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Stories 1 - 20 |
Next Year's Social Security
Raise Is More Modest
Oct 12, 2023 12:59 PM CDT
Next Year's Social Security Raise Is More Modest
Recipients can expect a 3.2% boost starting in January
- Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost. The cost-of-living adjustment, or COLA, means the average recipient will receive more money every month beginning in January, the Social Security Administration said Thursday. About 71...
Woman Has Struggled to Prove
She's Not Dead for 16 Years
Sep 28, 2023 1:07 PM CDT
Woman Has Struggled to Prove She's Not Dead for 16 Years
A 2007 error by the Social Security Administration upended a Missouri woman's life
- A Missouri woman mistakenly added to the Social Security Administration's master death list in 2007 has been trying to prove she's very much alive for the past 16 years. Per NBC News , Madeline-Michelle Carthen, now 52, first found out about the accounting error when she was a business...
Sep 14, 2023 6:15 PM CDT
Inflation Bumps Social Security Raise Slightly
Forecast rises to 3.2% for next year, which advocates say isn't enough
- On paper, Social Security recipients saw their monthly payment for next year increase 3.2% on Wednesday, because inflation rose slightly more than it had been. The Senior Citizens League adjusted its 2024 cost-of-living projection from 3% for 2024, NBC News reports. That would translate to a monthly jump of...
Man, 86, Assumed Identity
of Brother Who Died in 1939
Aug 23, 2023 11:20 AM CDT
Man, 86, Assumed Identity of Brother Who Died in 1939
Napoleon Gonzalez obtained Social Security benefits under both names
- An 86-year-old Maine man accused of assuming his brother's identity decades ago and using it to double dip on Social Security benefits has been convicted of several charges, caught by facial recognition technology that matched the same face to two different identities, authorities say. Napoleon Gonzalez of Etna assumed...
After Mom Died,
Benefits for 32 Years
Jul 4, 2023 2:30 AM CDT
After Mom Died, California Man Collected Her Benefits for 32 Years
65-year-old man pleaded guilty to hiding her death to collect $830K in public funds
- A California man pleaded guilty to fraudulently collecting his dead mother's benefits for 32 years after her death, in what a prosecutor says "is believed to be the longest running and largest fraud of its kind in this district." Donald Felix Zampach of Poway in southern California...
Inflation Has Cooled. So Has
This Social Security Estimate
Jun 14, 2023 6:21 AM CDT
Inflation Has Cooled. So Has This Social Security Estimate
Recipients may see 2024 cost-of-living adjustment of just 2.7%, down from this year's 8.7%
- This year's Social Security cost-of-living adjustment, or COLA, was the highest in four decades, coming in at 8.7% to account for record inflation. Beneficiaries shouldn't expect quite such a boost for 2024. According to new government data, the annual inflation rate fell in May to its lowest...
From Sunset Plan
Feb 17, 2023 4:35 PM CST
Under Pressure, Scott Removes Social Security From Sunset Plan
Both parties had attacked the idea of having to revote on programs every five years
- After it received bipartisan criticism and was called out during the president's State of the Union address, the proposal by Sen. Rick Scott to put all federal programs on a five-year limit has been changed. The Republican's "Rescue America" plan now lists the "specific exceptions of...
Nov 3, 2022 2:56 PM CDT
White House Social Security Tweet Doesn't Land Well
It's deleted after giving Biden credit for increase made necessary by inflation
- The White House has deleted a tweet about Social Security after coming under all kinds of ridicule. As NBC News reports, the original tweet boasted that seniors received the biggest increase in payments in a decade thanks to "President Biden's leadership." But as many on Twitter were...
Social Security's COLA Increase
Is the Biggest in 40 Years
Oct 13, 2022 8:26 AM CDT
Social Security's COLA Increase Is the Biggest in 40 Years
It's 8.7% for 2023, but some say that's not enough to keep up with seniors' reality
- The Social Security Administration just announced the biggest cost of living adjustment in four decades in response to record high inflation. The annual inflation adjustment for 2023 is 8.7%, compared to 5.9% for 2022, meaning the country's 70 million Social Security beneficiaries will see a monthly increase...
Social Security Checks Will
Likely Get a Very Big Bump
Sep 14, 2022 9:35 AM CDT
Social Security Checks Will Likely Get a Very Big Bump
Senior Citizens League now forecasts 8.7% cost-of-living adjustment
When we last read the tea leaves in May, it was looking like seniors could be looking at an 8.6% adjustment to their monthly Social Security checks in 2023. The cost-of-living adjustment (COLA) happens in October, and with just one month to go, the predicted increase has ticked...
