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If you deferred paying part of your 2020 Social Security tax liability due to COVID-19 relief efforts, you don’t have much time left to pay the rest. The IRS this week issued a reminder that ...
December will be the final month that Social Security recipients get payments with the 2023 cost-of-living adjustment of 8.7% — the highest in more than four decades.
The pandemic has taken a toll on Americans in many ways and caused 1.02 million deaths nationwide. Now, the Social Security Administration (SSA) released beneficiary death information for 2021 ...
It was the third-leading cause of death in the U.S. in 2020, behind heart disease and cancer. [44] From 2019 to 2020, U.S. life expectancy dropped by three years for Hispanic and Latino Americans, 2.9 years for African Americans, and 1.2 years for white Americans. [45] In 2021, U.S. deaths due to COVID-19 rose, [46] and life expectancy fell. [47]
The average Social Security payment of $1,230/month ($14,760/year) in 2013 [102] is only slightly above the federal poverty level for a one-person household – $11,420/yr and below the poverty guideline of $15,500/yr for two person households. [103]
On January 22, 2021, Biden released an executive order addressing the economic crisis due to COVID-19. [ 187 ] Biden voiced support for $600 extra weekly unemployment benefits, increasing Social Security checks by $200 monthly, federally funded COBRA insurance for those who have lost their jobs during the pandemic, paid sick leave, as well as ...
“Before Social Security, most people’s retirement plan was death,” economist Kathryn Edwards told Vox last month when talking about why older Americans are working longer. “Dying on the ...
The first Social Security office opened in Austin, Texas, on October 14, 1936. [10] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [8] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940, was in ...