The Cost of living adjustment is on its way.... It's gonna be about 3.2%.... Every year the agency adjusts its benefits, based on inflation. The 2024 Social Security cost of living increase — or COLA — is to be announced on Thursday. The program pays roughly $1.4 … [Read more...] about Your Social Security Check will be slightly larger….
Social Security
Joe Biden comes out swinging at Florida Republican Senator’s….
The President was talking to an audiance of Florida Seniors , who would NOT be happy with ANY action to affect Social Security or Medicare .... Biden threw down at Florida Senator Rick Scott, who has spoken about NOT approving ANY Federal law's in the future , including social … [Read more...] about Joe Biden comes out swinging at Florida Republican Senator’s….
With Inflation rise Social Security monthly check’s to climb by almost 6%……
That's the annual cost of living adjustment recipients will see in their checks starting for 2022.... The Social Security Administration announced Wednesdaythat its beneficiaries will see a 5.9 percent increase in their benefit checks starting next year — the largest … [Read more...] about With Inflation rise Social Security monthly check’s to climb by almost 6%……
Trump payroll tax move could actually raise people’s taxes come next year….
He wants to cut payroll taxes now.... But Congress actually writes the tax code and with payroll taxes sending money to Social Security and Medicaid? Congress IS NOT gonna let the missed payments stay missed... They will have to be paid back... Some of it won't … [Read more...] about Trump payroll tax move could actually raise people’s taxes come next year….
Biden hits Trump on the payroll tax cut he just did without Congress…
ANOTHER tax cut that he wanted* but Democrats and Republicans did NOT want... Seniors do NOT like lawmakers messing with Social Security and Medicare which payroll taxes go to fund....And Congress decides the taxes in America...President's don't... But ? Donald Trump … [Read more...] about Biden hits Trump on the payroll tax cut he just did without Congress…
Trump wants to just stop payroll taxes on his own before the election….
That money goes in the Social Security and Medicare funds.... This will assure Trump and Republicans would lose more votes from older Americans who count on those programs... Congress writes the tax laws.... And of course Trump is trying to just go around … [Read more...] about Trump wants to just stop payroll taxes on his own before the election….
Jobless weekly extra benefits likely to be cut back to 200-400 per week…
Somebody has come their senses..... The extra won't be stopped.... Congress is back this week and there IS gonna be some horse trading and things might get sideways... A new virus/stimulus bill is the main thing on the agenda.... But things maybe complicated because … [Read more...] about Jobless weekly extra benefits likely to be cut back to 200-400 per week…
US Banks increase their rainy day money reserves….
Figuring that right after Donald Trump leaves the stage? (Trump wants MORE tax cuts which would cut even MORE incoming revenue for Social Security and Medicare?) The same thing that greeted Joe Biden's boss President Obama? when Bush II left The US Economy landing in … [Read more...] about US Banks increase their rainy day money reserves….