4/19/2013 – Budget Negotiating Chip Has Big Downside for Old and Poor (New York Times)

Apr 22, 2013 No Comments by

President Obama has put Social Security on the table in an attempt to reach a bipartisan agreement on the federal budget deficit, a move that would hit the program’s beneficiaries when they are at their most vulnerable.

The president has proposed slowing the rate at which benefits increase over time, a change that would ultimately hit the oldest of the old, often single women, many of whom have probably exhausted any other savings. Many members of this group also face higher health costs, have little hope of working again and often live without the support of a life partner.

Read the full article at The New York Times.

Financial -Landing 2013, Uncategorized

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