Social Security was expected to become insolvent in 2035. This date has changed due to the pandemic; the impending bankruptcy is now closer than anticipated.
Although some of the highest COLAs have been estimated for 2022, there is still the real possibility that this increase wouldn’t make a difference. Any COLA increases may just end up being “absorbed by higher Medicare ... premiums.”
With talks about Social Security's future constantly underway, seniors can easily be anxious about finances. After all, benefits payments make up 33% of a retiree's income.
It is essential to remain informed as the Delta variant continues to circulate. Remaining aware of all possible precautions can help ensure your safety.
Where some gardeners have had to adjust their routines to account for drought, others have had to difficulties with excess rain. Luckily there are some solutions to keep gardens flourishing.
