HelpWanted.com

Inflation hits retirees in the US

Inflation hits retirees in the US
Rising inflation and low interest rates hit retirees especially those on low to moderate incomes. For most senior citizens, their income sources add up to personal savings and a monthly Social Security check. While the Social Security Check rose by $20, the cost of living calculated by the Social Security Administration was based on the inflation rates of 2019-2020. This calculation did not take into account the pandemic-induced inflation that rose this year. 

Mary Johnson, policy analyst at The Senior Citizens League found out that 86% of retirees said their monthly expenses rose by $20 this year while 40% of them said it rose by more than $100. 

Source: CNN. 
Tags In
UK India

Previous days news

Aug 19 Aug 18 Aug 17 Dec 31 Dec 30

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
J&k Unemployment In India Jobs Sectors Telangana Universities New Jobs Disabilities Jobs Education System Mobile Development Jobs Attrition Rate Payroll Job Fair In Tamil Nadu Trade Unions Manipur Jobs Labor Job Careers After Covid SBI Class Of 2020 Byju's Latest India Jobs Textile Sector Fintech Jobs Board Exams Investment Job Switch Gig Economy Labour Market Gig Job MarketIndiaGig Workers Urban India Jobs Data Entry Jobs Vocal For Global Rajouri Jobs Manufacturing INdustry ISRO Jobs Salary Cut Tejas Fighters Business News Highest Paying Jobs In India PLI Samsung Hiring Reskilling Banking Correspondent Network Himachal Pradesh Nagpur Jobs Andaman And Nicobar Apple Inc Unicorns Gaming Industry India Recession Digital Startups Agro Jobs Post-pandemic Job Market Police
Articles

A complete breakdown of the US Commercial Drivers Licenses

In the United States of America to operate any type of large automobile, you need a license. This i ...Read more

How to Avoid Burnout in 2022

Whatever your work setting may be, it’s important to stay productive while you don’t burn out. Here ...Read more

I-9 Compliance for Remote Employees - A Guide for Companies

More than 50% of the US workforce is working remotely as of now. According to experts, about 25-30% ...Read more

Hiring Secrets of The Most Successful Companies

A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...Read more