Millions of retirees on Social Security will get a 5.9 percent boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic.
Tag Archive | "Social Security"
Social Security Insolvency Up A Year Due To COVID Recession
Posted on 02 September 2021.
The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare’s exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation’s bedrock retirement programs.
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Birthday Milestones That Can Affect Your Finances
Posted on 11 August 2021.
You hit a lot of milestone birthdays when you’re young. There’s your first birthday, of course, and also the one where you turn 10 (finally, double digits!). At 13, you’re a teenager.
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Smart Strategies To Fight Back Against Inflation
Posted on 21 July 2021.
Few economists predict we’ll return to the double-digit price increases of the late 1970s and early 1980s . But knowing some of the ways consumers coped back then can help you formulate a plan to deal with rising prices.
Posted in Retirement, Your MoneyComments (0)
Life Expectancy: Underestimation Risks Financial Security
Posted on 09 March 2021.
Social Security’s life expectancy calculator predicts I’ll live to about 86. An insurance company’s version says I should expect to die at 98.
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Social (Security) Distancing: Trump Scheme Harms The Entitlement
Posted on 01 September 2020.
On Aug. 14, Social Security celebrated its 85th birthday. Instead of enjoying the celebration, the program had to deal with an Executive Order from Donald Trump which instructed the IRS to stop collecting the payroll contributions that fund the program.
Posted in Pushback, Your MoneyComments (1)