Forget a 1.3% COLA! Two lawmakers want to more than double next year's pay raise for Social Security beneficiaries.
The Social Security Administration on Tuesday announced a 1.3% cost of living adjustment for 2021, which will increase checks for the program’s 64 million beneficiaries by just a few hundred dollars per year.
President Trump announced executive orders on Saturday extending federal unemployment benefits, providing eviction protections, deferring student loan payments, and instituting a payroll tax holiday as stimulus package negotiations falter.
The unemployment benefit that has kept millions afloat amid the worst economic crisis in decades officially expires at midnight. Weekly jobless claims continue to rise. Economic forecasters are warning of another slowdown.
As many as 6.7 million rent-burdened households could face eviction once enhanced federal unemployment insurance expires at the end of July and eviction bans across the country lift, according to a new analysis from UrbanFootprint, a tech company that makes urban planning software.
Parts of the next stimulus package has been released today, see what is being included.
The US economy is reopening gradually but America's joblessness crisis continues to roar on.
Some nursing homes had grabbed the government payments to defray the costs of caring for residents on Medicaid.
The Trump administration announced Tuesday it would distribute $25 billion to health providers caring for Medicaid patients following weeks of pressure from lawmakers and advocates.
Make sure you're fulfilling your obligations to the IRS.
Most of us are familiar with Social Security. It's a program we all pay into during our working years and collect from in retirement. Those benefits are often crucial in helping retirees stay afloat, especially those without a whole lot of savings. But Social Security is by no means designed to sustain seniors in the absence of outside income, and relying on those benefits too heavily could set you up for financial ruin during retirement.
The IRS released common reasons people got stimulus amounts that were different than anticipated.
Some Social Security recipients say they're still waiting for their stimulus checks, even though the Social Security Administration has said many of them should have begun receiving their payments a month ago in mid-April. Some also continue to struggle with getting information from the IRS "Get My Payment" site, leaving them unsure when the checks will arrive.
Local officials are ramping up efforts to prevent a potential rash of evictions among renters as the country’s unemployment rates reach historic highs and eviction moratoriums start to expire.
The Washington Post reported that senior economic officials at the White House are exploring a polarizing proposal by conservative scholars at the right-leaning American Enterprise Institute and Hoover Institution. The scholars, Andrew Biggs (a Forbes contributor) and Joshua Rauh, had published an opinion piece in The Hill outlining their plan, which would provide cash to households, but not in the form of a direct stimulus payment. Instead, the two argue that Congress should offer voluntary loan checks of up to $5,000 - the actual amount is up for debate - in exchange for a delay in receiving their Social Security benefits in retirement by up to three months.
Those waiting for payments will soon see them in their bank accounts and mailboxes.
Stimulus checks are arriving either directly to bank accounts or through the mail and if you have outstanding debt, creditors may try to seize it. A lot of people really need this stimulus money to pay for rent or buy food, but if you have outstanding debts with creditors you could be in for some disappointment.
Did you know that you may be able to receive benefits on your spouse’s record if you have not worked or do not have enough Social Security credits to qualify for your own Social Security benefits?
The vast majority of Americans support expanding Medicaid so low- and moderate-income individuals can have access to health care coverage, a new poll has shown.
Many Minnesotans may soon be asked to return to work as the governor eases closure orders on some businesses. But if some refuse to go due to health concerns, they will likely lose unemployment benefits.