President Biden took office in 2021 with an ambitious plan to improve the post-pandemic economy and to reduce the level of poverty among older adults. His proposals included increasing Social …
Continue Reading2023 Social Security Benefit Update
Tag Archives: Social Security
When Should Seniors Apply for Social Security?
Retirement should be a time to relax and enjoy life. Unfortunately, it can be a time of financial insecurity. Regardless of any other retirement income that a senior might depend …
Continue ReadingWhat Should We Know About the Social Security Trust Funds?
When we started working, we probably didn’t think much about retirement or Social Security beyond the regular Social Security deductions from our paychecks. The exception might have been when our …
Continue ReadingMillions of Elderly Americans Avoid Poverty Thanks to Social Security
A new study, relying on Census Bureau data from all 50 states, shows that Social Security checks are an essential lifeline for millions of Americans. The Center on Budget and …
Continue ReadingHow Does Social Security Work?
Social Security, also known as the Old-Age, Survivors, and Disability Insurance (OASDI) is a federal program that includes several insurance and welfare programs. The original Social Security Act was signed …
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