Social Security is facing a potential financial crisis that could impact millions of Americans who rely on these benefits for their retirement income. According to recent reports, the Social Security trust funds are projected to be depleted by 2034,

The Social Security Administration is warning that Americans affected by the Social Security Fairness Act may need to be patient.

The Social Security Fairness Act is set to significantly increase benefits for many public service workers by eliminating outdated rules. If you qualify, you might also receive back payments for 2024.

Over three million retirees who worked in the public sector, or are entitled to spousal or surviving spousal benefits, will see delays as the SSA manually adjusts benefits as a result of the Social Security Fairness Act.

The Social Security Fairness Act repeals two provisions that will give qualifying individuals more money and potential back payments. Here's what you should know.

The program's total costs became higher than its total income in 2021, but its costs have been higher than the trust funds' non-interest income since 2010. This means the program is currently sustaining itself by slowly draining its trust funds. But this won't be possible forever.

From Fiscal Year (FY) 2025 to 2035, nominal spending will grow by 53 percent according to the latest Congressional Budget Office (CBO) baseline. About 83 percent of this increase can be explained by only three parts of the federal budget: Social Security, health care, and net interest on the national debt.

President Donald Trump has frozen $3 trillion in federal funds until his administration completes a full spending review. Here’s what it means.

The full extent of the order was not immediately clear, but the directive sent to government agencies on Monday threatened to paralyze a vast swath of federal programs.

With the newest CBO estimate predicting the national debt will hit $52 trillion by 2035, Congress has two feasible options to protect current Social Security benefits without inflicting fiscal harm.

The nonpartisan Congressional Budget Office released its latest 10-year budget outlook, which projected the U.S. is on track to break a notable debt record in just four years.

Sterling Wealth Management's Sharon Allen and Daly Andersson answer Jana Wiersema's questions about the impact of the new Social Security Fairness Act.