Articles Tagged with Houston Social Security

Concerned elderWhen you live on a fixed income, any increases in your living costs present a huge challenge. For Manny Martinez, whose sole income is his monthly Social Security check, even living in rent-controlled senior housing doesn't protect him from being squeezed when costs go up. There are months when he has no choice but to accept food from the very same church food bank where he is a regular volunteer.

Martinez said it doesn't pay to get a part-time job because his rent would increase.

Martinez hasn't had to borrow money, but his situation is similar to many seniors who are struggling to get by, says The Daily Item in "New Report: More seniors falling into debt."

Bigstock-Couple-running-bookshop-13904324In the article "Social Security Changes in 2016.", AARP provided a full list of the Social Security changes for this year.

No Bump. Social Security beneficiaries will not receive a cost-of-living adjustment (COLA) due to low inflation. This is the third time since 2010 that beneficiaries won't see a raise.

Your Average Monthly Social Security Benefit. The maximum monthly benefit for workers retiring at full retirement age is $2,639. The average monthly benefit for all retired workers is $1,341.

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