; WASHINGTON WATCH
Congress Considers
Making Relief a Reality
When Rep. Carolyn McCarthy, D-N. Y., goes grocery shop-
ping in her Long Island district, she sees prices going up.
When Rep. Peter DeFazio, D-Ore., talks with older people
in his state, he hears about higher fuel costs for the coming
winter. ; What’s not going up, however, are Social Security payments. For the first time in decades, Social Security beneficiaries will not get a cost-of-living adjustment
(COLA). ; DeFazio, McCarthy, Sen. Bernie Sanders, I-Vt.,
Sen. Richard Burr, R-N.C., and Rep. Ginny
Proposed plans
would give up to
$250 to Social Security recipients.
Brown-Waite, R-Fla., are among those
who have proposed a one-time pay-
DISCOUNT
ment to make up for the lack of COLA.
But their efforts are facing a cost crunch.
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; McCarthy has proposed a bill to provide relief of $150 per Social
AARP’s new sex and
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ity at midlife and beyond.
Schwartz pens The Naked
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The author of 16 books,
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; Relationships
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Security beneficiary, paid for by raising the amount of income subject
to the FICA tax. That amount also is supposed to stay flat because of the
lack of inflation, but raising it as if inflation were in play would bring in $8
Kudos for service
Forty-five individuals and couples have
received AARP’s 2009 Andrus Awards
for Community Service. To read about
their accomplishments, go to www
. aarp.org/volunteers_honored.
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Life Tuner Offers Tools for Fiscal Fitness
It’s in the best interest of today’s young adults to be
proactive in preparing for lifelong financial security.
That’s why AARP created Life Tuner, a personal fi-
nance website designed
for people in their 20s
and 30s, many of whom
turn to their parents for
financial advice and
support. ; The site of-
fers practical tips from
experts; “eight habits” to promote financial health;