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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..TSCL enthusiastically supports the CPI for Seniors Act since we believe it would go a long way in ensuring the retirement security seniors have earned and deserve. In the coming months, we will work tirelessly with Congressman Duncan to help build support for his critical new bill..Most Americans contribute 6.2 percent of every paycheck to Social Security, but due to the payroll tax cap, people earning more than 7,200 contribute nothing over that amount. Do you support legislation like the newly-introduced Social Security 2100 Act, which would extend the solvency of the program by requiring millionaires and billionaires to pay their fair share?.Virtually all low-income programs such as food stamps, rental assistance and Medicare Extra Help, come with complex eligibility rules and income restrictions that are tied to a percentage of the federal poverty level, such as 100%, 135% or 150%. If your income is right on the borderline, and you get a high COLA boost, that could potentially cause you to see trims to benefits from programs that have income restrictions. Some individuals might lose access to certain low-income benefits altogether because the COLA boosts their income over the limit..Alexandria, VMore than 90 percent of older Americans are likely to be making a secret Christmas wish for the New Year, says The Senior Citizens League. "That's to make ends meet," says TSCL Chairman, Ed Cates. A national survey conducted by TSCL earlier this year found that 98 percent of Social Security recipients participating reported the annual cost-of-living adjustment had increased their Social Security benefits by less than a month in 2014, but 92 percent said their monthly expenses had increased by more than "That disparity between COLAs and rising costs is the 'Grinch that's stealing Christmas' for millions of older Americans this year," Cates says..The CPI-E tends to grow about 0.25 percentage point more quickly than the CPI-W on average, but there can be wide differences between the two. For example, if the CPI-E were used to calculate the COLA it would be 1.2% in 2020, vs. 0.5% based on CPI-W data through March 201We had similar situation in 2016 and 2017 when the COLA was zero and 0.3%, respectively. The CPI-E would have yielded 0.6% instead of zero, and 1.5% instead of 0.3%. Those are not big differences, but like interest, compound over time. For anyone depending on Social Security for half of their income or more, every dollar makes a difference - and adding up over time may be enough to buy an extra week's worth of groceries..Public benefits counseling.But the promise of Medicare is in jeopardy today because some in Washington have misguided priorities. A proposal put forth by Congressman Paul Ryan that I was proud to vote against earlier this year, would end the Medicare guarantee by turning the traditional program into a handout for private insurance companies..table-1

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Food: The cost of food has been rising faster in recent years and food prices have easily outpaced overall inflation for many other types of goods. Among other senior spending categories, only prices for oil-based products and medical care have risen faster than food prices. The U.S. Department of Agriculture reports that meat prices, particularly beef and veal, are at record highs, and the USDA expects high prices for beef products through 201Poultry prices remain high but are falling. Try new recipes and plan menus. Use lower–cost cuts of meat and poultry and stretch your servings using less expensive sources of protein like beans, tofu, and high protein whole grains. Four chicken leg quarters that sell for under .49 per pound, for example, can yield 12 - one cup servings of home made chicken and whole grain rice soup, especially good made with white soup beans and fresh chopped mustard greens or endive. Freeze the extra and share with homebound friends..In the coming weeks, we will continue to advocate for the legislation in the Senate, where the bill now sits. We will post updates here in the Legislative News section of our website, and on our new page on Facebook..There are apparently also political and ideological reasons for the reluctance at this point to get the vaccine when one becomes available. According to one survey, attitudes were split along party lines. … Continued

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Rep. Tim Ryan has also supported Pascrell's plan to fire the board, citing constituents' calls about late bills, checks and holiday cards..The annual COLA is tied to the rise in inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers, maintained by the U.S. Bureau of Labor Statistics. Inflation has been at record lows in most of the seven years since 2009, averaging just 1.2 percent. In the decade prior to 2009, COLAs averaged more than 3 percent. And although low inflation can be helpful to younger wage earners and workers, "it's not always a boon for people receiving Social Security benefits," says Ed Cates, Chairman of TSCL..Even though the rate of inflation is dropping, a proposal that would switch to a more slowly-growing CPI to calculate COLA continues to be pushed by proponents on both sides. The Congressional Budget Office has estimated that the "chained" CPI would reduce the federal budget deficit by more than 0 billion in the first ten years. It would do so by cutting the growth in a host of federal benefit programs, including military retirement in addition to Social Security, as well as increasing revenues if used to index the tax code. … Continued