skip to main content
skip to newscasts

Sunday, December 22, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Government shutdown looms after Trump-backed bill fails; Environmental groups sue CA Air Resources Board over biogas credits; NY elected officials work to electrify municipal buildings; Need a mental health boost? Talking hot dog is here.

view newscast page
play newscast audioPlay

President-elect Trump repeats his threats to jail Jan. 6th committee members, while also putting a stop-gap spending plan in jeopardy. A court removes Fani Willis from Trump's Georgia election interference case. The FAA restricts drones in New Jersey, and a Federal Reserve rate cut shakes markets.

view newscast page
play newscast audioPlay

Rural folks could soon be shut out of loans for natural disasters if Project 2025 has its way, Taos, New Mexico weighs options for its housing shortage, and the top states providing America's Christmas trees revealed.

Smallest Hike for Social Security Recipients Since 1975

play audio
Play

Friday, November 8, 2013   

PHOENIX – For Arizona's Social Security recipients, it is the smallest benefit increase in decades, but it could be worse.

The federal government has announced a benefit increase for next year of 1.5 percent.

National AARP President Rob Romasco says that's the smallest amount since 1975, but it would be even lower if there were changes to how the cost-of-living adjustment is calculated, as some in Congress have proposed.

"If the Chained CPI were in effect, that would be 1.2 percent,” he says. “That's a 20 percent decrease in your benefit increase and, over time, that compounds.

“So, if you retire at 65, by the time you're 90, you'll have experienced thousands of dollars of fewer benefits over that time."

Current projections have Social Security staying solvent for about 20 more years. More than 820,000 Arizonans receive Social Security benefits.

AARP has pushed for a national conversation on how to strengthen the program for the future.

But Romasco says since American workers are the ones who have funded Social Security, it should be a separate debate, not part of any debt talks.

He feels the same way about Medicare. Workers and employers also help with funding that program, which has been squeezed by the high cost of medical care in the U.S.

"We spend $2.7 trillion in this country on health care costs,” Romasco points out. “On a per-person basis, we are 50 percent more expensive than any other country in the world. We can do better than that.

“However, we still need to look at Medicare. AARP is supporting responsible solutions that don't affect beneficiaries, but do make the system more efficient."

AARP says there were nearly $16 billion in Social Security benefits paid to Arizonans last year, supporting an estimated 200,000 jobs.




get more stories like this via email

more stories
A survey from the American Heart Association revealed 79% of respondents neglect their health during the holidays. Many say they find this time of year more stressful than income tax season.
(deagreez/Adobe Stock)

Health and Wellness

play sound

Holiday travel is in full swing and for many, so is the stress. The American Heart Association of Missouri has health tips for anyone with heart …


Health and Wellness

play sound

By Amy Felegy for Arts Midwest.Broadcast version by Mike Moen for Minnesota News Connection reporting for the Arts Midwest-Public News Service Collabo…

Health and Wellness

play sound

With Christmas less than a week away, experts are giving advice on how seniors and the community can fight against social isolation. A United Health …


A new University of Miami study has found buildings in Sunny Isles Beach and Surfside have been sinking by 2-8 centimeters between 2016 and 2023. (Adobe Stock)

Environment

play sound

When the Champlain Towers South collapsed in Surfside in 2021 taking 98 lives, it sent shock waves across South Florida. The tragedy has left …

Environment

play sound

Rural communities across Massachusetts are benefiting from state grants aimed at strengthening the local food supply and building climate resilience…

Dairy digesters remove methane from liquified animal waste. The gas can then be used to generate power. (Lance Cheung/USDA)

Environment

play sound

Three environmental nonprofits filed suit Wednesday against the California Air Resources Board to oppose the expansion of a program allowing oil and g…

Environment

play sound

New York lawmakers are focusing on electrifying municipal buildings. Buildings statewide make up 32% of New York's greenhouse gas emissions and …

Social Issues

play sound

North Dakota is expected to rejoin the debate over whether all school children, regardless of their family income, should have access to no-cost …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021