The automatic cost of living increase that Social Security beneficiaries are receiving is a result of soaring inflation, not a policy achievement enacted by President Biden.
Category: Social Security (US)
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White House Deletes Tweet Crediting Biden With Social Security Increase
The New York Times – Business: -
Debt Limit Showdown Looms as White House Braces for a Divided Washington
The New York Times – Business:G.O.P. threats to leverage the full faith and credit of the United States to force spending cuts have raised alarm about a debt showdown next year — and talks about how to head one off in the coming weeks.
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Republicans Float Changes to Social Security and Medicare
The New York Times – Business:Democrats have seized on Republican proposals to limit retirement benefits to galvanize voters ahead of the midterm elections.
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Working While on Social Security: What to Know
The New York Times – Business:Collecting the retiree benefit while earning income gets complicated. Here are some key things to remember.
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Your Paycheck Next Year Will Be Affected by Inflation. Here’s How.
The New York Times – Business:If you get a raise, you may not end up in a higher tax bracket. But more of your income may be subject to Social Security taxes. And you’ll probably pay more for health care.
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An Uptick in Elder Poverty: A Blip, or a Sign of Things to Come?
The New York Times – Business:Seniors didn’t fare as well through the pandemic as most. But longer-term trends aren’t moving in their favor either.
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Why Social Security’s Inflation Protection Is Priceless
The New York Times – Business:Automatically adjusted lifetime income is rare and worth protecting, our columnist says.
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I’m Young. Should I Care About Social Security?
The New York Times – Business:One reason: You pay for it. And, despite what many Americans believe, it’s “definitely a misconception” that it will run out before you retire, experts say.
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2023 COLA Could Strain Social Security Program’s Solvency
The New York Times – Business:The Social Security Old-Age and Survivors Insurance Trust Fund could be depleted a year or two earlier than expected as a result of larger payouts.