Social Security

Targeting seniors, Obama touts Medicare report

President Barack Obama reached out on Saturday to retired Americans, an important group of voters, touting a report that showed healthcare reform had brightened prospects for the Medicare hospital trust fund.

Jobless rate to stay high: former Fed No. 2

The United States will suffer high unemployment for some time as it slowly recovers from the deep recession that ended in 2009, a former second in command at the Federal Reserve said on Wednesday.

Greek pension bill passes preliminary vote test

Greek lawmakers agreed in principle on an overhaul of the country's ailing pension system in a preliminary vote on Wednesday, in a sign that a reform key to restoring the country's ailing finances is likely to pass.

Hungary govt mulls bank tax, pension change-website

Hungary's government is considering the introduction of a special tax on banks and channelling private pension funds to the state system among options as it drafts its economic action plan, online news portal Index reported on Monday.

Most Americans: Tax the rich but not me

Most Americans believe tax hikes are OK if you're making more than $250,000, a policy proposed by President Barack Obama, but hands off Medicare and Social Security, a poll released on Monday found.

Senate rejects $250 checks for elderly

A measure to give some 57 million elderly people, veterans and persons with disabilities a $250 check was rejected by the Senate on Wednesday, a setback for the powerful seniors' lobby.

Jobless claims unexpectedly rose last week

The number of workers filing new applications for jobless insurance unexpectedly rose last week, bumped up by seasonal adjustments, according to government data on Thursday that still suggested the labor market was improving.

Americans may live longer and cost more: study

Americans may live significantly longer in the future than current U.S. government projections, and that could mean sharply higher costs than anticipated for Medicare and other programs, researchers reported on Monday.

Poor health puts older workers off staying: study

Working conditions must be improved for older people if governments and companies are to persuade them to continue contributing to economic growth into their old age, according to Swedish and British scientists.

Obama unveils measures to spur retirement saving

U.S. President Barack Obama announced new measures on Saturday to encourage Americans to save more money for retirement, a move the White House said would put the economy on a stronger footing in the future.

Health Care Reform Bill - Full Text here

Below is the full text of the Health Care Reform Bill HR 320. Section 1233 of the Health Care Reform Bill HR 3200 is over 1,000 pages long and was crafted by House Democrats. The bill shows it would take the better part of a decade — from 2010-2018 — to get all the components of the far-reaching proposal up and running.

U.S. consumer spending rises

U.S. consumer spending rose slightly more than expected in June, lifted by expenditures on nondurable goods even as incomes saw their biggest drop in four-and-a-half years, a government report showed on Tuesday.

U.S. jobless claims fell 13,000 last week

The number of U.S. workers filing new claims for jobless benefits dropped by 13,000 last week, the Labor Department reported on Thursday, but so-called continued claims hit a new record as the recession took a further toll on job prospects.

U.S. workers on jobless benefits at record high

The number of U.S. workers drawing state unemployment benefits scaled another record high early this month, government data showed on Thursday, highlighting the difficulties of getting new jobs as the economy battles a severe recession.

U.S. workers on jobless benefits hit record high

The number of U.S. workers drawing state unemployment benefits scaled another record high early this month, government data showed on Thursday, highlighting the difficulties of getting new jobs as the economy battles a severe recession.

Obama considering expanding jobless benefits: report

NEW YORK - President-elect Barack Obama and Congressional Democrats are considering a major expansion of government-assisted health care insurance and unemployment benefits as part of a two-year economic recovery program, The New York Times reported in its Sunday editions.

IRS: File your tax return or no stimulus check

Americans eligible for tax rebates of $300 to $1,200 under the new fiscal stimulus act will not receive their payments until they file a 2007 income tax return, even if they make too little to owe any taxes, the Internal Revenue Service said on Wednesday.

How to Get Your Tax Rebates

Tax payers can expect to receive rebates starting in May, after President George W. Bush today signed into law a bill authorizing payments from $300 to $1,200 to more than 130 million people. The rebates are part of $168 billion plan approved by lawmakers this month to give a booster shot to the slowing U.S. economy. The stimulus package also includes tax breaks for businesses when they invest in new plants and equipment.

Indians are wise savers but poor investors: Survey

A recent nationwide survey of over 60,000 households by National Council of Applied Economic Research (NCAER), New Delhi and Max New York Life has revealed that people in India do not plan for long-term future and keep away from investing in long-term instruments though they save for long-term goals such as emergencies, education and old age.

What retirement calculators don't tell you

Those online retirement calculators are handy and dandy. Pop in a few numbers and they tell you whether you're on track for the retirement of your dreams... or, more likely, that there's been a serious derailment.