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social security (united states)

Treasury reveals how to sign up for Trump Accounts on new app

(The Center Square) – The U.S. Department of the Treasury announced the launch of the Trump Accounts app Thursday, kicking off the registration process for citizens and permanent residents to enroll their children in the tax-advantaged investment accounts. Trump Accounts will function similarly to individual retirement accounts, where no

Government spending on seniors' benefits soon to make up majority of federal budget

(The Center Square) – More than half of the federal budget will go toward benefits for Americans 65 years and older by 2036, and that percentage is set to only grow, a recent congressional report finds. The Joint Economic Committee’s 2026 report shows that non-interest federal spending on Social

‘Everything Has Gone Up’: Retirees Feel Burdened by Inflation as Home Insurance Costs Surge | Insurify

Despite their reputation as a financially privileged generation, millions of baby boomers are slipping through significant cracks in the U.S. retirement system. A new source of financial strain on retiree budgets is homeowners insurance premiums, which have skyrocketed by 20% between 2021 and 2023. Between 2024 and 2030, 30.

Advocates call on tax reform to reduce national debt

(The Center Square) - Advocates called on lawmakers to redesign the United States’ tax system on Thursday in order to address the rising national debt. The national debt surpassed $39 trillion in March 2026, the highest ever recorded in United States history. A group of financial advocates spoke to members of

Social Security’s trust funds: asset, accounting tool or debt?

(The Center Square) – While many policy experts agree Social Security faces long-term financing challenges, they often disagree on a core part of the program’s funding, as discussed by tax and budget analysts Wednesday at the Cato Institute. The institute hosted analysts from the Urban-Brookings Tax Policy Center

Tax hikes alone won't fully address US debt, report finds

(The Center Square) – No tax proposal before Congress would be sufficient on its own to put the federal debt on a sustainable long-term path, according to a new report from the Tax Foundation that finds spending on programs such as Social Security and Medicare is projected to outpace revenues

Lawmakers, auditors offer fraud prevention solutions

(The Center Square) – Lawmakers and auditors called on the federal government to implement legislation preventing fraud in programs run by the state. The U.S. House Oversight Subcommittee on Government Operations held a hearing on Wednesday to examine fraud in federally funded programs managed by states. U.S. Rep. Jeff