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The hike in Social Security payments for 2022 will help seniors cover rising costs for food, health care and rent.
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For retirees on fixed incomes, rising prices for consumer goods can be tough

Jul 13, 2021
Social Security provides cost of living updates. But for those with additional money to invest, inflation can eat into more conservative investments like cash and bonds.

Biden faces economic obstacles beyond the pandemic's burdens

The list includes dwindling trust funds for Social Security and Medicare and potential bubbles in the housing and stock markets.
Biden will confront "headwinds unlike those that have ever been faced by any modern president," says Eugene Steuerle of the Urban-Brookings Tax Policy Center.
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In first presidential debate, what will we hear about the economy?

Sep 28, 2020
Additional coronavirus aid for state and local governments is a likely point of contention.
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Payroll tax cut could mean Social Security benefits run out sooner

A lot of older Americans rely on Social Security benefits to pay their bills.
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Trump's payroll tax holiday sows confusion

Aug 10, 2020
President Trump has ordered Treasury to stop collecting the employee portion of payroll taxes for some workers through the end of 2020.
President Donald Trump signs an executive order and three memorandums extending coronavirus economic relief on Aug. 8. How the payroll tax holiday would benefit Americans remains unclear.
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Social Security benefits' buying power is fading, despite adjustments

Oct 10, 2019
Seniors will get an extra 1.6%. But their cost of living rose by 1.9%.
Blank Social Security checks are run through a printer at the U.S. Treasury printing facility Philadelphia, Pennsylvania.
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How 65 came to be defined as a turning point into old age

Jun 19, 2019
The origin story of 65 can be traced back to the 30s, when President Roosevelt sought to make retirement available to everyone.
Many of the regulars at The Allegheny Elks Lodge in Pittsburgh had a love/hate relationship with their 65th birthdays.
Erika Beras/Marketplace

Low interest rates have cost savers roughly half a trillion dollars

Apr 10, 2019
The post-crisis financial policy has a downside.
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