AMAC Foundation

Definition Time: “Wage Indexing” and How it Works

Yesterday’s headline post on this site discussed a paper by AEI senior fellow Andy Biggs identifying “wage indexing” as a key culprit in Social Security’s long-term funding problem. As our post pointed out, wage indexing is the process of using…

Paper checks slated to cease in a few months

The roughly half million Social Security beneficiaries still receiving paper checks will be required to convert to an alternative by September 30 to comply with President Trump’s Executive Order (EO) 14247. The Executive Order, titled “Modernizing Payments To and From…

Social Security Insolvency and the Math Behnd It

A few weeks ago, the Social Security Board of Trustees issued its annual report on the program’s financial status at the end of 2024. As expected, it wasn’t good news. It signaled the loss of another year before the program’s…

Never Worked? You May Still Be Eligible for a Social Security Benefit.

There are circumstances when someone that never worked may still be eligible for a Social Security benefit. The most common one is a spousal benefit (ex-spousal benefits if married at least 10 years). You can receive a Social Security benefit…

Social Security Increases Repayment Amount on Overpayments

If you find yourself being overpaid by Social Security, you may have to pay it back. These overpayments will start being withheld around July 24, 2025. If you received an overpayment notice issued on April 25, 2025, Social Security will…

Social Security for the Military

Some special circumstances affect Veterans and Military members when they apply for their Social Security benefits. Depending on the years you served in the Military, special additional credits may have been added to your benefit. There are also different standards…

What happened to President Trump Eliminating Taxes on Social Security?

Following its passage in the Senate, H.R. 1 (the “One Big Beautiful Bill Act”)provides a larger standard deduction for seniors 65 and older. According to a post on whitehouse.gov, it is estimated that the “bonus” deduction will result in 88%…

Determining the 2026 Cost of Living Adjustment

COLA is determined each year since 1975, when automatic COLA determination began. It is based on the third quarter of the current year compared to the prior year’s third quarter, July, August, and September. The government uses the Consumer Price…

Social Security Full Retirement Age May Be Raised Again

Once again, the lawmakers must make changes to Social Security to prevent benefit cuts. Amongst the changes being considered is raising the full retirement age (FRA). It could affect the amount of your monthly payment and make you work longer.…

July 2025 Social Security Payment Schedule

It’s time for the July 2025 payments to be released. The payments for SSI will be paid on the first of July, and payments that are a combination of SSI and SSDI will be paid on the third of July.…

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