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NEWS

3 Reasons to Claim Social Security at 62 — Even With a Smaller Benefit

August 17, 2026 - by 5minstory - Leave a Comment

  Despite the reduction in benefits, an early claim could make sense. If you search the internet for Social Security claiming strategies, you’ll probably see that many of them emphasize …

3 Reasons to Claim Social Security at 62 — Even With a Smaller Benefit Read More
NEWS

Social Security is on track to pay only 78% of benefits starting in 2032 if Congress doesn’t act

August 17, 2026 - by 5minstory - Leave a Comment

  The trust funds backing Social Security face increased pressure, partly due to last year’s One Big Beautiful Bill Act Social Security’s trust fund is expected to run out of …

Social Security is on track to pay only 78% of benefits starting in 2032 if Congress doesn’t act Read More
NEWS

Delaying Social Security Until 70 Could Mean Giving Up $158,000 — Is the Bigger Check Worth It?

August 17, 2026 - by 5minstory - Leave a Comment

  The choice sits inside every retirement plan, and the headline number, roughly $158,000 in skipped checks between 62 and 70, is the price of admission for the larger benefit …

Delaying Social Security Until 70 Could Mean Giving Up $158,000 — Is the Bigger Check Worth It? Read More
NEWS

Social Security is 91 today. Warnings grow that time is running out to save it.

August 17, 2026 - by 5minstory - Leave a Comment

  Without action from Congress, the fund that pays retirement and survivor benefits could run dry in late 2032 — triggering a 22% cut in payments. Ninety-one years ago today, …

Social Security is 91 today. Warnings grow that time is running out to save it. Read More
NEWS

Social Security’s 3.6% COLA Bump Could Push the Program Toward a Funding Crisis

August 16, 2026 - by 5minstory - Leave a Comment

  The good news for Social Security recipients is that they appear to be on pace for a respectable 3.6% increase in their benefits early next year. The bad news is that …

Social Security’s 3.6% COLA Bump Could Push the Program Toward a Funding Crisis Read More
NEWS

The Average Retiree Household Spends $5,119 a Month. Social Security Covers $2,081. Here’s What Closes the Gap.

August 16, 2026 - by 5minstory - Leave a Comment

  Households headed by someone age 65 or older spent an average of $61,432 in 2024, according to the Bureau of Labor Statistics Consumer Expenditure Survey. That works out to …

The Average Retiree Household Spends $5,119 a Month. Social Security Covers $2,081. Here’s What Closes the Gap. Read More
NEWS

Social Security Checks Are Going Out This Week — Here’s Who Gets Paid August 19

August 16, 2026August 16, 2026 - by 5minstory - Leave a Comment

  Find out when you can expect your 2026 Social Security payments and the date you get paid when your scheduled day falls on a holiday. Understanding when your Social …

Social Security Checks Are Going Out This Week — Here’s Who Gets Paid August 19 Read More
NEWS

Social Security recipients will get more money next year. Here’s how much the COLA may boost benefits.

August 16, 2026 - by 5minstory - Leave a Comment

  New inflation data released this past week suggests seniors will see a bigger bump in their Social Security checks next year. The annual cost-of-living adjustment, or COLA, is projected …

Social Security recipients will get more money next year. Here’s how much the COLA may boost benefits. Read More
NEWS

Social Security’s Biggest Problem Is Getting Harder to Ignore — Here’s What Could Happen Next

August 15, 2026 - by 5minstory - Leave a Comment

  For many of the nearly 55 million retired workers currently receiving a Social Security benefit, this income isn’t a luxury. A quarter-century of annual surveys by Gallup shows that …

Social Security’s Biggest Problem Is Getting Harder to Ignore — Here’s What Could Happen Next Read More
NEWS

Social Security Is in Dire Straits, Thanks in Part to President Donald Trump, but Taxing the Rich Won’t Fix the Problem

August 15, 2026 - by 5minstory - Leave a Comment

For many of the nearly 55 million retired workers currently receiving a Social Security benefit, this income isn’t a luxury. A quarter-century of annual surveys by Gallup shows that up …

Social Security Is in Dire Straits, Thanks in Part to President Donald Trump, but Taxing the Rich Won’t Fix the Problem Read More

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Recent Posts

  • Social Security is celebrating its 91st birthday. It won’t live to 100, watchdog warns
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