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 ...
Author Archives: georgette
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 ...
Legislative Update: Worry About Proposals to Cut Benefits Highest in Decade
By Daisy Brown, TSCL Legislative Liaison How have you fared through the past year of record inflation? Karen K. of FL recently told us, “My income has been stretched to the limit. I no longer have the little extra dol ...
Ask the Advisor: January/February 2023
Q: How Important Is Benefit Taxation to Social Security and Medicare Financing? A: The proceeds from the taxation of Social Security benefits are credited to the Social Security and Medicare Trust Funds and currentl ...
FAQ: Inflation Outlook for 2023
Q: Will Prices Come Down In 2023? A: Consumer price data through September of 2022 suggests that the rate of price increases gives no clear sign that inflation is abating yet. So far, there’s no indication that inflati ...
FAQ: Social Security’s Solvency
Q: Will the 8.7% COLA affect the solvency of Social Security? A: TSCL thinks it might. Since 1975, the Social Security Administration has automatically adjusted benefits annually based on inflation. Rarely have pric ...
Legislative Update: December 2022
By Daisy Brown, TSCL Legislative Liaison Q: What Does TSCL Support To Make Medicare And Social Security Benefits More Adequate? A: Keeping Medicare affordable while providing effective, high-quality care often tops TSC ...