Federal government default could impact Social Security benefits
Talk of the debt ceiling has dominated headlines since early 2023 when the treasury department began using extraordinary measures to allow the federal government to pay its obligations in full and on time. For the ninth time since the 2011 debt ceiling crisis, the...
Social Security update: Budget expected to fall short in 2023, while hope remains for 2024
Last month, Dr. Kilolo Kijakazi, Acting Commissioner of the Social Security Administration, issued a statement to the Chair of the Senate Appropriations Committee in conjunction with the Administration’s 2023 Operating Plan. The Operating Plan summarizes the...
The solvency of the Social Security trust funds and the impact on benefits
With more than 65 million Americans receiving monthly benefits from the Social Security Administration (SSA), the Social Security program provides crucial income protection for retirees, disabled workers, and widow(er)s across the United States. Despite the importance...