Tag #Senior Citizens

Showing 1 to 12 of 27 results

foxnews.com
🌐 90% Global Worthiness
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\$1 Billion+ Phantom Hacker Scam Devastates Seniors

The Phantom Hacker Scam, costing Americans over \$1 billion since 2024, targets seniors with a three-phase approach involving fake tech support, financial institutions, and government employees, often resulting in irreversible financial losses.

Progress

40% Bias Score

Reduced Inequality
nbcnews.com
🌐 85% Global Worthiness
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Medicare Part D Premiums Set to Surge Up to $50 Monthly

Medicare Part D enrollees face potential monthly premium increases up to \$50 in 2024 due to rising drug costs, the Inflation Reduction Act's cost shift to insurers, and reduced government funding for premium stabilization, prompting experts to urge beneficiaries to compare plans during open enrollm...

Progress

40% Bias Score

Good Health and Well-being
cbsnews.com
🌐 75% Global Worthiness
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FHA's 60% Reverse Mortgage Rule: Impact on Senior Homeowners

The FHA's 60% reverse mortgage rule, implemented in 2013, limits upfront access to HECM loan proceeds to 60% in the first year for borrowers 62 and older, unless paying off existing debts exceeding that threshold, aiming to protect home equity and promote long-term financial stability.

Progress

36% Bias Score

Reduced Inequality
welt.de
🌐 65% Global Worthiness
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High Demand for Senior Events in Thuringian Cities

Thuringian cities report high demand for senior events, including digital literacy training and social programs, despite budget constraints; initiatives aim to combat social isolation and improve digital inclusion, particularly for the growing elderly population with migrant backgrounds.

Progress

28% Bias Score

Good Health and Well-being
forbes.com
🌐 75% Global Worthiness
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Medicare Advantage Plan Confusion Leads to Unexpected Medical Costs

A 2023 survey revealed that over 65% of participants found Medicare confusing; two friends experienced unexpectedly high medical costs after switching to an out-of-network Medicare Advantage HMO plan, highlighting the need for improved plan understanding and transparency.

Progress

44% Bias Score

Good Health and Well-being
cnn.com
🌐 75% Global Worthiness
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Trump Tax Plan: $6,000 Senior Deduction, but Not the Promised Social Security Tax Relief

President Trump's tax plan offers a $6,000 deduction for senior citizens (double for joint filers) between 2025-2028, phasing out above $75,000/$150,000, impacting fewer than half of older Americans and indirectly hastening Social Security and Medicare insolvency to 2032.

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 90% Global Worthiness
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AI-Powered Scams Surge, Causing \$16 Billion in Losses

In 2024, reported internet crime losses in the US exceeded \$16 billion, a 33% increase from the previous year; seniors experienced losses of \$4.9 billion, highlighting the escalating threat of AI-powered scams that exploit human psychology and technological advancements.

Progress

40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Retirement Income Strategies: Social Security, Annuities, and Reverse Mortgages

Many seniors are reevaluating their retirement plans due to longer lifespans, rising costs, and market volatility; Social Security often needs supplementation; annuities offer guaranteed income, but have high fees; reverse mortgages tap home equity but require eventual repayment.

Progress

28% Bias Score

Reduced Inequality
zeit.de
🌐 75% Global Worthiness
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High Demand for Senior Events in Thuringian Cities

Thuringian cities are witnessing high demand for senior-focused events, especially digital literacy programs and social gatherings, despite budget constraints; initiatives aim to combat social isolation and promote digital inclusion among an aging population, although challenges remain in rural area...

Progress

28% Bias Score

Good Health and Well-being
cnn.com
🌐 75% Global Worthiness
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Social Security's New Online Verification Policy to Disrupt Millions

Starting August 18, the Social Security Administration will require online identity verification for address changes, claim status requests, and benefit verifications, potentially forcing 3.4 million people annually to visit field offices due to technological barriers, according to a recent regulato...

Progress

52% Bias Score

Reduced Inequality
foxnews.com
🌐 85% Global Worthiness
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Family Fraud Costs Seniors $28 Billion Annually

Family fraud costs American seniors over \$28 billion yearly, with 70% perpetrated by known individuals; proactive data removal, unlisting phone numbers, and identity monitoring are key preventative measures.

Progress

52% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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Budget Bill's Tax Deduction for Seniors: Misleading Claims and Long-Term Implications

The recent budget bill includes a temporary tax deduction for seniors over 65, providing up to $12,000 for couples, but this indirectly affects Social Security taxes and does not eliminate them for 90% of recipients as claimed by the SSA; the bill accelerates the insolvency of Social Security and Me...

Progress

24% Bias Score

Reduced Inequality

Showing 1 to 12 of 27 results