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Social Security

Social Security has funding problems. How do we fix it before benefits are cut?

by Kai Ryssdal and Sarah Leeson
Jun 12, 2023
The trust fund supplementing income taxes could run dry within 10 years. Dennis Jansen of Texas A&M suggests reforms.
About 67 million Americans receive Social Security income.
Justin Sullivan/Getty Images
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National Debt

What happens to benefit checks if there's no deal on the debt ceiling?

by Samantha Fields
May 23, 2023
Supplemental Security Income payments and veterans 'payments could be among the first checks to be delayed.
Speaker of the House Kevin McCarthy is scheduled to meet with President Joe Biden to continue debit limit negotiations. Experts agree that a default would cause a massive pause on regular government payments to individuals in need.
Chip Somodevilla/Getty Images
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I've Always Wondered ...

Will we ever run out of Social Security numbers?

by Janet Nguyen
Mar 10, 2023
With 1 billion possible combinations, we still have decades before they’re used up.
Your Social Security number is yours even after 'til death do you part.
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What's behind the larger Social Security checks?

by Sabri Ben-Achour , Chris Farrell and Erika Soderstrom
Jan 23, 2023
This month Social Security checks went up by an 8.7% cost of living increase. But what happens to social security in the future?
Marketplace Senior Economics Contributor Chris Farrell outlines the benefits of this month's boost to government retiree benefits.
Kevin Dietsch/Getty Images
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Social Security recipients to get their biggest cost-of-living raise in over 40 years

by Samantha Fields
Oct 10, 2022
The adjustment is likely to be announced this week and expected to be around 9%. It's welcome news for recipients struggling with inflation.
Kevin Dietsch/Getty Images
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For Social Security recipients, "there’s no keeping up" with rising costs

by Savannah Maher
Aug 15, 2022
The program is expected to provide a large benefits increase in 2023. Until then, many on fixed incomes have to tighten their budgets.
Marketplace Senior Economics Contributor Chris Farrell outlines the benefits of this month's boost to government retiree benefits.
Kevin Dietsch/Getty Images
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How patience can pay off when it comes to filing for Social Security

by Nova Safo , Chris Farrell , Rose Conlon and Alex Schroeder
Feb 21, 2022
Waiting until age 70 to file for Social Security means a roughly 76% boost to benefits.
In this photo illustration, a Social Security card sits alongside checks from the U.S. Treasury on October 14, 2021 in Washington, DC. The Social Security Administration announced recipients will receive an annual cost of living adjustment of 5.9%, the largest increase since 1982. The larger increase is aimed at helping to offset rising inflation.
Kevin Dietsch/Getty Images
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Being single in the U.S. comes at a cost

by Reema Khrais and Andie Corban
Dec 22, 2021
Author Anne Helen Petersen compares being single in the United States to living in a hostile climate like the Arctic.
"Nearly 40% of the population is either single or a single parent, and the ways in which people are falling through these social safety nets” demonstrates the need for change, said author Anne Helen Petersen.
Leon Neal via Getty Images
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For people on benefits, inflation adjustments lag behind

by Amanda Peacher
Dec 10, 2021
Social security and SNAP benefits are adjusted every year for inflation. While that tends to be enough in normal years, it's not enough right now.
For those on fixed incomes, inflated prices on everyday items like rent and food can hit particularly hard.
Chandan Khanna/AFP via Getty Images
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The Social Security increase is historically big

by Samantha Fields
Oct 14, 2021
The 5.9% increase isn't typical, as cost of living increases for Social Security are usually under 2%.
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