More than 60 million Americans receiving a Social Security check will notice an increase in their monthly benefits next year. The Social Security Administration (SSA) announced Wednesday that benefits will increase by just 1.7 percent, or about $22 per month, for the typical Social … [Read more...]
Problems with Social Security Continue to Grow
New reports have been released in the past couple of days analyzing the various problems facing Social Security, beneficiaries and overall retirement. A number of institutions have compiled data that covers an array of issues, from Social Security statements continuing to be mailed … [Read more...]
GAO report finds most Americans are claiming Social Security too early
Most Americans are claiming their Social Security benefits too soon and fewer than one in 10 retirees postpone claiming these benefits long enough in order to maximize their retirement funds, according to a new report by the Government Accountability Office (GAO). The common age … [Read more...]
Low Interest Rates Put Retires Financial Future at Risk
While many—mainly borrowers—have been pleased with the Fed’s downward pressure on interest rates, the program is placing many retired Americans’ long-term security at risk. Interest rates are at their lowest point in 100 years as the Federal Reserve tries to stimulate the economy and … [Read more...]
Top 10 Reasons Why the United States is in Debt
Filed Under: Finance by
As of December 3rd 2012, the total public debt in the US breached the $16 trillion mark, and stood at almost 90 % of the country’s GDP. The Federal Government’s auditor, the Government Accountability Office (GAO) has called America’s current fiscal policy unsustainable. If the nation … [Read more...]
Seniors to Receive 1.7 Percent Increase to Social Security in 2013
Seniors will receive an increase to their Social Security in 2013, though not much. The Social Security Administration announced Tuesday monthly benefits will increase 1.7 percent beginning Jan. 1. For the nearly 62 million Americans receiving either monthly Social Security or … [Read more...]
