Treasury names Social Security head
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The Trump administration is reportedly plotting a major overhaul of Social Security that could see hundreds of thousands of older Americans lose their disability benefits. The Social Security Administration (SSA) is considering eliminating age as a factor in determining eligibility for disability payments,
For several years, many people online have claimed that U.S. Social Security payments were being renamed "Federal Benefit Payments." In mid- and late 2025, the rumor spread in various lengthy Facebook posts describing the change as a "Ponzi scheme" being carried out by the federal government.
I will never do anything that will jeopardize or hurt Social Security or Medicare,” Trump vowed in 2024. I have bad news for voters who believed him.
If the 2026 Social Security COLA increases your benefit to $2,054 next year, but the Medicare premium rises as expected, it would result in an effective monthly Social Security benefit of $1,847.50. That's an increase of $32.50 per month -- not the $54 that the COLA might lead you to believe.
The Trump administration is reportedly weighing up a proposal to remove age as a factor in determining a person’s ability to work.
Most people don’t actually wait until 70. For at least some of them, it makes a lot of sense.
Millions of seniors may have to wait longer for 2026 COLA announcement as the government shutdown could delay Bureau of Labor Statistics inflation report.