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social security: Reverse Mortgage = Economic Stimulus - 01/31/08 01:30 PM
In some of my daily reading yesterday, I came across an interesting fact I had wondered about, but never really researched. I found that the average senior between the age of 65 and 74 spends 92% of their income. This is startling, but not to be outdone, seniors 75 and older spend 98% of their income.
 
On Tuesday, the House approved a plan by a margin of 385 to 35 which excludes a great many seniors because they do not have sufficient income. However, there is some noise being made which would allow seniors to include their Social Security payments … (6 comments)

social security: Social Security "Increase" - 10/17/07 03:33 PM
You all probably have already read this, but for the sake of context: Social Security Going Up by 2.3 Percent
By MARTIN CRUTSINGER, AP Economics Writer
Wednesday, October 17, 2007
(10-17) 08:49 PDT WASHINGTON, (AP) --
Come January, Social Security benefits for nearly 50 million Americans are going up 2.3 percent, the smallest increase in four years. It will mean an extra $24 per month in the average check, the government announced Wednesday.
The cost of living adjustment means that the monthly benefit for the typical retired worker in 2008 will go from $1,055 currently to $1,079 next year.
The adjustment, announced by … (3 comments)

 

Corey Matelli

San Jose, CA

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