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Social Security Faces Strain Despite Payment Schedule Changes

3/5/2026

27 4 Full Breakdown

Summary

Story summary

In March 2026, the Social Security Administration (SSA) released a payment schedule based on birth dates.
The maximum earnings subject to Social Security taxes rose to $184,500.
Despite a 2.8% cost-of-living adjustment, the Old-Age and Survivors Insurance Trust Fund faces strain and may exhaust by 2032.
SSA Commissioner Frank J. Bisignano said the adjustment aims to align benefits with economic conditions.

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Story summary

In March 2026, the Social Security Administration (SSA) released a payment schedule based on birth dates.
The maximum earnings subject to Social Security taxes rose to $184,500.
Despite a 2.8% cost-of-living adjustment, the Old-Age and Survivors Insurance Trust Fund faces strain and may exhaust by 2032.
SSA Commissioner Frank J. Bisignano said the adjustment aims to align benefits with economic conditions.