That group could lose up to two-thirds of their retirement earnings under the current system, but help may be on the way from Washington.
Social Security
Posted inLewiston-Auburn, Maine Crime, News
Lewiston woman admits to Social Security fraud
Prosecutors said Donna D. Desrosiers collected more than $90,000 she wasn’t entitled to.
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Posted inBusiness, Nation & World, News
Social Security recipients will get 2.5% cost-of-living boost in 2025, smaller than in recent past
Recipients received a 3.2% increase in their benefits in 2024, after a historically large 8.7% benefit increase in 2023, brought on by record 40-year-high inflation.
Posted inOp-Eds, Opinion
Opinion: Raising the retirement age won’t help anyone
Increasing the retirement age essentially singles out the very worse-off class of older adults – and makes them worse off.
Posted inBusiness, Nation & World
Social Security benefits will increase by 3.2% in 2024 as inflation moderates
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.’
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.
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.