Rising inflation and the price increases that come with it may lead to the highest raise for senior citizens in decades.
The Senior Citizens League predicted Thursday that the annual cost-of-living adjustment for 2022 Social Security payments could be the highest since 1983. The prediction comes as federal data this week showed two major signs of inflation, continuing a trend that has worsened this year.
“The estimate is significant because the COLA is based on the average of the July, August and September CPI data,” said Mary Johnson, a Social Security policy analyst for The Senior Citizens League. “With one third of the data needed to calculate the COLA already in, it increasingly appears that the COLA for 2022 will be the highest paid since 1983 when it was 7.4%.” Read More
Some Latino adults are concerned to get a COVID-19 vaccine because they might have to provide identification or are worried it could affect their immigration status, according to a poll released Thursday.
Of the total number of unvaccinated Latino adults who were polled, 39% said they were concerned about potential requirements to provide a government-issued ID or Social Security number to be vaccinated, according to the Kaiser Family Foundation Vaccine Monitor poll. And 35% of respondents expressed concerns that receiving the vaccine could negatively impact their own or a relative’s immigration status.
“Among unvaccinated Hispanic adults, those who are potentially undocumented, those without health insurance, and those with lower household incomes are more likely to express potential access-related barriers or immigration-related concerns to vaccination,” according to the Kaiser Family Foundation. Read More
President Donald Trump traveled to Fort Myers, Florida Friday to give a speech focusing on health care costs, Social Security and other issues that impact senior citizens. In his speech, the president sought to reassure elderly voters, who have borne the brunt of the coronavirus pandemic, that he cares about them, and is doing do everything he can to protect and defend them. Read More
Congressman Tom Emmer (R-MN-06), alongside Congressman Tim Walberg (R-MI-07), secured survivors benefits for homeschooled children. Prior to this, Minnesota and Michigan blocked homeschoolers over 17 and 18 respectively from attaining benefits. Read More
According to the Homeschool Legal Defense Association (HSLDA), both states were cutting off Social Security Administration (SSA) survivors benefits to homeschoolers due to “lack of proof” of their status as full-time students. In both states’ eyes, the students didn’t meet state compulsory education laws.
Our nation’s pension systems are in trouble. Underfunded with outsized promises to beneficiaries who are living longer, the death rattles of the defined benefit pension system, which promises a fixed amount of money per month for retirees, are now audible. Read More
Every year, the Office of the Inspector General (OIG) audits the Social Security Administration (SSA) and publishes its findings. Read More