Legislation that would tie COLAs to an index that measures inflation experienced by older households, the Consumer Price Index for the Elderly, has recently been reintroduced. The CPI-E tends to grow more quickly that the CPI-W in most, but not every, year. "2021 is one of those times when gasoline prices soar and the CPI-W would yield the higher COLA," Johnson says. "If the COLA for 2022 were based on the CPI-E, we estimate it would be 5 percent compared to the 6.2 percent that we estimate for the CPI-W," Johnson notes. The Senior Citizens League works to protect and strengthen Social Security benefits and program financing..This unusual shift comes at a time when the number of Social Security beneficiaries starting retirement benefits has risen dramatically over the past decade. Since 2010, there has been a sizable 34% increase in the 65 and older population, those born between 1946 and 196The U.S. Census Bureau said in 2019 that "No other age group saw such a fast increase.".Eliminating the "cash cliff" that hits when a disabled beneficiary earns more than ,090 in any given month and is immediately cut off from benefits. The cash cliff serves as a workforce disincentive and could be addressed by simply adopting the method used in the retirement program, where monthly benefits are reduced by for every in earnings over ,310, thus providing an improved earning opportunity..As with Social Security and Medicare long-term viability, reducing the high costs of drugs is also at the top on TSCL's agenda this year. These are complicated problems but Congress must find a way to deal with them and TSCL will be fighting for you as these debates continue..Government economists not only changed the math, they changed the underlying concept of the consumer price index itself. While the CPI formerly measured price changes of a fixed market basket of items from one period to the next, today the Bureau of Labor Statistics uses formulas more consistent with a theoretical cost-of-living concept. And because it is theoretical, it uses estimates and produces data that is subject to two revisions.."Social Security Sees Slowdown in Retiree Rolls Amid COVID Deaths," Alexandre Tanzi, Bloomberg News, May 3, 202"U.S. Life Expectancy Drops A Year In Pandemic, Most Since WWII," Marilynn Marchione, Associated Press, February 17, 2021..And while Social Security benefits have flat-lined since 2010, retirees report that household expenses are still climbing - causing people to spend retirement savings more quickly and to go into debt. This year Social Security recipients received no COLA at all, but 73 percent of survey participants reported that their monthly expenses grew by more than over the past twelve months. Things aren't likely to improve soon. The Social Security Trust Fund trustees estimate that the COLA in 2017 will be just 0.2 percent - just .00 for ,000 in benefits..To see if your Members of Congress will be holding town hall meetings in the final days of the spring recess, click HERE or call their local offices. You can find contact information HERE..TSCL would like to thank the following for taking time out of their busy schedules to discuss issues of critical importance to seniors: Rep. Bill Posey, Rep. Joe Wilson, Rep. Mike Coffman, Sen. Marco Rubio, Cathy Hurwit ), Lauren Lattany to Rep. David Scott ), and J.R. Sanchez.

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As long as all other qualifications are met, and they have evidence of their earnings, like W2s, they may file a claim for Social Security benefits. Others who receive an SSN after 2004 must have work authorization to claim benefits. Yet even people who worked illegally for many years sometimes later change status. That can occur even without an amnesty, especially if the illegals have children who were born in this country. Because the children are born as U.S. citizens, when they become adults they can sponsor their parents to stay in the U.S. legally and to receive work authorization. If their parents kept W2s and evidence earnings, those work credits will be re-instated to their new SSNs. Once they receive work authorization, noncitizens can later file a claim for Social Security benefits..Since the start of the first CPI in 1940, the BLS has made changes to how it calculates price inflation - most recently announcing changes to how they collect price data. A new paper reports that the BLS has undertaken several pilot projects in an attempt to supplement and/or replace its traditional field collection of price data with "alternative sources." If that sounds suspicious, you have good reason to ask questions. The BLS Handbook of Methods lists more than 21 changes that economists have made to how they calculate the CPI since 198In most cases the so-called "improvements" tend to slow the measured rate of inflation. That means the growth in COLAs is cut and Social Security benefits grow more slowly over time. In short, this boils down to an erosion in the buying power of your Social Security benefits when, in reality, prices are actually going up..On Monday, the White House held its Conference on Aging, which occurs once every decade with the purpose of discussing and advancing initiatives that will improve the lives of older Americans. Several members of the Obama Administration were present at Monday's event, and President Obama himself gave remarks on the challenges facing seniors today. … Continued

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New TSCL Poll Should Medicare Be Changed?.Right now, there are immediate steps we can take to help build a sustainable path toward cheaper drugs for all Americans - and I'd like to highlight two recent bills that could increase transparency and competition as a part of this strategy..I have been investigating the skyrocketing prices of prescription drugs for some time. During my investigation, I have been contacted by a huge range of people - patients, doctors, hospitals, and other healthcare providers - all warning about massive price increases of certain medications. They gave me example, after example, of drug prices that have been jacked up repeatedly - with no apparent justification, and with no evident link to any increases in the costs of manufacturing these drugs. … Continued

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