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43% of Older Households Face Higher Debt Costs as Fed Moves to Raise Interest Rates

Washington, DC) – The cost of borrowing will be getting more expensive for about 43 percent of older households who carry debt on consumer credit…

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Half of All Social Security Households May Pay Tax on Benefits

Washington, DC) –   Almost half of all households that receive Social Security benefits might pay taxes this year on a portion of their benefits,…

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Medicare Owes Beneficiaries A Refund

Washington, DC) – Medicare beneficiaries may have grounds to ask for a refund on a portion of their 2022 Part B premiums, according to The…

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Medicare Part B Premium Jumps 14.5% Biggest Increase Since 2016

Washington, DC) – A 14.5 percent jump in the Medicare Part B premiums for 2022 spells trouble ahead for beneficiaries wondering where the money will…

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5.9% COLA Welcome, Inflation Likely To Continue to Erode Social Security Buying Power in 2022

(Washington, DC) – Retired and disabled Social Security recipients are anxiously looking forward to the largest cost of living adjustment (COLA) since 1982, according to…

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Update: Social Security Benefits Lose 32 Percent of Buying Power

(Washington, DC) –  Consumer price index data through August 2021 indicates that the 2022 COLA will likely be about 6 percent.  But soaring inflation this…

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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…

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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,…

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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…

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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…

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