SeniorJournal.com - Daily News for Senior Citizens

  FRONT PAGE Aging • Health • Alzheimer's - Mental • Nutrition • Medicare & Medicaid Politics  • Fitness  • Social Security • Alerts • Sex Health • Features • Retirement  Elder Care  >Search  >Senior Links

[NavBar.htm]

Senior Journal: Today's News and Information for Senior Citizens & Baby Boomers

More Senior Citizen News and Information Than Any Other Source - SeniorJournal.com

• Go to more Social Security News or More Senior News on the Front Page

 
 

E-mail this page to a friend!

Social Security News

Nearly Half of Senior Citizens Receiving Smaller Social Security Checks in 2011

New survey finds lack of COLA hurting seniors as over 60% see their expenses rise, Medicare premiums reduce checks

Feb. 3, 2011 - Forty-four percent of seniors are receiving lower Social Security checks this year compared to 2010, while even more are dealing with significantly higher expenses. The findings come from an annual survey of elderly Americans, released earlier today by The Senior Citizens League (TSCL), which claims to be one of the nation's largest nonpartisan senior citizens advocacy groups.

Of seniors receiving lower checks, one in four report receiving at least $50 less per month, and one in nine are receiving at least $100 less per month.

 

Related Stories

 
 

Social Security Finds Later Retirement Age Reduces Benefits, Costs but Increases Poverty

'Distributional Effects of Accelerating and Extending Increase in the Full Retirement Age,' a policy brief, finds pluses and minuses in raising the retirement age

by Glenn R. Springstead, Social Security Office of Retirement Policy - Jan. 28, 2011


Republicans Block $250 for Senior Citizens to Replace Lack of Social Security Hike in 2011

Also other action reduces income to Social Security Trust Fund by $120 billion - Dec. 9, 2010


Fiscal Commission Fizzles on Deficit Reduction Plans that Focused on Senior Programs

Former Wyoming GOP Sen. Alan Simpson, co-chair, and former Clinton White House Chief of Staff Erskine Bowles, give the results of the last day of the National Commission on Fiscal Responsibility and Reform. Much of the commission’s deficit-cutting was aimed at the costly entitlements, Social Security and Medicare but not enough votes to pass

Dec. 4, 2010


Booming Senior Citizen Population Will Bring Social Security to Its Knees: Deficit Committee

Significant changes in seniors’ security blanket program detailed by committee in ‘The Moment of Truth’ report

By Tucker Sutherland, editor, SeniorJournal.com

Dec. 3, 2010


Read more Social Security News

also check Medicare and Senior Politics

 

At the same time, nearly two-thirds of seniors (61 percent) estimate their expenses have increased by at least $80 per month compared to last year.

Social Security checks are lower because many seniors have their Medicare Part D or Medicare Advantage premiums automatically deducted, and these premiums have increased in many cases. An annual Cost of Living Adjustment (COLA) typically offsets such premium increases, but seniors are not receiving a COLA for the second year in a row.

"The combination of lower benefits and higher expenses means many more seniors will have a hard time making ends meet this year," said Larry Hyland, chairman of The Senior Citizens League. "More of them will have to make very difficult choices and cut back on basic things such as health care and utilities."

Almost 70 percent of beneficiaries depend on Social Security for 50 percent or more of their income. Social Security is the sole source of income for 15 percent of beneficiaries.

TSCL supports emergency COLA legislation and opposes any deficit reduction proposals that would cut the COLA.

In a news release on December 29, 2010, the TSCL predicted financial problems ahead for older Americans:

“For the second year in a row, there's no annual cost-of-living adjustment (COLA) to boost Social Security benefits.  Rising Medicare premiums will shrink the Social Security benefits of an estimated 25 million seniors, says The Senior Citizens League (TSCL), one of the nation's largest nonpartisan seniors groups. 

"’If that isn't bad enough, when rising cost-sharing and coverage changes are added, some of the oldest and sickest seniors may find they need as much as half of their Social Security benefits just to cover healthcare costs in 2011,’ says TSCL Chairman, Larry Hyland. 

"’Seniors have to pay more, but they have less to do it with,’ Hyland says. ’And this could become our new norm in the near future,’ he notes.

“’Many seniors are still learning about some hefty new increases in their Part D or Medicare Advantage plans.  A host of changes to the plans will affect what seniors pay out-of-pocket in 2011.  "And for the unsuspecting who failed to check the cost details last year, the jump may be pretty big, including the loss of coverage for certain drugs and some extra benefits,’ says Hyland.”

SURVEY METHODOLOGY: TSCL says the survey was conducted through print and electronic surveys from December 13, 2010, through January 31, 2011. It had 1,253 Social Security recipients.

The Senior Citizens League claims 1.2 million supporters, and says it is one of the nation's largest nonpartisan seniors groups. Its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League also says it “is a proud affiliate” of The Retired Enlisted Association. Visit www.SeniorsLeague.org for more information.

 

Financial Relief for Volkswagen Diesel Owners

You may be eligible for money damages if you owned or leased one of these VW, Porsche or Audi vehicles.

In the major scandal of 2015, Volkswagen cheated you and the world. They rigged diesel emission controls so you, nor regulators, would know how much pollution their cars were adding to our environment.

They were caught and have reserved $7.3 billion to help "make it right" with victims.

If you owned or leased one of these vehicles, contact us now.

 Beth Janicek, Board Certified Personal Injury Attorney Janicek Law attorneys are actively pursuing these cases against VW. Do Not Wait...

Janicek Law Firm, PC

Free Consultation

(Call toll free)

1-877-795-3425 or Email

Vehicles Involved

VW Jetta (2009–2015)

VW Jetta SportWagen (2009–2014)

VW Golf (2010-2015)

VW Golf SportWagen (2015)

VW Beetle (2012–2015)

VW Passat (2012-2015)

Audi A3 (2010-2015)

VW Touareg (2009–2016)

Porsche Cayenne (2015)

Audi A6, A7, A8, Q5 Quattro (2016)

 

Search for more about this topic on SeniorJournal.com

Google Web SeniorJournal.com

Keep up with the latest news for senior citizens, baby boomers

Click to More Senior News on the Front Page

Copyright: SeniorJournal.com

    

 

Published by New Tech Media - www.NewTechMedia.com

Other New Tech Media sites include CaroleSutherland.com, BethJanicek.com, SASeniors.com, DrugDanger.com, etc.