The Social Security Fairness Act is set to significantly increase benefits for many public service workers by eliminating outdated rules. If you qualify, you might also receive back payments for 2024.

The Social Security Administration is warning that Americans affected by the Social Security Fairness Act may need to be patient.

From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by only three parts of the federal budget: Social Security, health care, and net interest on the national debt.

Now that Donald Trump is back for a second presidential term, another big political shift will happen simultaneously happen post-inauguration. The Republicans now fully control Congress, which

Millions of retired Americans are set to benefit, but there are concerns the program could run out of funds sooner.

The program's total costs became higher than its total income in 2021, but its costs have been higher than the trust funds' non-interest income since 2010. This means the program is currently sustaining itself by slowly draining its trust funds. But this won't be possible forever.

The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back payments. Here's what you should know.

With the newest CBO estimate predicting the national debt will hit $52 trillion by 2035, Congress has two feasible options to protect current Social Security benefits without inflicting fiscal harm.

The program is staying afloat by draining money from its trust funds, but it can't do that forever. Part of the reason for this is the sheer size of the shortfall. While there isn't much ordinary Americans can do about this,

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.

Sterling Wealth Management's Sharon Allen and Daly Andersson answer Jana Wiersema's questions about the impact of the new Social Security Fairness Act.

Social Security benefits would be cut by 22% unless new streams of revenues are found, according to Phillip Swagel, director of the Congressional Budget Office. "Time is running out," said Rachel ...