Social Security

For decades, Americans have heard the same warning: Social Security has a financial problem coming. The debate has included everything from raising taxes and increasing the retirement age to reducing benefits, changing cost-of-living adjustments, or increasing the amount of wages subject to Social Security taxes. There has certainly been no shortage of ideas. What has

The Social Security Fairness Act, recently signed by President Joe Biden, is a new law that will help retired public workers, like teachers and firefighters, get more Social Security money. In Ohio, many public employees don’t pay into Social Security because they pay into state-run pension plans instead. Before this law, they got smaller Social

Millions of Americans look forward to claiming Social Security retirement benefits after years of paying into the program. But Social Security beneficiaries face the possibility of an across-the-board benefit cut of at least 20% in the next decade, due to a looming funding shortfall the program faces. That can be changed if Congress decides to