

Former President Joe Biden delivered a speech in Chicago on Tuesday, criticizing the Trump administration for its approach to Social Security without naming his successor, Donald Trump. What Happened: Speaking to about 200 attendees at the Advocates, Counselors, and Representatives for the Disabled...

On April 16, the Social Security Administration will send out payments to U.S. retirees in Group 3. Payments are distributed on four different dates throughout the month, based on the beneficiary’s year of retirement and birthdate. Eligibility and Payment Dates Explained: Social Security...

Despite aggressive cost-cutting by the Department of Government Efficiency, federal spending has reportedly climbed by $154 billion since President Donald Trump returned to office, What Happened: Government spending is significantly higher under Trump's second term compared to the same period in...

In its most recent move to tackle unregulated migration, the Trump administration has reclassified over 6,000 living immigrants as deceased and disabled their Social Security numbers. This move strips them of their work eligibility and pushes them to leave the country. What Happened: According to...

Major Social Security updates, now in effect as of April 2025, stand to reshape benefits for millions of Americans. From bigger checks to new identification rules, these changes could have a serious impact on the paychecks of retirees, survivors, and those on spousal benefits. What Changes Are Set...

As tax season kicks into high gear, one analyst noted an increase in tax refunds that could leave taxpayers with more cash as they head into spring. Bank of America analyst Mihir Bhatia analyzed consumer finances as we move into the final weeks of tax season. Bhatia noted a continued increase in...

Leland Dudek, a mid-level career employee at the Social Security Administration, found himself at the center of a major shake-up when he was appointed as the agency’s acting commissioner. Just days before his promotion, Dudek had publicly stated that he was placed on administrative leave for...

Sweeping changes are coming to Social Security as well as the agency that administers it in 2025, requiring a rethink of how central or reliable advisors should consider the service for their clients. Following the passage of the Social Security Fairness Act last year, and former President Joe...

Many are concerned about the accessibility of social security services as the Social Security Administration faces office closures. As of Feb. 26, several locations have been closed or consolidated due to budget cuts and a federal push for streamlining government operations.  These changes,...

Most people know that Social Security alone won't be enough for a comfortable retirement. The numbers don't lie—the average monthly benefit in 2025 is around $1,976, adding up to about $23,712 a year, according to the Social Security Administration.  That's why so many Americans rely on...

The Social Security Administration is facing new uncertainties following the resignation of its acting commissioner. Michelle King stepped down after refusing to grant access to sensitive Social Security recipient information to the Department of Government Efficiency. Her departure has raised...