For older Americans, Social Security is the primary source of income. It is funded through payroll taxes and is based on an average of earnings and inflation. Inflation is taken into account to ensure benefits remain at the same level for as long as possible. So the main question is, “How much will I receive?”
Social Security provides the majority of income for older adults.
As a significant source of income for older Americans, Social Security is a vitally important program. Over one in four elderly Americans rely on Social Security as most of their income, and 65% of retired persons depend on it for over half of their income. In addition, more than half of married couples and one-third of single recipients depend on Social Security for over 90% of their income. Meanwhile, only about one-third of unmarried older people rely on Social Security for more than half of … Read more
NEW YORK The scandal over improper sales practices at Wells Fargo & Co extended to thousands of small-business house owners, based on a U.S. lawmaker, elevating questions in regards to the scope of the financial institution’s points with unauthorized accounts.
Owners are typically knowledgeable about their business experience but not about banking services, stated Peter Conti-Brown, a financial regulation professor on the University of Pennsylvania’s Wharton School. For example, a new dentist who borrows from a bank to buy a practice might then want other services that she doesn’t even know exist, corresponding to payroll management or credit score-card clearing.
The Associated General Contractors of America has elevated its price range for advocacy for new infrastructure measures by 25 p.c, from $800,000 final yr to $1 million this year. A December radio interview blitz was deliberate to catch lawmakers of their house districts for the holidays. And the association is … Read more