Category: Social Security

Social Security payments could be boosted by $2,400 a year under a bill currently being debated in Congress. Vermont Sen. Bernie Sanders and Oregon Rep. Peter DeFazio introduced the Social Security Expansion Act on June 9, which would increase Social Security payments by $200 per month for most recipients. The bill would raise Social Security…

Social Security has been the backbone of the U.S. retirement system for decades. As a result, many Americans who are now working look forward to the day when they may finally collect their Social Security benefits and unwind. It’s likely that in the future, Social Security will only cover a smaller fraction of the costs…