The Social Security program is currently paying out more in benefits than it collects in payroll tax and other revenue, and it is drawing down
We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
The Social Security program is currently paying out more in benefits than it collects in payroll tax and other revenue, and it is drawing down
Go to main Forum page » AUTHOR: R Quinn on 9/13/2024 I can’t take credit for the headline here. Actually Jonathan Clements wrote it for my section in the
Go to main Forum page » Join the debate AUTHOR: R Quinn on 9/09/2024 A 2021 Society of Actuaries study on retirement risk looked at retiree vulnerability to unexpected financial shocks.
Based on the average of the CPI-W for July and August of 308.57, the 2025 COLA will be 2.4% The final COLA will be determined