Tag: older American
It is a cruel farce. Scammers use the names of federal agencies charged with protecting citizens’ financial security to rip them off. The Consumer Financial Protection Bureau (CFPB) has confirmed the existence of a new scam in which someone purporting to be from the agency contacts individuals and tells them they are eligible for a…
The brief’s key findings are: As life expectancy rises, more retirees face the higher poverty risk associated with very old ages due to declining resources, cumulative inflation, and widowhood. In response, some propose boosting Social Security for the oldest old by either: adopting an annual cost-of-living-adjustment (COLA) for all retirees that more closely matches t…
