Did you know there is a way for the U.S. government to pay you an annual income in retirement of nearly $55,000? Here's what you can do to get this Social Security benefit.
Ahead of an upcoming meeting with President Joe Biden over the debt ceiling, House Speaker Kevin McCarthy said Sunday that the cuts for Medicare and Social Security were "off the table."
Social Security benefits will be getting a boost, which means many beneficiaries are eligible for additional financial assistance programs such as Medicare and SNAP benefits or food stamps.
Social Security payments can be distributed in different ways, including in the form of a debit card or by a Social Security direct deposit into their bank account.
Around 65 million Americans receive Social Security checks, with the first round of Social Security checks disbursed this week for the month of August.
The Social Security trust fund, which most Americans are relying on for their retirement, would run out of money in a span of 12 years, a year earlier than expected.