Social Security’s in the news again as 2026 benefits rise and policy debates heat up on cost of living and funding. Old-age program in focus.
A growing number of Americans over 65 are working longer or returning to work due to financial pressures, longer life spans, and changing attitudes toward work. Stories from retirees illustrate a shift away from traditional retirement, with many finding purpose and activity in gig work or continued employment.
Republicans are tapping Trump turnout power while shaping a cost‑of‑living policy platform, aiming to avoid a pure referendum on the president. Democrats counter with a 10‑bill progressive agenda and restructuring of district maps, signaling a high‑stakes clash ahead of midterms and 2028 considerations.
Trust funds for Social Security and Medicare face depletion timelines in coming years, with Social Security’s Old-Age and Survivors Insurance projected to run dry by 2032 and Medicare’s hospital fund by 2033. Even after depletion, benefits are expected to continue at reduced levels, underscoring the political urgency to act; the next administration and Congress will decide how to shore up finances.