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 ...
Category: Issues
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 ...
Deficit Gets Worse, Social Security Cuts Get Attention
For most retirees the average Social Security benefit of $1,100 is their main source of income. But the sluggish economy has made the federal budget deficit, including that of Social Security, balloon more rapidly than ...
Social Security Disability Close To Insolvency
An intense battle over Social Security is brewing and TSCL is gearing up for major Congressional action. Recently retired Federal Reserve Chairman Alan Greenspan waded back into the fray to tell Congress “Our choices ri ...
Video: Not Keeping Up
Watch our public service video about the need for a fair Social Security COLA and spread the word! Please, share this video with your friends (use the "Share" button above or copy the URL into an email). ...
Video: Real Seniors, Real Concerns
Watch our new, nationally televised, Public Service Announcement called "Real Seniors, Real Concerns." Real seniors are telling the nation about the financial challenges they face in a new public service announcement ...
COLA Cuts Come Under Study
By Mary Johnson Now that our federal budget deficit is the only major economic indicator that’s roaring upward, Social Security benefits may be next to go through the wringer. The policy experts are quietly considering ...
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