Disposed of Husband
in Trash, Took His Benefits
Oct 26, 2021 3:34 PM CDT
Feds: Widow Disposed of Husband in Trash, Took His Benefits
Aging Las Vegas woman allegedly hid the fact that her husband had died
- "There was no ambulance, no hospitalization, no funeral, no burial, and no cremation," states a federal criminal complaint filed in connection with the death of a Pennsylvania man identified only as JPS. The person the complaint does name is the man's wife, Nancy Shedleski. She's accused...
Social Security Benefits
See Biggest Jump in 39 Years
Oct 13, 2021 8:24 AM CDT
Social Security Benefits See Biggest Jump in 39 Years
COLA for 2022 is 5.9%
- Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022. The biggest cost-of-living adjustment in 39 years follows a burst in inflation as the economy struggles to shake off the drag of the coronavirus pandemic. The COLA, as it's commonly called, amounts to...
Big COLA Announcement
Expected Early Wednesday
Oct 12, 2021 8:08 PM CDT
Big COLA Announcement Expected Early Wednesday
Increase could be biggest in decades
- Rising inflation is expected to lead to a sizeable increase in Social Security's annual cost-of-living adjustment, or COLA, for 2022. Exactly how much will be revealed Wednesday morning after a Labor Department report on inflation during September, a data point used in the final calculation. Over the last 10...
Social Security COLA
Likely Getting a Big Increase
Sep 15, 2021 1:48 AM CDT
Social Security COLA Likely Getting a Big Increase
Cost-of-living adjustment expected to be around 6% next year, the highest in four decades
- Social Security's cost-of-living adjustment (COLA) for 2022 is expected to be the highest one since 1982. Thanks to inflation due to the COVID-19 pandemic, the 68 million Social Security recipients will likely receive a 6% to 6.1% increase in their checks next year, CNBC reports. The average bump...
Social Security Depletion
Date Is Now a Year Closer
Aug 31, 2021 6:16 PM CDT
Social Security Depletion Date Is Now a Year Closer
Feds say pandemic depleted trust funds
- The pandemic has pushed Social Security closer to precarious financial territory, the government warned in a report released Tuesday. The annual report from the Social Security and Medicare trustees said that unless Congress takes action, Social Security will no longer be able to pay full benefits by 2034, CNN reports....
Social Security Chief Wouldn't
Step Down. Biden Fired Him
Jul 10, 2021 5:30 AM CDT
Social Security Chief Wouldn't Step Down. Biden Fired Him
SSA Commissioner Andrew Saul refused to resign, per WH official
- President Joe Biden on Friday fired the commissioner of Social Security after the official refused to resign, and Biden accepted the deputy commissioner's resignation, the White House said. Biden asked commissioner Andrew Saul to resign, and his employment was terminated after he refused the Democratic president's request, a...
Social Security COLA
Is Announced: 1.3%
Oct 13, 2020 2:49 PM CDT
Social Security COLA Is Announced: 1.3%
Increase is slightly lower than last year's, averaging $20 a month
- Social Security recipients will get a modest 1.3% cost-of-living increase in 2021, but that might be small comfort in the face of worries about the coronavirus and its consequences for older people. The average increase for retired workers will be $20 a month, according to estimates released Tuesday by...
Is Found Frozen at Home
May 30, 2020 3:15 PM CDT
Woman's Grandmother Is Found Frozen at Home
Cynthia Black is accused of keeping her Grandma's body frozen for 12 years
- Sorry, Grandma's dead and frozen in the basement—but she can still collect Social Security checks. That's pretty much the scheme a Pennsylvania woman is accused of perpetrating in order to rake in tens of thousands of dollars from the feds, Local 21 News reports. "It's...
Dead People Are
Apr 19, 2020 3:30 PM CDT
Dead People Are Getting Stimulus Payments
Relatives of the deceased are asking: Will the government want it back?
- The dead may tell no tales, but they do get stimulus checks—and media reports are cropping up about relatives wondering what to do with the windfall. "Obviously, she does not need stimulus right now," Jeanne Siracuse tells NBC News about her mother, who received $1,200 despite...
Treasury Does 180 on Stimulus
Funds for One Set of Americans
Apr 2, 2020 6:32 AM CDT
Treasury Does 180 on Stimulus Funds for One Set of Americans
Social Security recipients won't have to file tax return to get money
- One of the biggest challenges the Treasury Department has in getting Americans their checks from the $2.2 trillion coronavirus stimulus package is tracking down people who don't file tax returns. Now, at least one key group of nonfilers will see that process expedited. The official word, delivered from...
Stories 1 - 20 |
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