WASHINGTON, Oct 22- The U.S. government will increase benefits for the swelling ranks of American retirees by 1.7 percent next year, the Social Security Administration said on Wednesday. The cap on earnings subject to Social Security taxes will also rise in January, based on the increase in average wages, the administration said. Workers will pay Social Security...» Read More
A new study found that Americans support increases in payroll taxes and taxing higher incomes for Social Security, but want minimum benefits and cost-of-living adjustments to be increased too.
CNBC's John Harwood reports House Republicans are going to propose to extend the debt limit until April 15; and Max Richtman, National Committee to Preserve Medicare; and Bill George, Harvard Business School professor, debate whether eligibility for these programs should be raised to age 70.
What happens if the U.S. does not get the spending cuts, and where is the U.S. economy headed in the next 10 years? Alan Simpson of the Fix the Debt Campaign, provides perspective.
CNBC's Eamon Javers explains why the agency needs more money.
Peter Keith, Piper Jaffray analyst, explains how the payroll tax is impacting Americans' income.
CNBC's Eamon Javers explains why Social Security needs more of your money.
The Social Security Administration has taken back a reprimand it gave to an employee who was written up for "passing gas and releasing an unpleasant odor" that created a "hostile work environment."
Would you consider this a hostile work environment: The Social Security Administration reprimanded an employee whose co-workers said he continuously passed gas.
"Social security is the best-funded government program," says David Cay Johnston, a pulitzer prize-winning reporter and author of several books on corporate and government policies.
Bill Frezza, Competitive Enterprise Institute fellow, explains how the rise in single family households will eventually impact entitlement programs such as Social Security and Medicare.
Looking for a second career--or a new one? Here are six jobs to ride America's "age wave."
Many over-40 workers — the Generation X and baby boomer generations — are plotting their career options as they bear down on retirement age.
If you're a Baby Boomer, the biggest challenge in looking for work may come with reimagining your career. You don't have to completely reinvent yourself, but you may have to adapt to a new environment.
The White House spokesperson Jay Carney says social security reforms are considered to be on a separate track from fiscal cliff discussions, reports CNBC's John Harwood.
To help mitigate the risk that inflation can introduce to a portfolio, you need to be on the defensive. Even modest inflation can erode your retirement savings. Here's how.
CNBC's Jim Cramer speaks to NBC's Matt Lauer about the compromise lawmakers have to make in order to avoid going over the fiscal cliff.
If we do not get our economy in order, what could happen to America? Debt Commission co-chairs Alan Simpson and Erskine Bowles, offer insight. "Absolutely, the U.S. could go bankrupt," says Bowles.
Debt Commission co-chairs Alan Simpson and Erskine Bowles, discuss the impact going over the fiscal cliff could have in next year's economy.
Debt Commission co-chairs Alan Simpson and Erskine Bowles, discuss tax rates, spending cuts, and how likely it is that cuts in health care could occur.
Financial reform proposals for Social Security are in two major deficit reduction packages, as well as on a number of mental lists of major players.