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The Latest Breaking News from Social Security

Allison Schrager: Enjoy the Social Security bump now. You'll pay later

Social Security is known as the third rail of politics. President Joe Biden has pounced on all who dare even think about curtailing the retirement program. In fact, this week cash-strapped retirees will get the biggest cost-of-living increase in 40 years, an 8.7% boost to protect them from inflation.

Tribune News Service

8.7% hike to Social Security checks won't cut it, some fear

In a year when inflation has made Americans’ eyes pop when they fill up their gas or walk down grocery store aisles, many Social Security recipients worry whether the biggest cost-of-living increase in four decades will be enough to cover their needs

The Independent UK

Soaring inflation prompts biggest Social Security cost-of-living boost since 1981 – 6 questions answered

Social Security is set to boost the benefits it provides retirees by 8.7%, the biggest cost-of-living adjustment since 1981. It comes as sky-high inflation continues to eat into incomes and savings.

The Conversation

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How Social Security works and what to know about its future

Tens of millions of older Americans will see a major increase in benefits this January when a new cost-of-living adjustment (or COLA) is added to Social Security payments

The Independent UK

Social Security benefits to jump by 8.7% next year

The Social Security Administration said the estimated average monthly Social Security benefit for all retired workers will be $1,827 starting in January.

Chicago Sun-Times

Jan 6 hearing updates: panel votes to subpoena Donald Trump – as it happened

Vote represents long-shot effort to compel former president’s testimony – follow the latest

The Guardian - US

Inflation Hits 8.2 Percent After Another Month of Sharply Rising Prices

Prices rose by 0.4 percent in September, faster than economists expected and indicating that rising interest rates aren't getting the job done.

Reason

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Social Security benefits see highest jump in 40 years. Here’s what to expect

Social Security beneficiaries are set to get the largest boost to their benefits in four decades.

Tribune News Service

Social Security benefits to jump 8.7%, the biggest increase in 40 years

This is the biggest increase in benefits in 40 years and will come out to an average of an additional $140 per month.

Axios

Social Security benefits to see biggest boost in four decades - Roll Call

Tens of millions of retirees and disabled workers will see benefits rise by 8.7 percent in 2023, the Social Security Administration reported.

Roll Call

High inflation leads to the biggest raise in Social Security in more than 40 years

Retirees and others who rely on Social Security will see a large boost in benefits next year, with the average benefit rising by $141 per month, as inflation stays above 8%.

WEKU

‘Firebrand’ Missourian shakes up Ways and Means race - Roll Call

Rep. Jason Smith invokes a populist image for the GOP as he seeks the top Republican spot on the House Ways and Means Committee.

Roll Call

Social Security recipients expected to get big benefit boost

Millions of Social Security recipients will soon learn just how high a boost they’ll get in their benefits next year

The Independent UK

Social Security recipients will likely get the biggest payment boost in more than 40 years

Prices have risen at a blistering pace — a huge blow for Social Security recipients facing rising costs for food, medical care and other expenses.

Axios

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The Independent UK

EXPLAINER: A huge jump in Social Security payments is coming

Tens of millions of older Americans are about to get what may be the biggest raise of their lifetimes

Salon

GOP heading toward another shutdown

Republicans love chaos — and apparently they love losing too. One of these days their antics will mean catastrophe

Roll Call

Nebraska policy wonk makes pitch for top Ways and Means slot - Roll Call

While Rep. Adrian Smith brings experience and policy chops, his competitors have won more buzz in the race so far.

Daily Record

Social Security Advisory Committee to face questions on DWP managed migration process to Universal Credit

DWP will transfer 2.6 million people on legacy benefits to Universal Credit by the end of 2024.

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Los Angeles Times

LAUSD cyberattack woes and uncertainties could be long-lasting, experts say

LOS ANGELES — Retirees from the Baltimore school system are having trouble with pension and health care payments two years after a ransomware attack. The identity of a child in Toledo, Ohio, is being used to apply for credit months after a cyberattack on schools there. A midsize Texas school…

The Hindu

ActionAid to hold convention in Bengaluru, release report on choultry workers on October 11

ActionAid Association focused its intervention on the social security and working conditions of unorganised labourers in seven wards of Bengaluru

Nottingham Post

Report calls for 21 DWP Universal Credit changes in radical shake-up

It is described as fundamentally flawed

Glasgow Live

The 21 Universal Credit changes proposed as union calls for benefit shake-up

A brand new reports has claimed that the Universal Credit benefit is fundementally flawed, and the entire system is in need of a major overhaul from the Department for Work and Pensions.

Salon

Disability program riddled with problems

The federal Social Securities Income program is leaving many without monetary aid that matches inflation costs

Axios

How inflation could lower your taxes

COLAs were barely noticed in the era before high inflation, but are now crucial for Americans coping with price increases.

The Independent UK

Arizona Senate debate gives Masters a chance to reset race

Republican Blake Masters has a much-needed chance Thursday night to reset his Arizona Senate race against Democratic Sen. Mark Kelly in the campaign’s only televised debate

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