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Social Security Administration News Archives

Social Security is going bankrupt and lawmakers plan to save it

A report released at the end of June by Social Security Administration (SSA) trustees suggests that some of its trust funds will be tapped out by 2034 unless changes are made to how benefits are paid out very soon. While they acknowledged that the benefits program won't cease to exist, they did note that millenials should expect to receive a quarter less of the benefits that they may have originally anticipated receiving when they came of age.

Reviewing your Social Security statement helps with planning

Social Security helped rescue generations of Americans from poverty and helps the rest of us worry a little less about retirement benefits. The days of thinking that our Social Security accounts will manage themselves are over, and we owe our future selves to pay attention to how our benefits develop.

Social Security's backlog to be addressed

Nobody in the government is ever totally happy with each year's spending budget . In fact, the most recent one was signed by the President despite his vocal disapproval. However, there are quite a few people cheering at least one provision in the mix. There is an increase in the money allotted toward Social Security that's intended to help clear out the backlog of disability claims.

Protecting yourself from Social Security fraud

The U.S. Social Security Administration is becoming especially diligent in rooting out instances of fraud. For example, it has been investigating instances of people receiving Social Security disability payments when they don't actually have a qualifying disability and other suspicious activity.

5 changes to Social Security that may arrive by 2020

For over 75 years, Social Security has been helping qualifying individuals who have lost their income, often due to disability or retirement. Right now, that means around 42.4 million workers who have retired are getting those benefits checks every month.

New confidence scam targets Social Security benefits

Social Security benefits are always hard-won by past contributions and often hard-won in the tough claims process for disability. This is why beneficiaries and their families must be exceptionally vigilant for attempts to defraud or steal Social Security payments from them.