Why Social Security's next cost-of-living hike could hurt seniors
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
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The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Disability applicants often turn to Social Security early retirement benefits — even though it could cost them tens of thousands of dollars in future income, lawyers say.
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
Americans "have to change their thinking" about the government benefits program to get the most out of it, one expert says.
House Republicans who may regain majority in midterm elections say "miracle" of longer lives necessitates raising retirement age.
People can now change their sex marker on their Social Security number record without sex designation documentation.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
Each year, seniors and others on Social Security receive a cost-of-living adjustment. Next year, they'll see an 8.7% hike.
Some older Americans are cutting back on food, medicine and other basics. An annual Social Security bump may not be enough.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
Annual cost-of-living bump could be biggest since 1981, but may be smaller than many had hoped amid stubbornly high inflation.
Consumer prices are cooling but remain near 40-year highs, leading experts to predict a big benefits bump in January.
About half of all senior men and women living alone are either in poverty or struggle to afford essentials.
June inflation was higher than expected, at 9.1%. That could set up seniors for the biggest payment boost since 1981.
Seniors are on track for the biggest cost-of-living adjustment in four decades, according to a new analysis.
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
A cost-of-living adjustment of 8% would be the highest for Social Security beneficiaries since 1981.
Seniors are struggling after a cost-of-living adjustment last year failed to keep up with surging inflation.
The agency is "committed to reducing barriers and ensuring the fair treatment of the LGBTQ+ community," an official said.
It's the biggest increase in almost 40 years, and it comes as inflation is eating away at seniors' buying power.
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Annual benefit hike could top 6% due to fast-rising inflation. But retirees would have to wait until 2022 to see it.
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After asking about the delay, lawmakers say the Social Security Administration sent payment data to the IRS on Thursday.
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An extradition hearing has been set for Tuesday for the Wisconsin woman who stabbed a classmate to please the fictional horror character Slender Man, after she escaped a group home in Madison over the weekend, and was arrested in Illinois.