By John Haldi The Notch refers to the one-time, precipitous and unprecedented drop in Social Security benefits paid to people born in 1917 and the years immediately thereafter. This drop in benefits resulted from the 1 ...
Category: Issues
Legislative Updates: COLA’s & Medicare Premiums
By Mike Watson, TSCL Legislative Assistant Over the past several months many different plans and ideas have surfaced to reduce the federal deficit, including what the government spends on Social Security and Medicare. ...
Legislative Update: Social Security Trust Funds
By Mike Watson, TSCL Legislative Assistant During our slow, arduous economic recovery that followed the financial crisis and recession of 2008 and 2009, many government programs, Social Security in particular, were stre ...
Legislative Update: September 2011
By Mike Watson, TSCL Legislative Assistant The Senior Citizens League (TSCL) often hears from seniors who, in their advanced age, have drawn down all of their assets and are relying solely on Social Security as their ...
COLAs & Medicare Remain on Deficit Reduction Cutting Table
Under growing pressure to reduce the federal deficit, the prospect of major Social Security and Medicare cuts is the greatest it’s been in almost three decades. The recent debt limit deal calls for a bipartisan committe ...
COLA Cuts “Easy Money”?
With deficit reduction negotiations running into the federal debt limit deadline, cost-of-living adjustment (COLA) cuts remain on a short list of dwindling options for Congressional leaders and the White House. With ...
Does The Social Security COLA Overpay Seniors? Deficit Cutters Say COLAs Need A “Trim”
Alexandria, VA (June 14, 2011) Cost-of-living-adjustments (COLAs) are "overpaying" Social Security recipients, and the government needs to switch to an "improved" method of measuring inflation that will give them a "smal ...
President’s Fiscal Commission Is Making The Case For Backdoor COLA Cuts
By Mary Johnson Your cost-of-living adjustment (COLA) “overpays” you. Yes, that is an outrageous statement — especially since you haven’t gotten a COLA boost for two years. Nevertheless, calling it “The Moment of Trut ...
Growth In Seniors Filing For Bankruptcy Outpaces Younger Americans
There’s been a remarkable increase in the number of bankruptcy petitions filed by seniors, age 50 and older, in recent years. And older filers are beginning to represent a larger percentage of those filing for bankruptc ...
Tighten Your Belts! Prices Hurtling Skyward
Housing, gasoline, food, healthcare — you name it, costs are taking some of the biggest jumps in years. In virtually every category, prices are on the way up at the very same time seniors are least prepared to handle th ...
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