(Washington, DC) – Consumer price index data through August 2021 indicates that the 2022 COLA will likely be about 6 percent. But soaring inflation this year has deeply eroded the buying power of Social Security benefi ...
Category: News
Are You Spending Too Much on Your Medicare Coverage?
(Washington, DC) – An estimated 39 million Medicare beneficiaries spend up to 29 percent of their Social Security benefits on healthcare costs, according to a new survey by The Senior Citizens League (TSCL). “That’s a h ...
2022 Social Security COLA Likely to be 6 to 6.1%
(Washington, DC) – Social Security recipients are likely to get an annual cost of living adjustment (COLA) of 6 to a 6.1 percent in 2022, according to The Senior Citizens League (TSCL). The COLA that becomes payable in ...
Older Consumers Report Food as Fastest Growing Cost in 2021
(Washington, DC) – As inflation continues to steeply increase prices, older consumers are reporting that food has been the fastest growing category of their household budgets so far this year, according to a new survey b ...
Update: Social Security COLA For Next Year Could Be 6.2%
(Washington, DC) – The annual Social Security cost - of - living adjustment (COLA) could be 6.2 percent next year — the highest in almost four decades according to a new estimate from The Senior Citizens League (TSCL). ...
Congressional Inaction Could Cost Thousands in Social Security, Says New Analysis From The Senior Citizens League
(Washington, DC) – An estimated 4 million people who were born in 1960 face lower Social Security benefits caused by the COVID-19 caused recession and high unemployment, warns The Senior Citizens League (TSCL). “A flawe ...
The “Medicare Tax” That Never Made It To The Medicare Trust Fund
(Washington, DC) – A controversial “Medicare” tax on net investment income that was signed into law shortly after passage of the 2010 Affordable Care Act is expected to once again come under debate according to The Senio ...
88 Percent Of Older Adults Want Medicare To Negotiate Drug Prices
(Washington, DC) – Older Americans overwhelmingly support legislation that would allow Medicare to negotiate prescription drug prices, according to a new survey by The Senior Citizens League (TSCL). The online survey, w ...
Social Security Buying Power
(Washington, DC) – An abrupt jump in inflation in February and March wiped out a temporary improvement in the buying power of Social Security benefits, according to a new study released today by The Senior Citizens Leagu ...
62% of Retirees Think Social Security COLA Needs a Minimum Guarantee of 3%
(Washington, DC) – More than 62 percent of retirees think that Social Security cost of living adjustments (COLA) need a guaranteed minimum, according to a new survey by The Senior Citizens League (TSCL). In January of t ...
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