Social Security is on track to deplete its trust funds by 2034, one year sooner than previously forecast, when the federal retirement program will be required to cut monthly benefits by about 20%.

The Social Security Administration faces a funding crisis. Trustees say the projected shortfall in retirement benefits has risen to $25.1 trillion through 2099, up from $22.6 trillion a year ago.

A 2.6 percent increase would raise the average Social Security payment for retired workers from $1,980.86 (as of February 2025) to $2,032.36 in 2026, an increase of $51.50.

If you're in one of the first two categories, the general idea is that some or all of your Social Security benefits can be withheld if your income exceeds a certain threshold. Here's what I mean ...

The Social Security fund will run dry in 2033, unless Congress combines the program's old-age and disability funds, in which case insolvency would arrive in 2034, the report found.

Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities in 2034 if lawmakers don’t act to address the program’s pending ...

Social Security checks will be sent out pretty much like normal in June, but there is one exception. Here's what to know about payment dates for June.

Paper Social Security checks will be eliminated on Sept. 30 By Jessica Hall Last Updated: June 20, 2025, 12:23 p.m. ET First Published: June 19, 2025, 10:00 a.m. ET Share ...