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China’s government is making employers pay more into its social welfare system, just as the economy is stalling.
As the rich get richer, their income is escaping taxation.
The trust fund supplementing income taxes could run dry within 10 years. Dennis Jansen of Texas A&M suggests reforms.
Supplemental Security Income payments and veterans ‘payments could be among the first checks to be delayed.
With 1 billion possible combinations, we still have decades before they’re used up.
This month Social Security checks went up by an 8.7% cost of living increase. But what happens to social security in the future?
The adjustment is likely to be announced this week and expected to be around 9%. It’s welcome news for recipients struggling with inflation.
The program is expected to provide a large benefits increase in 2023. Until then, many on fixed incomes have to tighten their budgets.
Waiting until age 70 to file for Social Security means a roughly 76% boost to benefits.
Author Anne Helen Petersen compares being single in the United States to living in a hostile climate like the Arctic.
