One of the most frequent questions that TSCL receives in our meetings with Members of Congress and from news outlets is “How has inflation impacted older households?” To find out, we posed the following question to over ...
Author Archives: georgette
Legislative Update: Inflation Is Coming Down. But Will There Be A COLA Next Year?
By Daisy Brown, TSCL Legislative Liaison It’s been two years since prices started a stratospheric climb in 2021 at a pace that hasn’t been seen in more than 40 years. Although Social Security recipients rece ...
Benefit Bulletin: Another Way Your Social Security Benefits Lose Buying Power: The Tax Bite
Edward Cates, Chairman of the Board, TSCL It’s one of our biggest pet peeves, and a lot of you share it — the taxation of our Social Security benefits. In fact, 57% of participants in recent TSCL surveys report that t ...
Medicare Beneficiaries and Taxpayers Are Getting Ripped Off, And Our Government Lets Too Many Get Away With It
Waste, fraud, and abuse is estimated to have cost Medicare $47 billion in 2022 according to a report from the U.S Government Accountability Office. That’s an astonishing $721 for every Medicare beneficiary. Since benefic ...
Are Social Security Benefit Cuts Coming?
The chance of problems affecting the timely funding of Social Security benefits appears to be growing this year. The Republican majority in the House pushed through a new set of rules which would make it harder to raise ...
Inflation Is Coming Down, But Will You “Catch Up?”
By Mary Johnson, Editor Some financial experts theorize that retirees can look forward to an improvement in buying power this year. As the rate of inflation falls, that should mean the buying power of Social Security ...
Showdown Over Social Security and Medicare?
By Mary Johnson, Editor Concern is growing that Social Security benefits could be affected by negotiations over lifting the federal debt limit later this year. Sound familiar? Many of you have heard it before. The str ...
Number of Seniors Living in Poverty Grows
According to new data from the U.S. Census Bureau, the poverty rate among older Americans grew during 2020 to 2021. Seniors were the only age group to experience an increase in poverty. The share of older adults in the U ...
How Much Will Healthcare Costs Be in 2023?
Older Americans can look forward to a few modest wins on reducing healthcare costs this year. Congress enacted legislation that lowers some prescription drug costs, particularly a $35 per month, per insulin prescription ...
Benefit Bulletin: How Inflation Is Taking a Toll on Older Americans
Edward Cates, Chairman of the Board, TSCL Your participation in our online surveys drew widespread attention in 2022. Journalists used the findings of our surveys to publicize our growing concern that inflation has pu ...
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