Slideshow Health Spending Trends SlideshowThe "Notch" refers to a disparity in benefits that resulted when Congress changed the Social Security benefit formula in 197The changes affected seniors who became entitled to Social Security just two years later. The group born from 1917 through 1926 are known as "Notch Babies" because they receive lower Social Security benefits than other individuals with similar earnings histories..The study examined the increase in costs of 39 key items between 2000 and January 201The items were chosen because they are typical of the costs of most Social Security recipients, and include expenditures like the Medicare Part B premium, that are not measured by the index currently used to calculate the COLA. Of the 39 items analyzed, 25 exceeded the percentage of increase in the COLA over the same period. "This study illustrates why legislation is needed to provide a more fair and adequate COLA," Johnson says. "To put it in perspective, the same 0 worth of groceries that a retiree household could buy in 2000, can only buy worth today," Johnson adds..He purchased it on his first trip to the dealership after receiving an offer in the mail of payments of a month. Instead of a payment that low, though, he wound up owing 0+ a month for five years. His auto loan charges 18% interest. My brother couldn't pass a credit check from a legitimate lender. He's had numerous problems with debt collectors over the years, although he and his wife still own their home with no mortgage now. Do you have any advice? … Continued
Teens Most At Risk From Stress Due To PandemicThe following reflects the views of the writer and are not necessarily those of The Senior Citizens League..In an effort to stimulate the economy, President Obama has once again called for an extension of the Social Security payroll tax cut, which was enacted in December of last year..I'm diabetic and get my blood testing supplies via mail order. When I called to order my next shipment I was told I would have to pay the full cost of supplies and my credit card was charged. I thought Medicare covered the cost. … Continued