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#Social Security Benefits

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theeastcountygazette.com

How to Increase Social Security Benefits by $3,895

There are millions of retirees in America who get social security benefits every month. As a senior citizen, you would want to live your life more comfortably. But that’s not possible when you’re running low on your retirement savings. That’s where Social security benefits bail you out every month. As...
PERSONAL FINANCE
benefitspro.com

2022 Social Security COLA could be as high as 6%

The annual cost-of-living adjustment, or COLA, for Social Security benefits in 2022 — usually announced in October — could be 6% to 6.1%, the highest since 1983, based on Tuesday’s Consumer Price Index announcement, according to Social Security and Medicare policy analyst Mary Johnson of The Senior Citizens League, who estimated the 2022 COLA would be 6.2% a month ago.
BUSINESS

Retirees Likely to Receive Significant Bump in Social Security Benefits in 2022

After several years of tepid cost-of-living increases, seniors are likely to get a significant raise in their Social Security benefits in 2022. The Kiplinger Letter is forecasting that the annual cost-of-living adjustment for Social Security benefits for 2022 will be 6%, the biggest jump since 1982, when benefits rose 7.4%. That would also be slightly lower than The Kiplinger Letter predicted in July.
BUSINESS
tnj.com

When to take Social Security benefits

Once upon a time — our parents’ time — Social Security was automatic: You reached age 65 and started collecting your monthly check. Today, dealing with Social Security involves making important decisions that will impact your income for the rest of your life. The most important choice you will make...
PERSONAL FINANCE
pahomepage.com

Senior expo returns after one year hiatus due to pandemic

HAZLE TOWNSHIP, LUZERNE COUNTY (WBRE/WYOU) — A popular expo for mature members of the community returned Thursday to the Hazleton area. It helps connects seniors with services they may not be aware of. “Did you do your rebates yet?” asks Representative Toohil. Renter and property owner rebate information is only...
HAZLETON, PA
Channel 3000

Retirees Could Get Their Biggest Social Security Raise in 40 Years

It looks like good news is on the way for people who receive Social Security benefits: Monthly checks are expected to get a historic boost in January 2022. Recipients are looking at between a 6.0% to 6.1% increase in their monthly payments, according to The Senior Citizens League (TSCL), a nonpartisan group that releases regular estimates of Social Security cost of living adjustments (COLA).
BUSINESS
news8000.com

Why Is Everyone so Worried About Social Security?

While many seniors rely heavily on Social Security to make ends meet, a large number of people have lost faith in the program. A good 73% of working Americans think Social Security won’t be there for them in retirement, according to the 21st Annual Transamerica Retirement Survey. But those who think that way may be blowing the current situation out of proportion.
PERSONAL FINANCE
profitabletrading.com

This Troubling Chart Show’s The Big Problem With Social Security

Imagine a boat that has sprung a leak. The damage to the hull can’t be repaired, so the vessel is constantly taking on water. It’s not a good situation. Fortunately, there are 20 able-bodied passengers aboard to help bail, keeping the ship afloat. But after a while, one of those...
BUSINESS
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