Friday, the government announced people who receive social security benefits will see a two-percent increase.
The Social Security Administration said on Tuesday, U.S. retirees will receive a 0.3 percent increase in their Social Security checks in 2017. The cost-of-living adjustment, also known as COLA, is tied to inflation moves. Due to the dampening effects on inflation from falling oil prices, there was no increase for 2015-2016. As measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers, the rate is determined by averaging together third-quarter inflation. Since the United States exited recession in 2009, the average annual raise has been 1.2 percent. The same 0.3 percent increase will be applied to those receiving Supplemental Security Income benefits, which is designed for the elderly and people with disabilities. The Social Security Administration said in a statement, more than 65 million people will benefit from the increase. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/3PvI5z7JS04/us-usa-economy-benefits-idUSKCN12I1SV http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Earlier in Obama’s presidency, he offered to cut social security. Now, in a dramatic reversal, he’s saying we should expand the program. Why? Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below. "PRESIDENT BARACK OBAMA endorsed an expansion of Social Security for the first time on Wednesday. “We can’t afford to weaken Social Security,” he said during a speech on economic policy in Elkhart, Indiana. “We should be strengthening Social Security. And not only do we need to strengthen its long-term health, it’s time we finally made Social Security more generous, and increased its benefits so that today’s retirees and future generations get the dignified retirement that they’ve earned.” The increased benefits, he said, could be paid for “by asking the wealthiest Americans to contribute a little bit more. They can afford it. I can afford it.” This was a far cry from Obama’s position on the program in late 2012, when his administration argued for reducing Social Security benefits by recalculating the way cost of living adjustments are made.”* Read more here: https://theintercept.com/2016/06/02/obama-wanted-to-cut-social-security-then-bernie-sanders-happened/ Hosts: Cenk Uygur Cast: Cenk Uygur *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://www.tytnetwork.com/live Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary) Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://www.tytnetwork.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Get The Young Turks Mobile App Today! Download the iOS version here: https://itunes.apple.com/us/app/the-young-turks/id412793195?ls=1&mt=8 Download the Android version here: https://play.google.com/store/apps/details?id=com.tyt
http://www.youtube.com/playlist?list=PL1e2zsRDw1sG_8zcFoS5JJlZjqFCxodxj Since 1975, the Social Security administration has credited a cost of living adjustment (COLA) to combat times of inflation. There has been only two years when the administration didn't assess a COLA raise: in 2009 and 2010. COLA is assigned to the benefits filed by the Social Security recipient. Whatever age benefits start, the COLA will be assigned to that monthly income number. Waiting until age 70 would not only maximize your benefit, but the COLA would be benchmarked to that income number, further maximizing benefits. In Part 3 of The Strategies to Maximum Social Security Benefits, syndicated financial columnist and talk show host Steve Savant interviews Social Security strategist and expert Brian Doherty, author of Getting Paid to Wait (Bigger Social Security Benefits, the Simple and Easy Way). Let’s Get Down To Business http://www.youtube.com/user/FinancialAdvisersAZ 236 N. Country Club. Suite 2, Mesa, Az. 85201 Tel. No. (480) 305-0404
WASHINGTON (AP) — Millions of Social Security recipients and federal retirees will get a 0.3 percent increase in monthly benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises. The adjustment adds up to a monthly increase of less than $4 a month for an average recipient. http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2016-10-18-US--Social%20Security-COLA/id-4d7c107f041146a889c827be92ff6791 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
Social Security recipients will be getting a raise of about %3.5 percent. Terrell Brown reports on the first increase since 2009.
The millions who receive Social Security benefits along with federal retirees will get a 0.3 percent increase in monthly benefits next year. Next year's benefit hike will be small because inflation is low, driven in part by lower fuel prices. This is the fifth year in a row that older Americans will have to settle for historically low raises. The coast of living adjustment, or COLA, was announced on Tuesday by the federal government. By law, the COLA is based on a government measure of consumer prices. The COLA affects more than 70 million people — about 1 in 5 Americans. http://hosted2.ap.org/APDEFAULT/386c25518f464186bf7a2ac026580ce7/Article_2016-10-18-US--Social%20Security-COLA/id-1501568d29074a4c9eeed6e1594e25a0 http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
This session will discuss COLA, how and when it applies to awards of 70% or more (Life Pension, Permanent Total), Temporary Disability Rates, and how it could impact Death Benefits. We will also review several examples. Website: http://www.bradfordbarthel.com/ Webinars & Videos: http://www.bradfordbarthel.com/webinars/ Subscribe: http://www.youtube.com/subscription_center?add_user=BradfordBarthel Training Certificate Request: https://goo.gl/forms/pAlxbkA1pPWTy3Mq2 (this site might not load on older browsers; please use Chrome or ensure your browser is updated)
Social Security benefits to increase
There will be no COLA increase for Social Security recipients and others. A news report in American Sign Language. Free on YouTube and not associated with OIC Movies.