The acting Social Security commissioner says the increase in benefits – estimated at $59 per month on average – ‘will help millions of people keep up with expenses.’
Social Security
Posted inBusiness, Nation & World
Social Security cost-of-living adjustment coming – but it won’t be as big as this year’s
Social Security’s cost-of-living increase for 2024 will be announced Thursday.
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Posted inLocal & State, Maine Crime, News
One face, two identities: The story of Napoleon Gonzalez
The Etna man, who says he once served time for faking his own death, was convicted last month of several counts of fraud for using his dead brother’s identity for more than half a century. This is how officials caught up with him.
Posted inLocal & State, News
New law will put more dollars into pockets of older, low-income Mainers
About 19,000 Maine residents over 65, many of them low-income women living alone, will be made eligible for the program under the new law.
Posted inNation & World, News, Politics
Social Security boost seen as unlikely to help Dems at polls
Voters have ranked the economy as a higher priority than Social Security, with 71% of U.S. adults telling Pew Research Center in January that strengthening the economy was a top priority for the president.
Posted inNation & World, News
Social Security increase will help millions of kids, too
It’s not just older people who will get what’s expected to be the largest cost-of-living adjustment in Social Security benefits in 40 years.
Posted inBusiness, Nation & World
Stock market slump unsettling Americans eyeing retirement
Many soon-to-be retirees are also terrified about inflation. Social Security has a built-in adjustment, but it doesn’t keep up with real inflation.
Posted inLocal & State, News
Maine Social Security recipients still waiting for stimulus checks
According to published reports, payments for those receiving such benefits have not been prepared yet.
Posted inBusiness, Nation & World
Virus could deplete Social Security funds by 2030, report says
Prior to the pandemic, the Social Security Administration had estimated the the Social Security trust fund would be depleted by 2035.
Posted inElections, Local & State, Politics
Republican congressional hopefuls seek changes in Social Security
The three contenders for Maine’s 2nd District say they worry about the future of the retirement program unless revisions are made.