Those expenses eat away at her monthly Social Security payment, making it harder for her to afford other necessities, including food. A vegetarian, she was shocked to recently find that a single red bell pepper cost $2. "If you want to buy healthy food, it's a fortune now," said Portz...
Nearly half said they had visited a food pantry or applied for food stamps, more than double the share in the 2021 survey. And more applied for assistance with medical and prescription drug costs, as well as utility bills and rent. Social Security benefits have lost 40% of their buying pow...
Earlier this year, federal emergency COVID assistance for SNAP (food stamps) and Medicaid also ended. Americans are also facing the possible reality that the Social Security trust funds could become insolvent by 2033, triggering an annual benefits cut of $17,400 in today's dollars,...
Higher incomes because of the large COLA increases over the past three years may impact some seniors' eligibility for low-income assistance programs such as SNAP and rental assistance, the TSCL warned. Earlier this year, federal emergency COVID assistance for SNAP (food stamps) and Medicaid also ...
Higher Social Security payments are a bit of a Catch-22. They can reduce eligibility for low-income safety net programs like food stamps and can push people into higher tax brackets. More significant payments, essentially, do not necessarily result in more money in people's pockets. ...
On average, Social Security retirement benefits will increase by more than $50 per month starting in January.
The true nature of Social Security is that it is an intergenerational, income-transfer, wealth-redistribution welfare program that takes money from those who work and gives it to those who don’t. And if that is the case, then Social Security — as much as food stamps, Section 8 housing ...
These are designed so that the disabled individual can still receive the benefit of the assets without losing eligibility for SSI, Medicaid, food stamps, Section 8 housing, or other means-tested assistance. Otherwise, you may be forced to spend down these assets before you or your disabled love...
Still, the decades-high benefit increase is not always good news for recipients, according to Johnson. Higher Social Security payments are a bit of a Catch-22. They can reduce eligibility for low-income safety net programs like food stamps and can push people intohigher tax brackets. More sig...
Proposed a budget which halves funding of Medicaid and decrease by 25% funding for food stamps. tries to get rid of Obamacare such that 23 million would be without health coverage and older and ill people would be paying a lot more. Positively supports the sale of armaments and encourages ...