David Chen is a public policy correspondent for Wealtoro, specializing in U.S. fiscal policy, social insurance programs, and their impact on the national economy. He reports from Washington, D.C. on legislative efforts affecting retirement and healthcare systems.
Amid projections of a funding shortfall by the mid-2030s, the U.S. is debating raising the Social Security full retirement age beyond 67, sparking a national conversation on the future of retirement.
The Social Security Administration is ending paper check payments on September 30, 2025, requiring over 500,000 recipients to switch to an electronic method.
New government reports project Social Security and Medicare trust funds will be depleted in the 2030s, potentially forcing benefit cuts without legislative action.
The head of the Social Security Administration confirmed that raising the retirement age is being considered to address a projected 2034 funding shortfall.
The U.S. housing market is experiencing a significant slowdown as mortgage rates reach two-decade highs, curbing buyer demand and slowing home price growth.
Early projections for the 2026 Social Security COLA suggest a 2.7% increase, adding about $54 to the average check. However, rising Medicare premiums may cut this gain.
The White House is considering raising the Social Security retirement age among other options to prevent the program's projected insolvency by 2034.
The White House is considering raising the Social Security retirement age to prevent the program's trust funds from becoming depleted, a possibility by 2034.