UPDATE: Financial Status of Social Security Trust Funds Revised
On Thursday, June 2, the Social Security Administration released a statement about the financial status of the Social Security Trust Funds.
On Thursday, June 2, the Social Security Administration released a statement about the financial status of the Social Security Trust Funds.
Many retirees or soon-to-be retirees don't know some essential information about the Social Security program.
Currently, there is a proposal in the House of Representatives to reinforce funding for the administration. This reinforcement would allow for more staffing to help out with customer service.
Social Security claimant have dramatically increased in number over the past few years. Unfortunately, this increase in beneficiaries was not met with an increased operating budget to help manage the program.
Senior citizens are often the targets of con artists. Luckily, the House is working towards catching and preventing these scams.