The automatic cost of living increase that Social Security beneficiaries are receiving is a result of soaring inflation, not a policy achievement enacted by President Biden.
Tag: Social Security (US)
-
Debt Limit Showdown Looms as White House Braces for a Divided Washington
G.O.P. threats to leverage the full faith and credit of the United States to force spending cuts have raised alarm about a debt showdown next year — and talks about how to head one off in the coming weeks.
-
Republicans Float Changes to Social Security and Medicare
Democrats have seized on Republican proposals to limit retirement benefits to galvanize voters ahead of the midterm elections.
-
Your Paycheck Next Year Will Be Affected by Inflation. Here’s How.
If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care.
-
An Uptick in Elder Poverty: A Blip, or a Sign of Things to Come?
Seniors didn’t fare as well through the pandemic as most. But longer-term trends aren’t moving in their favor either.