Social Security Program Overview - Social Security was established in 1935 to provide economic security for older workers, people with disabilities, and those who have lost their jobs [1] - The Social Security Administration is going paperless on September 30th, requiring direct deposit or a Direct Express card for benefit payments [2] Social Security Funding and Future - Social Security is funded by payroll taxes and interest from bonds [4][10] - Since 2021, there has been a gap between income and benefits paid, with the trust fund projected to be depleted in 2033 [4] - If the trust fund is depleted, Social Security will only be able to pay out 77% of current benefits from payroll taxes and interest [5] - Social Security does not contribute to the US deficit, as it is funded by payroll taxes (FICA taxes) split evenly between employer and worker (124%) and interest payments from bonds [10][11] Addressing Myths about Social Security - The claim that Social Security is running out of money is false, although there is a potential for reduced benefits [3][5][6] - Aging baby boomers are not the primary problem for Social Security's future [6] - Income inequality, with more people earning above the Social Security tax cap of $176,100, is a significant issue [8]

Social Security Benefits Overview - Social Security provides guaranteed income for retirees, survivors, and disabled Americans, funded by payroll taxes [1] - Claiming benefits can start as early as age 62 or as late as age 70 for maximum benefit [2] - Benefit amounts increase over time based on the cost of living, with a 25% cost of living adjustment (COLA) this year [2] Retirement Age and Planning - Full retirement age is typically between 66 and 67, depending on the year of birth [2] - Individuals born in 1960 must wait until age 67 to collect full Social Security benefits [4] - The Social Security Administration website offers calculators to estimate monthly benefits at different claiming ages [4][5] Important Changes - Social Security retirement checks are no longer issued as paper checks; direct deposit enrollment is required [3]

Sharon, just give us context here for a minute. Where does the Social Security program stand today in 2025, 90 years after it was started. Well, it's changing quite a bit.And what the Social Security Administration wants to do is make it more digital friendly. They're really trying to get more people, encourage more people not just to talk about Social Security, but to go on the website and check out what their earnings are, make sure that information is accurate, and have about 200 million people be digita ...

Politics & Governance - Gavin Newsom and California are challenging Donald Trump's attempts to rig congressional districts, advocating for democratic processes against perceived Republican gerrymandering [4][11][12][13][14][15][16][17][18][22][23][24][25][28][30] - The report highlights the contrast between Democratic and Republican approaches to governance, particularly regarding transparency and accountability, referencing the Epstein files [7][8][9] - California's redistricting process is presented as a transparent and public alternative to alleged backroom deals in other states [23] Economics & Policy - Donald Trump's economic policies, including tariffs, are criticized for leading to higher prices and inflation, impacting consumers and seniors [52][53][57][58][60][61][64][65] - The report discusses the potential conflict of interest involving Treasury Secretary Scott Bessant and his soybean farmland in North Dakota, raising concerns about trade negotiations with China [78][79][80][81][82][83][84][85][86][87][88][89] - Social Security is highlighted as a crucial anti-poverty program, with concerns raised about potential Republican efforts to cut Medicaid by 900 billion, Medicare by 500 billion, and the Affordable Care Act by 300 billion [38][39][40][41][44][46][47][48][49][50][51] International Relations - Donald Trump's approach to the war in Ukraine is criticized, with claims that he has failed to solve the conflict and is aligning with Vladimir Putin's position [65][66][67][68][69][70][71][72][73][74][75][76] - Vladimir Putin is seen as gaining from meetings with Donald Trump, potentially normalizing relations and changing the subject away from Ukraine [73][74][75][76] Social Issues - The report emphasizes the importance of protecting vulnerable communities and addressing issues such as healthcare and deportation [34][36] - The legacy of Franklin Delano Roosevelt and the Social Security Act is celebrated, highlighting the importance of economic security and social safety nets [38][39][40][41][44][45]

As Social Security celebrates its 90th anniversary this month, fewer Americans are confident in the program’s long-term financial stability. Yet, many still expect it to cover a good chunk of their retirement income. https://t.co/AxCPdqqWKy ...

Retirement Planning Strategies - Utilizing retirement savings or annuities can defer Social Security claiming until age 67 or later [1] - Delaying Social Security benefits claiming can substantially increase monthly payments [1]

Social Security turns 90 this month, but the trust fund could be dead by 2033. Despite myths, benefits won't disappear—but people will see a 23% cut to benefits if congressional action is not taken. https://t.co/qHsepgeypo ...

President Trump delivers remarks on Social Security #youtube #US #news About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFi ...

Economy & Tariffs - The Democratic Party initially predicted economic faltering and recession due to tariffs, but this hasn't occurred [2] - Concerns remain that tariffs will worsen inflation and affordability issues, especially for consumer goods [6] - There is disagreement on whether tariffs have significantly impacted prices [5] Economic Indicators & Performance - Job creation has decreased to near record lows [3] - Inflation reached a high of 9% but is now at 27% year-over-year [7] - Unemployment is at 42%, considered full employment, and GDP was 3% [7] Political Stance & Policy - Democrats advocate for a strong social safety net, including Social Security, Medicare, and the Affordable Care Act [9][10] - The administration is accused of attacking these programs and nutritional assistance [10][12] - There are concerns about a bill that could negatively impact healthcare access and affordability [11] New York City Mayoral Race & Affordability - Affordability is a key issue in New York City, influencing the mayoral race [14][21][22] - One mayoral candidate is focused on addressing affordability, but his solutions are under scrutiny [14][23] - A proposed solution involves increasing the supply of affordable housing through public-private partnerships [24] Government & Free Market - The Trump administration is accused of attacking the free enterprise system and engaging in "pay to play" schemes [28][29] - There are concerns about political interference in the Bureau of Labor Statistics (BLS) [27][28] - The President is criticized for bullying corporations and individuals [31][32]

The Social Security Administration adjusts benefits based on the cost of living each year. Last year, beneficiaries received a 2.5% increase. https://t.co/lUPtNjPZDg ...