News

Dining On A Social Security Budget.Usually during economic downturns many older workers are forced into retirement when they lose jobs. While the pandemic may have caused more to retire earlier than planned, deaths removed hundreds of thousands of beneficiaries from Social Security rolls. In fact, life expectancy plunged by a full year in the first half of 2020, from 78.8 years to 77.8 years, the biggest drop since World War II.."… Recently, our offices have received a significant increase in complaints from constituents who have gone weeks without receiving mail, similar to the surge of complaints we received last summer in the wake of USPS cuts and policy changes. These delays have had significant harmful impacts on the lives of our constituents. Because of these delays, our constituents have received bills after the dates on which payments were due or their payments were never received, and they have been forced to pay late fees..Attention deficit disorder is not just a condition affecting kids - it's often triggered by aging. When I was younger, my mother used to discover her eyeglasses in the fridge, but not too long ago I found mine there. Recently I attended a "Science of Willpower" workshop offered by our local Osher School of Lifelong Learning in Charlottesville, Virginia. There, I learned about the new epidemic of "age activated attention disorder" and received some good advice for helping us "hold that thought." Here's how the condition is described:."Medicare And The Federal Budget, Comparison of Medicare Provisions," Kaiser Family Foundation, March 2013..Wednesday's report also revealed a new projection for next year's Social Security cost-of-living adjustment. According to the Consumer Price Index for Urban Wage Earners, consumer prices have been lower this year than they were last year, which means there will likely be no COLA come January. Automatic COLAs were adopted forty years ago and so far, beneficiaries have gone without annual increases only twice in 2010 and 2011..that a new prescription is your best option, check your drug plan coverage and.A new analysis by The Senior Citizens League, one of the nation's largest nonpartisan seniors groups, indicates that changes the government has already made in the late 1990s to how it calculates the CPI have resulted in cutting the Social Security benefits of today's seniors by about 7 percent since 2000. Social Security recipients, who retired with average monthly benefits of about 6 in 2000, lost 7 this year alone, and about ,293 in COLA growth over the past twelve years. According to the analysis, the CPI changes that became effective by 2000 will cut more than ,000 of Social Security income from individuals who retired with average benefits over a 25-year retirement. "Chaining the COLA would further deepen the loss of benefits," says Larry Hyland, Chairman of TSC.I take my checkbook off the table, and see that there is only 1 check left.