Artur Debat | Moment | Getty Images The number of centenarians in the U.S. is poised to balloon in coming decades. That longevity poses a big financial challenge for households. By 2054, there will be an estimated 422,000 Americans age 100 and older — more than four times the 101,000 in 2024, according to a … Read more
Mstudioimages | E+ | Getty Images Social Security beneficiaries who owe money to the Social Security Administration may see much lower default withholding rates from their monthly checks, thanks to new policies that are going into effect. As of March 25, the Social Security Administration no longer plans to collect 100% of a total monthly … Read more
Former Gov. Martin O’Malley (D-MD), President Biden’s nominee to be the next Commissioner of Social Security, testifies during his confirmation hearing before the Senate Finance Committee at the Dirksen Senate Office Building on November 02, 2023 in Washington, DC. Kevin Dietsch | Getty Images Three months into his role as commissioner of the Social Security … Read more
Momo Productions | Digitalvision | Getty Images WEST PALM BEACH, Fla. — Choosing when to claim Social Security is a decision that can carry big financial stakes for all older Americans, but it’s especially important for women. “It all comes down to longevity,” Mary Beth Franklin, a certified financial planner and Social Security expert, said … Read more
Peopleimages | Istock | Getty Images High inflation has prompted higher Social Security cost-of-living adjustments. But as the rate of price growth subsides, the annual increases for Social Security may fall in 2025 and beyond, predicts Mary Johnson, a Social Security and Medicare policy analyst at The Senior Citizens League, a nonpartisan senior group. In … Read more
President Joe Biden speaks during an event about lowering costs for American families at the Granite State YMCA Allard Center of Goffstown on March 11, 2024 in Goffstown, New Hampshire. Sophie Park | Getty Images News | Getty Images President Joe Biden is starting to win the inflation blame game against corporations. A recent Financial … Read more
U.S. President Joe Biden disembarks Air Force One as he arrives in Manchester, New Hampshire, on March 11, 2024. Kevin Lamarque | Reuters The reelection campaign of President Joe Biden on Monday released a new digital advertisement targeting Donald Trump over comments the former president made to CNBC about cutting government programs including Social Security, … Read more
By Kate Sullivan and Tami Luhby | CNN Former President Donald Trump on Monday suggested he was open to making cuts to Social Security and Medicare after opposing touching the entitlement programs and attacking his GOP presidential primary rivals over the issue. Trump was asked in an interview with CNBC whether he had changed his … Read more
Republican presidential candidate and former U.S. President Donald Trump gestures to supporters as he hosts a campaign rally at the Forum River Center in Rome, Georgia, U.S. March 9, 2024. Alyssa Pointer | Reuters President Joe Biden on Monday quickly slapped down Donald Trump’s suggestion in a CNBC interview that “there is a lot” that … Read more
A United Auto Workers union member holds a sign outside the Stellantis Sterling Heights Assembly Plant to mark the beginning of contract negotiations in Sterling Heights, Michigan, on July 12, 2023. Rebecca Cook | Reuters Many Americans long for the days when companies guaranteed workers income in retirement. That includes Sara Schambers, a fourth-generation Ford … Read more
