Maine’s official poverty rate in 2024 was 10.6%, matching the U.S. rate, according to the Census Bureau.
Social Security
Posted inBusiness, Maine, News
Frances Perkins to be inducted into Maine Women’s Hall of Fame
The trailblazing public servant, social reformer and first woman to serve in the Cabinet of a U.S. president will be honored at a ceremony in March.
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Posted inBusiness, Maine, News
What are the Maine income tax brackets for 2025?
The thresholds for all three brackets have risen to keep pace with inflation.
Posted inBusiness, Maine, News
How a Maine couple gave their $1.3 million retirement savings to bitcoin scammers
Larry and Barbara Cook are risking public embarrassment to spare others from a similar trauma. In the process, they’re helping to rewrite federal and state income tax laws related to fraud losses.
Posted inMaine, Nation & World, News
Social Security recipients get a 2.8% cost-of-living boost in 2026, average of $56 per month
The Social Security cost-of-living increase will go up by 2.8% in 2026, which translates to an average increase of more than $56 for retirees every month.
Posted inMaine, News
A new scam is targeting Maine veterans — by postcard
The Maine Bureau of Veterans’ Services says the scam attempts to persuade veterans to enroll in a false savings program, soliciting personal and financial information in the process.
Posted inFact Brief, Maine, News
Did Maine net $12 billion in federal funding in 2023? | Fact brief
Thirty-one of the 50 states received more in federal funds than they paid in federal taxes, according to the most recently available data.
Posted inMaine, News
For many older Mainers, covering costs in retirement is a major challenge
Experts say there is a clear divide between people who can afford to live comfortably in retirement — and those whose tight budgets make it difficult to pay for basic needs like food and housing.
Posted inMaine, News
Social Security is ending paper checks. What does it mean for Maine recipients?
The Trump administration is phasing out paper checks starting next week, but those who haven’t switched to online payments will still be paid.
Posted inMaine, News, Politics
Former Social Security chief gives new reasons for brief cancellation of Maine birth registry contracts
Leland Dudek, the former acting SSA commissioner, told ProPublica that he intentionally undermined his own order to have the contracts rescinded.