Press Release Khn Wins National Edward R Murrow Award For Excellence In Diversity Equity And InclusionNew Tool For Financially Insecure Seniors: EconomicCheckUp®.TSCL will continue to monitor the state of the trust funds especially for the DI program and our legislative team will advocate tirelessly for fair and responsible policy solutions in the months ahead. For updates, visit our new page on Facebook..A new analysis from The Senior Citizens League indicates that Social Security checks in 2019 are as much as 18 percent lower due to the impact of extremely low COLAs over the past ten years. From 2000 to 2010, COLAs routinely averaged 3 percent annually. People who have been receiving Social Security benefits since 2009, have only seen a COLA higher than 2.8 percent one time. … Continued
Grace SparksRaising the Retirement Age: People are living longer now, and gradually raising the retirement age would bring Social Security benefits in line with this new reality. This would close between 15 and 21 percent of the program's long-term shortfall. We would not support any proposal that would cut the benefits of today's beneficiaries.."People who have been receiving benefits for 12 years or longer have experienced an unprecedented series of extremely low cost-of-living adjustments," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. What's more those inflation adjustments do not account for rapidly rising Medicare Part B premiums that are increasing several times faster than the COLA. The situation is causing those with the lower Social Security benefits to see little growth in their net Social Security income after deduction of the Part B premium..According to the Administration on Aging, almost half of older women, age 75+ live alone. While transition to assisted living is a complex decision for which there are no simple or quick answers, your friend would be wise to start making plans now while she is able to think the issues through. Planning now will allow for unpressured time to research living options, financial costs, and locating the supports she may need to live independently. … Continued
