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Feds Say COVID Has Moved Up Social Security Insolvency Date

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

(Newser) - 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 Checks Are Going Up 1.3%

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

(Newser) - 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...

Study Estimates
a Millennial's Net Worth

May 31, 2019 11:15 AM CDT

Study Estimates a Millennial's Net Worth

Average is $8K, much lower than previous generations at that age

(Newser) - A study commissioned by Deloitte finds "the vast majority of consumers are under tremendous financial pressure," per Kasey M. Lobaugh, the study's lead author, who tells the Washington Post that this applies to two demographics in particular—low-income Americans and millennials. And he puts a number on...

10 States With Highest, Lowest Property Taxes

NJ and Hawaii: Thousands
Apart, in Miles, Property Taxes

Feb 26, 2019 8:43 AM CST

NJ and Hawaii: Thousands Apart, in Miles, Property Taxes

Garden State has highest US property taxes, Aloha State the lowest, based on median home value

(Newser) - What do Hawaii and New Jersey have in common? Probably not much, but especially when it comes to property taxes, per WalletHub , which says what you pay on your real estate can range from a "small inconvenience" to a "major burden." The Aloha State falls under the...

This Is America's
Best Small City

Oct 31, 2017 10:55 AM CDT

This Is America's Best Small City

Princeton leads WalletHub's 2017 list

(Newser) - If the idea of living in a place where "everyone knows your name" appeals to you, WalletHub can help. The site is out with its list of this year's best small cities in America. It considered more than 1,200 US cities with populations between 25,000 and...