As the clock ticks, House Speaker Kevin McCarthy faces the challenge of finding a compromise to avoid a costly shutdown and keep the federal government running smoothly. This looming specter of a federal government shutdown, set to begin on October 1 if a solution isn’t reached, raises concerns among Social Security recipients regarding the potential …
In a surprising turn of events, Social Security recipients are set to receive a 3.2% increase in their monthly payment for next year, as reported by NBC News. This adjustment is a result of inflation rising slightly more than expected. Previously, the Senior Citizens League projected a 3% increase for 2024, but now it …
An 86-year-old man from Maine has been found guilty of assuming his brother’s identity many years ago and using it to fraudulently receive Social Security benefits. The accused, Napoleon Gonzalez of Etna, adopted his deceased brother’s identity in 1965, a quarter-century after his brother’s death as an infant. He used this stolen identity to unlawfully …
Social Security is facing a potential reduction in benefits for retirees in 2033 when its trust fund reserves run out. A new analysis from the nonpartisan Committee for a Responsible Federal Budget indicates that the reduction could be significant. If the program is not strengthened by 2033, a typical newly retired couple with dual-earners could …
Is the incidence of poverty among elderly individuals too high? Let us consider this hypothetical scenario: What would be an acceptable poverty rate for seniors in America? According to the Organization for Economic Co-operation and Development (OECD), the U.S. has a higher poverty rate among individuals over the age of 65 compared to most other …
According to a recent analysis by the U.S. Government Accountability Office, Massachusetts has been identified as one of the worst states for retirement. The study reveals that only 1 in 10 low-income workers aged 51 to 64 have any retirement savings, compared to 1 in 5 in 2007 before the Great Recession. These workers, who …
Is it time to start expressing concern about the national debt? This question may sound strange at first, but there are growing reasons to consider it. While the bond market remains calm and voters have their attention on other matters, the fiscal situation of the country has undergone significant changes in recent years. The aging …
Chris Christie, the former Governor of New Jersey and Republican presidential candidate, delivered a compelling speech at the Faith and Freedom Road to Majority conference in Washington, DC on June 23, 2023 (source: Drew Angerer | Getty Images). In a recent appearance on “Fox News Sunday,” Chris Christie, former Governor of New Jersey and Republican …
The Democratic Party, a historically progressive force in the United States, is experiencing a shift towards maintaining the status quo. This transition was evident in recent events, as Democrats reacted to Supreme Court rulings on affirmative action and the overturning of Roe v. Wade. They also celebrated the Court’s decision to uphold the Voting Rights …
In a case believed to be the longest running and largest fraud of its kind in this district, a man from Poway, California, pleaded guilty to fraudulently collecting his deceased mother’s benefits for 32 years. Donald Felix Zampach admitted to money laundering and social security fraud in a federal court in San Diego. According …