Showing posts with label Root Cause of Social Security Problems. Show all posts
Showing posts with label Root Cause of Social Security Problems. Show all posts

Saturday, August 3, 2024

The Democrat Years | Retirees' Social Security checks have lost significant buying power

Title: Retirees' Social Security checks have lost significant buying power since 2010, a new report says

Article Snip: "...Retirees would need, on average, a $370 monthly boost in their Social Security checks to make up for a 20% loss of buying power since 2010.

That means today’s average monthly benefit of $1,860 for retired workers would need to rise to about $2,230, according to a new report from the Senior Citizens League, a nonpartisan group.

The spoiler: inflation.

...common senior household expenses such as car insurance, food, out-patient hospital care, and housing rose much more than that. “The reality is that COLAs have become less and less likely to match inflation over time,” Benton said. “In the 1990s and 2000s, 60% of COLAs beat inflation. In the 2010s, only 40% did. Through the 2020s so far, only one COLA out of five—the 8.7% increase in 2023— has done so.”
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Reference: yahoo.com
Biden/Democrat Inflation Silent Tax on Retirees, Inflation,






Sunday, March 24, 2024

Social Security Administration (SSA) has set up a process whereby noncitizens can apply for a Social Security ...

Title: Social Security Administration (SSA) has set up a process whereby noncitizens can apply for a Social Security ...

Article Snip: "...The Social Security Administration (SSA) has set up a process whereby noncitizens can apply for a Social Security number as part of the immigration process. Typically, immigrants will simultaneously apply for both a Social Security number and work authorization...what qualifies a person for Social Security benefits, and how non-citizens and immigrants can oftentimes participate. ...Immigrants who have work permits — or those who acquire lawful permanent resident status — can qualify for Social Security benefits in the same manner as U.S. citizens. ...important note for immigrants is that if you have worked in a country that the U.S. has a “totalization agreement” with, you may be able to use your foreign work credits to help qualify for U.S. Social Security."

Reference: yahoo.com
Immigrants and Social Security, Root Cause of Social Security Problems,Foreign Invasion of U.S. Borders,social security,Destruction of Social Security,The Biden Years,Why do Democrats Hate the United States?,