(Washington, DC) – Sixty - five percent of retirees participating in a new survey by The Senior Citizens League (TSCL) report that their monthly household expenses in 2020 rose by more than $80. That includes 40 percent ...
Category: News
Retiree Tax Uncertainty Triples
(Washington, DC) – The percentage of retired households that expect to pay tax on their Social Security benefits has experienced a rare decline this tax season, but that appears to be due to a much higher level of uncert ...
Nearly Half of Retirees Say Their Savings Did Not Recover by End of 2020
Washington, DC) – How is the pandemic affecting retirement savings? Forty - eight percent of retirees with retirement accounts say that their savings have not recovered pre-pandemic levels, according to a new survey by ...
People Born In 1960 Face Permanent Social Security Benefit Reductions
Washington, DC) – About 4 million people who turn 61 this year could be facing a deep hit to their Social Security benefits when they retire, warns The Senior Citizens League (TSCL). “This is caused by a flaw in the Soc ...
Older Americans Agree On Five Ways to Strengthen Social Security and Medicare
Washington, DC) – Despite our nation’s recent partisan political divisions, two surveys by The Senior Citizens League (TSCL) found high levels of consensus on five proposals that would strengthen Social Security and Medi ...
How COVID-19 Affected Typical Retiree Costs in 2020 Seniors Need A Boost!
Washington, DC) – An eye - popping new list compiled by The Senior Citizens League (TSCL) indicates that, by late 2020, price increases for many of the expenditures of older Americans far outstripped the modest 1.3 perce ...
One-time Emergency 3% COLA Would Boost Average Social Security Benefits an Extra $398 Per Year Over Retirement
Washington, DC) – A one - time emergency 3 percent Social Security cost of living adjustment (COLA) would increase a $1,523 Social Security benefit by about $398 per year on average, over the course of a 25 year retirem ...
Two-Thirds of Older Households Spending More Than 24 Percent of Their Social Security Benefits on Healthcare
(Washington, DC) – Sixty - six percent of retirees report spending more than $375 a month on healthcare costs according to a recent survey by The Senior Citizens League (TSCL). “That figure is almost one quarter of the ...
Will Medicare’s Premium Increase Take Your Social Security COLA?
Washington, DC) – The Medicare Part B premium increase for 2021 may consume a significant portion of the annual Social Security cost-of-living adjustment (COLA) boost for most retirees, warns The Senior Citizens League ( ...
2021 Cost of Living Adjustment
(Washington, DC) – Social Security checks in 2020 are almost 20 percent lower than they otherwise would be, due to the long term impact of extremely low annual inflation adjustments, according to a new analysis from The ...
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