Do you see piles of mail and unopened bills? Your friend's mail may be a clue to how well she is managing her finances. Do you see unopened bills that have post- marks older than 30 days? Have you spotted letters from banks, creditors or insurers referring to overdrawn balances and missing payments?.TSCL is working for legislation that would eliminate the one-time gain "means test," and supports efforts that would repeal determination of Medicare benefits based on income. To learn more, please visit..To be best prepared, jot down some questions for which you would like answers. Below are six sample questions feel free to take them with you and share them with others at your next town hall..insurers have hiked premiums so high that policyholders have been forced to drop.Lower than expected payroll tax revenues. Payroll taxes account for roughly 89% of Social Security's financing. But in 2020, businesses nationwide temporarily shuttered due to emergency stay at home orders. In addition, widespread layoffs, reductions in work hours, and job losses resulted in the collection of fewer payroll tax revenues. Emergency legislation that was passed last year allowed employers to even temporarily defer payment of Social Security payroll taxes until December of 2022 to help companies shore up cash flow and stay in business. While the job market is getting back on its feet again in 2021, unemployment is still higher than it was prior to the pandemic, and payroll tax revenue has not yet returned to pre-pandemic levels..So far both Congress and President Obama have been cool to the idea of restoring funding to Meals on Wheels. That could change if Members of Congress start hearing from their senior constituents. Do you know someone who is losing their Meals on Wheels due to budget cuts? Write a letter to the editor of your local paper!.The report stated that the four changes together would eliminate 113% of Social Security's projected long-term financing gap. The majority of participants, who included all income levels, and political party affiliations, preferred the package of changes. "This survey reflects similar findings to surveys conducted by TSCL," says TSCL's Executive Director Shannon Benton. We hope that this survey can serve as an outline for a plan to strengthen Social Security without having to rely on benefit cuts," she states. "We encourage our readers to share the findings of this study with your Members of Congress," Benton adds..The switch is insidious for that reason. But a.03 of a percentage point reduction can make a huge difference to what you receive in Social Security, especially as you get older. The following chart illustrates the impact over the first ten years on a married couple that receives ,500 per month in Social Security benefits today. After ten years the cut would reduce benefits by per month, and by nearly ,475 over that period..The move is undoubtedly an attempt to head off political fall-out from what is turning into a major issue with senior voters in 2014 - President Obama's broken promise, "If you like your health plan, you can keep your health plan." According to a recent TSCL poll, 58% of seniors say that they are worried that their health plan could be cancelled this year. Seniors aren't the only ones who are worried - so are Members of Congress - from both sides of the aisle.
