Good news for the millions of Americans who rely on Social Security… they will be getting a raise in 2012, the first time since 2009. The Social Security Administration (SSA) announced that the cost of living allowance (COLA) increase for 2012 will be 3.6%. According to SSA, the average monthly benefit for retirees will increase [...]
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Update: Good news for the millions of Americans who rely on Social Security – they will be getting a raise in 2012, the first time since 2009. The Social Security Administration (SSA) announced that the cost of living allowance (COLA) increase for 2012 will be 3.6%. According to SSA, the average monthly benefit for retirees [...]
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As Baby Boomers are getting closer and closer to retirement, they have many questions about Social Security retirement benefits, such as… Will Social Security be there for me when it’s my time to retire? We’ve heard for years that Social Security is going broke. Millions of Americans rely on Social Security to fund all or [...]
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Social security programs first appeared in Europe in response to families moving from farming to working for others as the world became industrialized. Germany established the first social security program way back in 1889. In the United States, the Great Depression triggered an economic crisis that caused millions of seniors to become impoverished. President Franklin [...]
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