Pending

Security Social Security Faces Pending Cut Unless Congress Acts

Washington, DC – Social Security’s financial future hangs in the balance as a government report released on Monday warns that Congress must act within the next decade to prevent a significant cut in benefits for retirees. According to the report from Social Security trustees, the trust fund is projected to be depleted by November 2033, triggering a 21% reduction in benefits if no action is taken. While the latest forecast shows slight improvements in Social …

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Inflation: Low-Income Families Struggle with Rising Costs and Pending Benefit Payouts

London, United Kingdom – Inflation rates have soared to 4.0 per cent, well above the Bank of England’s 2 per cent target, shocking economists who had predicted a decrease. This rise in inflation, coupled with a frigid start to 2024, has led to high bills, food prices, and rents, putting a strain on low-income households. According to research from the Joseph Rowntree Foundation, over half of low-income households reported struggling to afford food or heating …

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