Former President Trump’s remarks about “cutting” Social Security has given a major opening to President Biden while underscoring how the entitlement program has become a third rail in politics. Trump in a CNBC interview said there was “a lot you can do in terms of entitlements, in terms of cutting.” His campaign quickly clarified that … Read more
Workers may have jobs where they pay into Social Security or earn pension benefits. When they have both, their Social Security benefits may be adjusted to reflect that. There’s growing support in Congress to either revise those rules or eliminate them altogether. Araya Doheny | Getty Images When Dave Bernstein, 87, started working at the … Read more
– By Sandeep Agrawal Innovation in digital technology and the rapid promulgation of high-speed internet and smart devices have transformed the global economy. Entrepreneurs have cashed in on the opportunity to build an online digital ecosystem that delivers services at your fingertips. However, the rise of the digital economy has also resulted in a physical … Read more
money in the cash register at Frankie’s Pizza on January 12, 2022 in Miami, Florida. The eatery’s co-owner, Renee Pasquarella, said the cost for everything needed to run the business — from cardboard boxes to pizza ingredients including cheese, tomatoes, meat — has gone up. She said that in the 67 years the pizza place … Read more
The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. But with inflation still far from its pre-pandemic levels, seniors and other recipients may be at risk of losing financial ground with the smaller adjustment, experts said. The … Read more
The specter of a federal government shutdown — which was averted Saturday thanks to a last-second compromise brokered by House Speaker Kevin McCarthy mere hours before the deadline — raised questions for Social Security recipients about how a potential stoppage could impact their monthly benefit checks. The bill, which passed both the House and Senate Saturday, … Read more
New inflation report sees numbers moving in seeming wrong directon Every October, the Social Security Administration announces its annual cost-of-living adjustment, a tweak to the monthly benefits of 71 million recipients that’s meant to keep them abreast with inflation. The upcoming benefit hike is likely to fall far short of the current year’s 8.7% increase, … Read more
About 23% of Americans over age 65 live in poverty, according to the Organization for Economic Co-operation and Development. That’s one of the highest shares among developed nations. U.S. Census data suggests a smaller share of the elderly are poor, and that old-age poverty nationwide has been falling. Experts say tweaks to Social Security benefits … Read more
Donald Trump’s place at the top of the polls for the 2024 Republican presidential nomination makes him a central figure in the policy debates among the other contenders. Following in Trump’s footsteps, Republican candidates have shifted their views toward favoring a tough trade-policy stance on China while embracing Trump’s 2017 tax cuts. Source link
When Vibeke Arentz and her husband, Jeff Kacirk, decided to move from the San Francisco Bay Area to the south of France four years ago, it was a chance for the couple to immerse themselves in a place that fascinated them. They have not been disappointed. “The culture, the history, the cuisine, the scenery, the … Read more