No big Social Security reforms have taken effect since the Reagan administration.
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If Congress and the White House fail to take action, Social Security beneficiaries would see a sudden 23% cut in their monthly checks in 2034.
More elderly people may soon be pinching pennies.
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Americans are increasingly struggling to save enough for retirement. If Social Security isn’t saved, growing old in poverty will likely become more common.
Despite alarming news, retirees can still rely on their retirement nest eggs.
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Social Security will have to dip into its trust fund to pay benefits this year for the first time since 1982. Should we be worried?