From WSJopinion: For 60-year-olds, the biggest financial hit from Covid-19 will be to their Social Security benefits. The reasons are technical but the cost will be thousands of dollars a year, writes biggsag
The Covid-19 pandemic has been tough on Americans nearing retirement: Their 401 balances have been reduced and, so long as shutdowns of businesses are in place, it’s harder for workers to delay retirement.
This would seem to make Social Security more important than ever. But for a small group of Americans—those who turn 60 in 2020—the biggest Covid financial hit will be to their Social Security benefits, potentially costing them thousands of dollars a year. The reasons are technical, but the hit can be severe.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Column: America's pathetic sick leave policies are killing our coronavirus responseAmerica lags the world in paid sick leave, hobbling our fight against COVID-19.
Read more »
Why It’s Not Too Late For Contact TracingAs the U.S. starts to reopen amid the COVID-19 pandemic, experts say we’ll need to track everyone who has come in contact with a COVID-19 patient to stop new ch…
Read more »
Lockdown Eating Has Thrown Off My Blood SugarsAdding extra pounds during a period of high anxiety, like the COVID-19 pandemic, is precisely what people with type 2 diabetes don’t need.
Read more »
Twitter To Allow Employees To Work From Home After CoronavirusTwitter will give all its employees the right to work from home after the coronavirus pandemic subsides by rachsandl
Read more »
Why the Increase in Domestic Violence During COVID-19?5 reasons why the pandemic has been linked to a surge in domestic violence
Read more »
Opinion | Medical Lockdown Will Cause a Disease SurgeFrom WSJopinion: The number of people who die as a result of delayed check-ups and treatments could rival the deaths from Covid-19, write Dr. Jeff LeBenger and Mike Meyer
Read more »