Social Security Funding
The latest news and developments affecting Social Security funding, and how legislative moves may help or hurt the program.
Sen. Crapo to Yellen: Where's the Social Security Trustees Report?
By Melanie Waddell"It is now early August, and Treasury officials have not yet contacted my staff regarding the anticipated release date for the reports," Crapo told Yellen.
July 10, 2021
Biden Fires Social Security Administration ChiefThe term of Trump appointee Andrew Saul was set to expire on Jan. 19, 2025.
July 06, 2021
5 U.S. States Where COVID-19 Slashed Birth RatesIn these states, the pandemic has had a profound effect on population age distributions.
June 01, 2021
Social Security Uncertainty Can Cause Costly Retirement Planning Mistakes: StudyResearchers estimated the cost to workers of waiting too long to address Social Security funding.
May 28, 2021
U.S. Federal Government Records $3.1 Trillion DeficitSocial Security payroll tax revenue and Federal Reserve contributions were up.
May 27, 2021
AARP Touts Popularity of Social Security, Medicare Amid TRUST Act ConcernsThe senior advocacy group worries the proposed TRUST Act would be used to fast-track benefit cuts.
April 21, 2021
TRUST Act Could Lead to Wide Social Security Benefit CutsSimply put, the TRUST Act is a way to cut benefits while leaving few fingerprints from individual members of Congress.
April 15, 2021
Bill Reintroduced to Shore Up Social Security, MedicareThe TRUST Act aims to prevent a roughly 25% cut to benefits in 2032, when today's youngest retirees turn 73.