AARP Puerto Rico

For most of us, Social Security is – or will be -- essential for helping to cover daily living expenses and pay bills as we get older. The bottom line is that Social Security is your money, earned through a lifetime of hard work. Yet there are persistent misconceptions about its long-term financial stability and how it works. Here are facts behind five of the most stubborn Social Security myths.Myth #1: Social Security is going broke. The facts: Social Security will not run out of money, as long as workers and employers continue to pay payroll taxes. It’s a pay-as-you-go system: Revenue coming in from payroll taxes largely covers the payments going out. But Social Security does face longer-term funding challenges. For decades it collected more than it paid out, building a surplus that stood at $2.83 trillion at the end of 2022. But the system is starting to pay out more than it takes in, largely because the retiree population is growing faster than the working population and is living longer. Without changes in how Social Security is financed, the surplus is projected to run out in 2034, according to the latest annual report from the program’s trustees. Even then, Social Security will still be able to pay benefits from incoming payroll tax revenue. But it will only be enough to pay about 80% percent of scheduled benefits, according to the latest estimate. If Congress doesn’t take action in the next 10 years to protect and save Social Security, your Social Security could be cut by 20%—an average of $4,000 a year. The last time Congress took major action to shore up Social Security’s nearly depleted reserves was 1983.

A Long History of Connecting Montanans with Resources and With Each Other.

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Have questions about the latest IRS tax changes? Wondering how property taxes are calculated?

Informe de AARP New York sobre el cuidado familiar identifica estrés entre los cuidadores y responsabilidades cada vez mayores, mientras que los servicios para los adultos mayores continúan subfinanciados por el estado

AARP New York Report on Family Caregiving Finds Mounting Responsibilities, Stresses as State Funding for Aging Services Lags

Here's what to know, whether you're a resident who's working or retired, or if you're considering a move to Indiana.

March is Women’s History Month — a time to focus not just on the past, but also on the challenges women continue to face in the 21st century. At Social Security, we provide vital benefits and financial protection for women.

The classes are free, but registration is required. To sign up for any of these courses, visit: aarp.org/wyevents and search “Healthy Food.” You will need to sign up for each event separately that you wish to attend.

English| Ella es la Diferencia: California es una encuesta estatal que explora las prioridades y preocupaciones de las mujeres votantes mayores de 40 años.