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
Job Postings Indian Coast Guard Job Exchange CII NRRB Trans Work SURVEY Union Education Minister Business News Maharashtra Govt Generation Z Sensex Fake Employment Agents Job Offer Zomato Military Communication Sbu PET Exam Internships Tamil Nadu SAVE Economy Revival Promotion Follow Your Passion Student Life Digital Marketing Salary Breakdown FarEYe Private Equity Jobs In Jammu Paramedical Professionals Customer Service Jobs Jobs In UAE Fake Jobs ITC Online Platform SWAN Guidance Redundant Jobs SAIL Recruitment Reliance Social Welfare Digital Nomad Animation Jobs Labour Law IIM Remote Jobs Karnataka High Court Jobs Unemployment Rate Concentrix Corporation Fintech Jobs
Articles

Know the Work Habits of Highly Effective Employees

The employees are the most valuable assets of any organization. It’s their credibility, efficiency, ...Read more

The Future of Gig Employment

There’s no denying that the gig economy has seen much growth since the last recession. With the spr ...Read more

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

This Thanksgiving - Give Thanks To All These People

This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...Read more