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Mary Johnson, the long-tenured Social Safety and Medicare coverage analyst on the Senior Residents League whose work has helped to light up the consequences of inflation and entitlement program coverage modifications on susceptible retirees, will retire March 15.
Johnson introduced her choice alongside the discharge of an evaluation displaying that tens of millions of Social Safety beneficiaries are going through an “inflation rollercoaster” in 2024. On the identical time, Johnson warns, many could also be studying that they owe taxes on their Social Safety advantages for the primary time, placing further pressure on cash-strapped older People.
Given the substantial cost-of-living changes loved in recent times, the variety of Social Safety recipients reporting that they paid federal earnings tax on their advantages for the primary time is climbing, based on the most recent survey by the Senior Residents League. In the course of the 2023 tax season, for instance, 23% of survey contributors who obtained Social Safety for 3 years or extra mentioned they paid tax for the primary time.
“Quickly, will probably be time for me to take my recommendation and learn the way effectively it really works in actual life,” Johnson jokes. “Changing into a spokesperson for the Senior Residents League has been amongst my favourite duties. I really like listening to your questions and dealing with every of you.”
Most of all, Johnson says, she appreciates the boldness the media and the general public — “and the actual fact checkers” — have positioned in her evaluation, recommendation and estimates.
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