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The Social Security cost-of-living increase will go up by 2.8% in 2026, which translates to an average increase of more than $56 for retirees …
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The delayed COLA announcement comes as the national social insurance plan faces a severe financial shortfall in the coming years.
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Nearly 400,000 Social Security and SSI recipients receive their benefits through paper checks.
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The freeze would affect several services including Medicaid coverage for more than 800,000 Nevadans, school meals, and Head Start.
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The IRS detailed the increases in its annual cost-of-living adjustments for pension plans and other retirement accounts.
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Agency officials say the cost-of-living adjustment, or COLA, for retirees translates to more than $50 more on average per retiree every month.
Politics
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Democratic Senator Rosen and her Republican challenger Sam Brown have spent millions on ad buys to win the election.
Politics
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The Sam Brown attack ad "ESSENTIALS" claims that Sen. Rosen's supports of President Biden's record pandemic-era spending packages gave COVID checks to undocumented immigrants. It has been largely debunked.
Politics
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While Sam Brown has previously supported policy plans that included cuts to the federal budget, potentially affecting Social Security and Medicare without specifying protections for these programs, it's important to note that this is not part of his platform for 2024. In fact, he has clarified that he precisely would not cut these essential programs.