The future of Social Security weighs heavily on the minds of most Americans, with the vast majority worrying the program will run out of money during their lifetimes, according to a new survey from.
Unless lawmakers come up with a plan to deal with Social Security's looming funding shortfall, retirees will likely see a reduction in benefits in about a decade. That reduction could be especially.
Unless the U.S. inflation rate registers a massive and unexpected spike for August and September 2023, next year's Social Security cost-of-living adjustment will almost certainly be around 3.0% .
Social Security recently turned 88 years old, which means that for nearly nine decades, Americans have depended on the program for retirement and other benefits - all while worrying over how long.
Congratulations on your retirement! Once you reach this milestone, you're ready to start withdrawing money from your retirement accounts. If you've never done this before, don't panic. Money.