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The Latest Breaking News from Social Security

It’s official: Florida Gov. DeSantis files paperwork for his presidential campaign

Ron DeSantis filed paperwork Wednesday to run for president in 2024, making a long-awaited entrance to a race that will test whether a Republican governor who rewrote Florida’s political rulebook — and often infuriated critics — can overcome the challenges of a race for the nation’s highest office.

Miami Herald

MTG bought McCarthy's used Chapstick

The House GOP caucus "auctioned off" lip balm used by the House speaker amid debt ceiling negotiations

Salon

Naveen Patnaik govt. urged not to make cash payment under social security schemes

After incidences of elderly persons facing problems of withdrawing their pension from banks as biometric devices failed to read blurred fingerprints, the Naveen Patnaik Government had on May 20 announced that all beneficiaries under Madhu Babu Pension Yojana would be receiving cash on 15 of every month at disbursement places…

The Hindu

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The boomer retiree class is facing a 50%-plus cut to next year's Social Security cost-of-living adjustment

This year's Social Security cost-of-living adjustment was the highest it's been in 40 years. Next year, it could be 3.1% or lower.

Fortune

Just in case: Anxious retirees, social service groups among those making default contingency plans

Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines

The Independent UK

PIP health conditions most-likely to be given a weekly payment of up to £172 from DWP

A new claim for PIP or Adult Disability Payment could help with daily living or mobility costs.

Daily Record

Gen Xers Just Aren't Saving Enough for Retirement

A new report reveals what Gen Xers think they need to save for a comfortable retirement.

Kiplinger

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How to Buy Treasury Bonds

U.S. Treasury bonds are generally low-risk investments you can buy directly from the government or through brokers and ETFs.

Kiplinger

Editorial: Homeless people shouldn’t spend weeks proving they’re poor before they get an apartment

From Venice to downtown Los Angeles, Mayor Karen Bass’ Inside Safe program moved some 1,200 homeless people out of encampments into motels and hotels during her first four months in office. But only 70 people have moved from those temporary accommodations into permanent housing, Bass said recently. That’s a number…

Los Angeles Times

Debt ceiling showdowns aren’t new – but this time gonzo Republicans are ready to blow up the economy

Republicans like Marjorie Taylor Greene and nihilists like Trump are more committed to gaining power than to cutting the government debt

The Guardian - US

People making a new claim for PIP need to know five crucial things before starting application

DWP has also released four new PIP videos on YouTube to help new claimants.

Daily Record

These are some of the people who'll be impacted if the U.S. defaults on its debts

Unless Congress acts to raise the federal debt limit, the U.S. government could run short of cash to pay its bills as early as June 1. Seniors, veterans, government workers and others would suffer.

WEKU

Biden gets low ratings on economy, guns, immigration in AP-NORC Poll

Just 33% of American adults say they approve of President Joe Biden’s handling of the economy and only 24% say national economic conditions are in good shape

The Independent UK

Saving for Retirement Isn’t Enough: You Need a Wealth Plan

To ensure you have a wealth plan in place that will work for you, five key steps can help get you safely to your retirement destination and beyond.

Kiplinger

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Fortune

The high-stakes debt ceiling fight could be a $12 trillion blow to the American economy: Here are 3 disasters a default would trigger

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

Daily Record

People with any of these 21 health conditions may be due up to £691 each month

Hundreds of disabilities and health conditions are supported through Adult Disability Payment and PIP.

Daily Record

Young people on PIP, ADP or DLA to receive one-off £235 winter payment this year

More than 26,000 payments worth £5.7m to help with heating costs were made during winter 2022/2023.

The Independent UK

Most say pair debt limit increase with deficit cuts, but few following debate closely: AP-NORC poll

A new poll finds that most U.S. adults say they are highly concerned about the impact on the national economy if the U.S. debt limit is not increased and the government defaults on its loans

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The Independent UK

Why a government default could be worse than a government shutdown

All the hand-wringing over a potential government default if Congress doesn’t increase the national debt limit has conjured up images of past government shutdowns

Daily Record

People making new claim for devolved PIP-style payment may not get decision until end of this year

New claims for Adult Disability Payment are reportedly taking up to seven months to process.

Daily Record

People on PIP or DLA could see changes to Motability Scheme this year when lease ends

Over 700 vehicles have been added to the Motability Scheme this Spring.

The Guardian - US

Top five US executives hoard $9bn tax-free for retirement as workers face limits

At many of these companies a sizeable percentage of workers had no money in their 401(k)s, report finds

The National (Scotland)

Expert hails Scotland's 'human rights' approach to social security

A PUBLIC policy expert has hailed the Scottish Government’s “human rights” approach to social security.

The Hindu

Rajasthan’s move spells some hope for gig workers

The Rajasthan Platform-Based Gig Workers Social Security and Welfare Fund is the first real instance of a regulatory move to unburden gig and platform workers’ vulnerabilities

Kiplinger

Home Equity Could Be Saving Grace for Struggling Retirees

Retirees are sitting on historic levels of home equity, while many have little saved for retirement. Their houses could fund living expenses and pay for long-term care, among other things.

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