(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 ...
Category: Press Releases
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 ...
Retirees Spent Less on Healthcare Costs in 2020
(Washington, DC) – Although older Americans have been the most at risk of dying from COVID-19, the pandemic has resulted in a rare drop in healthcare spending for this group in 2020, according to a new survey by The Sen ...
63 Percent of Retirees Say Social Security COLA in 2021 Increased Benefit by Less Than $15
(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 ...
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 ...
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