Social Security boost seen as unlikely to help Dems at polls

Norge Nyheter Nyheter

Social Security boost seen as unlikely to help Dems at polls
Norge Siste Nytt,Norge Overskrifter
  • 📰 WOKVNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

The news that 70 million people will see an 8.7% boost in their Social Security checks next year came just weeks before Election Day, but it's unlikely to give Democrats the edge they're desperately seeking at the polls

“It’s going to bring more money to people’s pockets, but it primes people to think about high inflation,” said Marty Cohen, a James Madison University political science professor.

The 8.7% boost in benefits brought a one-word response from 76-year-old retiree and genealogy hobbyist Paul Phelps: “Ouch.”Rising costs will not have any bearing on how he votes in the Nov. 8 election. Neither will the boost he will see in his monthly checks beginning next year. “I don’t think that people understand how difficult it is to get these changes through. And Biden is getting them through,” Browning said.

Republicans have been quick to point out other ways costs are up for older people, highlighting private retirement plan losses over the last year, high gas prices and rising costs at the grocery store. Sen. Rick Scott, R-Fla., proposed plan earlier this year that would require Congress to come up with a proposal to adequately fund Social Security and Medicare or consider phasing them out.

Nowhere has Social Security become more of a campaign issue than the Senate race in Wisconsin, where Democrat Mandela Barnes, the lieutenant governor, is challenging Republican incumbent Ron Johnson.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

WOKVNews /  🏆 247. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Social Security recipients to get biggest benefit boost in 40 years amid record high inflationSocial Security recipients to get biggest benefit boost in 40 years amid record high inflationMillions of Social Security recipients will get an 8.7% boost in their benefits in 2023.
Les mer »

Social Security Recipients to See Biggest Cost of Living Boost Since 1981Social Security Recipients to See Biggest Cost of Living Boost Since 1981Veterans and retirees who receive Social Security benefits are set to get an 8.7% cost-of-living increase next year, the highest since 1981. See the potential bias and similarities in coverage from cnn, foxbusiness and militarytimes:
Les mer »

Social Security inflation adjustment to boost benefits by 8.7% in 2023, biggest since 1981Social Security inflation adjustment to boost benefits by 8.7% in 2023, biggest since 1981Social Security COLA will increase by 8.7% in 2023. The adjustments are based on the CPI-W, a broad inflation measure
Les mer »

Social Security boost: Benefits increasing by 8.7%Social Security boost: Benefits increasing by 8.7%Millions of Americans will see their Social Security benefits increase by 8.7% beginning in 2023, amounting to the largest increase in more than four decades, officials with the Social Security Administration announced Thursday.
Les mer »

Social Security recipients to get biggest benefit boost in 40 years amid record high inflationSocial Security recipients to get biggest benefit boost in 40 years amid record high inflationMillions of Social Security recipients will get an 8.7% boost in their benefits in 2023.
Les mer »



Render Time: 2025-03-12 09:32:00