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Social Security benefit cuts could average $500 a month for retirees if trust fund runs dry, report finds
The trust funds that Social Security relies on to help pay benefits are running low. Based on Social Security Administration estimates from August, the trust fund dedicated to retirement benefits is projected to run out in 2032, when those benefits would need to be reduced by 24%. The annual Social Security trustees report, which gauges these timelines, is expected to be released this month.
Social Security retirement trust fund may be depleted in 2032, new trustees report finds
The trust fund Social Security relies on to help pay retirement benefits may run out in 2032, at which point 78% of benefits will be payable, according to the Social Security Administration's annual trustees report released on Tuesday. That projected depletion date is one year sooner than had been estimated last spring. The new projected depletion date follows the enactment of President Donald Trump's "big beautiful" tax law, which Social Security's chief actuary said in an August letter...
Trump’s DOGE team wanted to declare nearly 3 million living people dead to help drive out migrants, whistleblower claims
Trump’s DOGE team wanted to declare nearly 3 million living people dead to help drive out migrants, whistleblower claims ‘I was shocked. I couldn’t believe what I was hearing,’ the former Social Security Administration employee said - Bookmark - CommentsGo to comments President Donald Trump’s Department of Government Efficiency pushed to declare nearly 3 million living people dead as part of an effort to drive illegal immigrants out of the country, according to a new report. The plan, which...
Turning 65? Month-by-month plan to protect yourself
You have not turned 65 yet. But somewhere, your birthday may already be flagged in a database. That milestone is tied to Medicare eligibility, Social Security decisions and major financial choices.It can also put your name in front of insurance marketers, Medicare agents, lead generators and scammers around the same time.Here is the part many people miss: turning 65 can become a targeting event.
DHS approves plan to verify voter citizenship, monitor mail ballots as Trump push intensifies
The Department of Homeland Security (DHS) has approved a plan to help states verify that registered voters are U.S. citizens while also monitoring mail ballot flows for potential signs of voter fraud, advancing a central pillar of President Donald Trump’s election integrity agenda. The department approved the plan last Thursday, with the initiative expected to launch by the end of June, according to a court filing submitted Friday. Under the proposal, states would be permitted to submit...
Unemployment falls to 2.32 million in May as employment hits record 22.3 million
With the start of the summer season, the labour market picks up: unemployment falls by 36,323 people and social security gains almost 232,000 members, with hospitality leading job creation. The labour market improved again in May, a month traditionally marked by the start of hiring for the summer season. The number of people registered with public employment offices fell by 36,323 compared with April, to 2.32 million, the lowest figure for a month of May since 2007, according to data...
Unemployment falls to lowest since May 2007 as employment hits record high in Spain
The start of the summer season boosts the labour market: jobless total falls by 36,323, Social Security gains nearly 232,000 members, with hospitality driving job creation. The labour market improved again in May, a month traditionally marked by the start of hiring linked to the summer season. The number of people registered with employment offices fell by 36,323 compared with April, to 2.32 million, the lowest figure for a month of May since 2007, according to data published on Tuesday by...
US defence secretary compares Bolivia protests to government ‘overthrow’
US defence secretary compares Bolivia protests to government ‘overthrow’ The Trump administration has supported Bolivian President Rodrigo Paz after his electoral victory over the left-wing Movement for Socialism. The administration of United States President Donald Trump has issued a statement appearing to characterise the anti-government protests in Bolivia as an attempted coup against the country’s right-wing president. On Thursday, US Secretary of Defence Pete Hegseth posted on social...
Your senior parents are easier to impersonate than you are
Americans 60 and older filed 201,266 complaints with the FBI's Internet Crime Complaint Center in 2025 and reported $7.7 billion in losses, the highest total of any age group. The average loss for older victims was nearly $38,500, almost double the figure for younger filers. The Federal Trade Commission's December 2025 report to Congress estimated that the overall cost of fraud to older adults in 2024 ranged from $10.1 billion to $81.5 billion, depending on how underreporting is measured.
Your senior parents are easier to impersonate than you are
Americans 60 and older filed 201,266 complaints with the FBI's Internet Crime Complaint Center in 2025 and reported $7.7 billion in losses, the highest total of any age group. The average loss for older victims was nearly $38,500, almost double the figure for younger filers. The Federal Trade Commission's December 2025 report to Congress estimated that the overall cost of fraud to older adults in 2024 ranged from $10.1 billion to $81.5 billion, depending on how underreporting is measured.