Increase Archives - DR News - News, Retirement, Finance

Los Angeles Engulfed: Ongoing Wildfires Rage, Fatalities Feared to Increase

Los Angeles — Multiple wildfires continue to wreak havoc across Los Angeles, with firefighters battling relentless flames that show no signs of containment. The escalating situation has prompted fears that the death toll, which currently remains undisclosed, could rise as emergency services struggle to control the spread and rescue affected residents. The fires, fueled by strong Santa Ana winds, erupted suddenly and have since engulfed large swathes of residential and forested areas in and around …

Seniors Await March Social Security Benefits Over $4,000 with COLA Increase

Miami, Florida – Social Security beneficiaries in Miami, Florida, have begun receiving their benefits for March. While some have already received their checks, others are eagerly awaiting the arrival of theirs. This month, retired workers may be eligible to receive over $4,000 in Social Security benefits, providing much-needed financial support to many individuals. The Social Security Administration (SSA) annually distributes around $1.5 trillion in benefits, playing a crucial role in the economic stability of millions …

Tax and Toll Increase Package Launched by Democrats in Maryland House of Delegates Holding State Budget Hostage

ANNAPOLIS, Maryland – Democrats in the Maryland House of Delegates unveiled a bold $1.2 billion tax, toll, and fee increase package on Friday, setting the stage for a contentious budget battle in the state. The proposal aims to address mounting deficit projections in Maryland, reminiscent of the challenges faced during the Great Recession. The comprehensive plan includes measures such as legalizing and taxing online poker and other forms of internet gambling, introducing new fees for …

Social Security 2025 COLA Increase Predicted to be Lower Amid Abating Inflation

Washington, D.C. – The upcoming Social Security cost-of-living adjustment for 2025 is expected to be lower than the increase seen in 2024, as inflation rates are showing signs of abating. The Senior Citizens League, a nonpartisan group, forecasts a 2.4% raise in benefits for next year based on current inflation metrics, aligning closely with the Congressional Budget Office’s projection of a 2.5% increase. This is a decrease from the 3.2% bump seen in 2024. Mary …

Social Security COLA Increase Disappoints American Seniors in 2025

Cleveland, Ohio – The recent estimates regarding the cost of living adjustment (COLA) have left many seniors in the United States feeling disappointed. The Social Security Administration (SSA) typically announces the new COLA increase in October each year. The Senior Citizens League has revised its estimate for the 2025 COLA, setting it at 2.4 percent. This increase has raised concerns among beneficiaries who worry that it may not be sufficient to cover the rising costs …

Social Security Payment Increase Scheduled for March 13th: Retirees to Receive Extra Money

Miami, Florida – Some recipients of Social Security payments will receive additional funds this week. The Social Security Administration has confirmed that retirees who filed for benefits after May 1997 and have birth dates ranging from the 1st to the 10th will be receiving an extra payment on March 13th. In addition to the regular benefit amount, these beneficiaries will also receive an extra 3.2% on their checks due to the cost of living adjustment …

Biden Vows to Protect Social Security and Medicare: Promises No Cuts or Retirement Age Increase

RICHMOND, VA – During his State of the Union address, President Biden promised to prevent any cuts to Social Security or Medicare, as well as rejecting proposals to raise the retirement age. This commitment aims to prioritize the well-being of elderly Americans and ensure the stability of these essential programs. Despite exceeding some expectations, President Biden’s approval ratings remain unchanged. Many are questioning why there still persists some unpopularity surrounding his presidency. The media continues …

Security: Experts Warn Tax Increase Alone Won’t Save Social Security

Miami, Florida – A recent report issued by a prominent think tank has cautioned that a proposed tax increase alone will not be sufficient to bolster the future financial stability of Social Security. The study emphasizes the need for a more comprehensive approach to address the program’s long-term sustainability. According to the think tank’s analysis, the current proposal to increase taxes on high-income earners is a step in the right direction but falls short of …

$1000 Extra Social Security Payment Boost in 2024: Who Qualifies for the Increase?

Washington, D.C. – As the Social Security Administration announces a boost in monthly payments approaching $1,000, eligible Americans are set to receive an additional Social Security benefit in 2024. This financial support aims to enhance the quality of life for families in the United States, offering a significant economic uplift without the need to disclose expenditure details to the administration. The extra $1,000 per month Social Security payment signifies a welcome opportunity for recipients to …

Pension Payment Increase Voted Historic by Swiss Citizens

Geneva, Switzerland – Swiss voters made a significant decision on Sunday, backing a proposal to increase pension payments. This move has been hailed as historic, coming at a time when the country’s aging population is facing escalating living costs. The call by trade unions for a 13th monthly pension payment each year received nearly 60 percent support in the final results. However, another vote to raise Switzerland’s retirement age from 65 to 66 was decisively …