Social Security payments have been helping seniors supplement their retirement income since the Social Security Administration was created in 1935. With the decline of employer pension plans, workers have become increasingly responsible for building their own retirement savings nest eggs.

February’s Supplemental Security Income payment, worth up to $967, will go out to millions of beneficiaries in nine days. The next SSI payments are scheduled to be distributed on Jan. 31. SSI payments are given to people living with debilitating disabilities that affect their income, according to the Social Security Administration.

President Donald Trump has tapped businessman Frank Bisignano as the Social Security Commissioner. What could that mean for you?

Retirees who stop working at the Full Retirement Age, currently set at 67, can receive a maximum benefit of $4,018 per month. If benefits are claimed at the earliest possible age of 62, that maximum payment drops to $2,831.

Every year, the Social Security Administration, or SSA, examines inflation data and adjusts Social Security benefits accordingly. In short, the annual cost-of-living adjustment, or COLA, is designed to help retirees keep up with the rising cost of goods and services.

Nearly 72.88 million Americans rely on Social Security for monthly income. The vast majority, about 65.5 million, collect Social Security benefits. Another 4.88 million receive Supplemental

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.

Former Louisiana Congressman Garret Graves' Social Security Fairness Act repeals WEP and GPO penalties for millions of government retirees.

All federal and state courts will be closed for the day as well. While the United States Postal Services stops its services on Martin Luther King Jr. Day, FedEx will remain open and deliver packages as regularly scheduled.

The Social Security taxable wage base increased from $168,600 in 2024 to $176,100 in 2025. This is the amount of your annual income subject to Social Security payroll taxes if you're working. The tax rate is currently 12.4%, but if you're traditionally employed, you only pay half of that while your employer covers the other half.

The Social Security Administration introduced cost-of-living adjustments (COLAs) in 1975 to help benefits maintain their buying power amid rising inflation. In fact, since 2010, Social Security has lost around 20% of its buying power,

If Social Security reserves are depleted by 2033, as predicted, future benefits could be cut by as much as 21%. Here’s how to weather the impending storm.