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Social Security Beneficiaries Will See A 5.9% Benefit Hike In 2022

parashuram shalgar

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Golden State stimulus (2)

Due to its annual cost-of-living adjustment, existing Social Security recipients will see their gross benefits increase by 5.9% in 2022.

More than 50 million people in the U.S. are, as of late, relying on Social Security for a part of their retirement income. When you also consider that about 180 million have paid into the system, it’s evident that the program is serving some foundation to the majority of the people’s retirement plans.  

What Americans Should Be Anticipating From Social Security in 2022

Albeit such a fact, its future is pretty much at risk. An example of it is Treasury Secretary Janet Yellen indicating its payments were at risk if the debt ceiling didn’t get an increase early this year. To that end, folks should expect these from the program next year.  

COLA’s 5.9   

It’s already a known fact that the highest cost of living adjustment (5.9 percent) in 40 years is scheduled to go live next year. Despite being deemed such, it may well seem that it won’t be sufficient to keep up the overall inflation that we endured this year. Additionally, according to Motley Fool, the Bureau of Labor Statistics stated that the overall Consumer Price Index was upped by 6.8 percent in the 12 months through November this year.   

Social Security funds going gone  

Another thing to point out is that, albeit the increased tax burden in funding Social Security, simply under the calendar advancing a year, the date that the program’s trust funds are expected to run dry will be earlier than anticipated (projected to be emptied by 2034).  

High income=Higher taxes  

Next year, the wage base on which taxes from the program are levied will also be upped to $147,000 from $142,800. This is a $4,200 increase in income to Social Security’s 12.4 percent tax rate in which half of it will be paid by the employer, and employees will pay the other half.  

Likely to do nothing  

Social Security has been known to be the “third rail of American politics.” It borrows the moniker from electrified train tracks where touching the electricity-carrying third rail may likely result in a person’s demise.  

Sadly, such infamy simply translates that neither sides have the eagerness to push forward reforms to Social Security until the trust funds are that close to drying out that they have no other choice. For the uninitiated, the last massive reform to the program happened in 1983 – before the trust funds were expected to empty the last time. 

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Bob Throndsen Died: How Did He Died?

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Bob Throndsen, a seasoned American journalist best recognised for his decades-long affiliation with KOMO News, tragically lost suddenly on February 4, 2023, at 75. Everyone who knew him has expressed their sorrow at his departure, and mourning has spread throughout the community for this veteran American journalist.

Keep reading this article to learn more about the late American journalist Bob Throndsen, his cause of death, and other details!

Bob Throndsen

Bob Throndsen

Veteran American journalist Bob Throndsen is best known for his lengthy affiliation with KOMO News. As a broadcast journalist, he also received numerous Emmy nominations.

Initially, Bob worked in Philadelphia and Portland, Oregon, before joining KOMO. Managing editor and news director at KOMO TV News and KOMO News Radio, he spent 34 years working for KOMO News. During his tenure, the station received Edward R. Murrow Awards for Best Newscast and Overall Excellence. In 2012, he left KOMO for good.

Bob Throndsen: Cause Of Death

Bob Throndsen, a seasoned journalist with KOMO News, tragically passed unexpectedly on February 4, 2023, at 75. According to reports, the late journalist was reportedly at his Edmonds home when he passed away. Through a tweet on their Twitter account, @komonews, KOMO News independently confirmed the news of Bob Thorndsen’s passing.

The cause of Bob Throndsen’s passing has not been formally confirmed by his family or acquaintances. As a result, it is now uncertain what caused his death. It is anticipated that Throndsen’s family will shortly provide more details about his passing and funeral.

 

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At a rodeo in North Carolina, a 14-year-old boy dies after being flung from a bull

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At a rodeo in North Carolina, a 14-year-old boy dies after being flung from a bull

After riding a bull at a rodeo in King, North Carolina, a 14-year-old boy lost his life.

According to sources, the event happened on Saturday night when emergency services responded to a cardiac arrest call at the Rafter K Rodeo Winter Series at around 8.24 p.m., according to Brandon Gentry, director of emergency services for Stokes County.

At a rodeo in North Carolina, a 14-year-old boy dies after being flung from a bull

The teen was identified as Denim Bradshaw by the rodeo’s Facebook page, and he was taken to a hospital, where he eventually passed away.

Amanda Paquette told WFMY that she went to the rodeo and witnessed her son enter the bullpen after watching him participate. The bull bucked twice and then fell off as the doors opened. The kid claimed to the magazine that the bull pounded on her chest after she fell.

Before Stokes EMS arrived, two EMTs intervened, according to Stokes County emergency services.

“Like, I’m a single mom, I had spent these last two weeks saving my money to buy my son everything he needed for the rodeo,” Ms Paquette told WFMY. “I wanted to make sure that he had everything he needed to be safe, but she has no idea that the next day her son wasn’t going to be there with her.”

William Cooper, a bull rider with years of experience, also witnessed the occurrence. He told the local TV station that it reminded him of being stepped on.

“The way he come off too and everything. I don’t know if he had time to move out of the way or not, it slammed him to the ground like I was. I didn’t have time to roll over or nothing, it just slammed me down to the ground hard,” Mr Cooper told sources.

“Last night was the longest night of my life!!” the teenager’s mother, Shannon Bowman, wrote in a post on Facebook on Sunday morning. “My beautiful handsome 14-year-old son … went to be with the lord! I awoke in a nightmare for the rest of my life! I hate myself for this call but he was loving every second of it I never seen him so happy as I had seen him last night before his departure.”

“Denim baby you did it!! You did that!! I’m so proud of your braveness and your courage! My lil cowboy I will love and miss you so much and I know God will take care of you. For the sake of your bull-riding friends there really should be EMT on site in this sport! That ride was a little [too] long,” she added.

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Cindy Williams Died: Here Is What You Need To Know

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Cindy Williams Died: Here Is What You Need To Know

In one of the most well-known American television shows, “Laverne & Shirley,” Cindy Williams played Shirley opposite Penny Marshall’s Laverne. In a statement from her family, the AP reported on Monday that she had passed away at 75.

Cindy Williams Died: Here Is What You Need To Know

Following a brief illness, Williams passed suddenly in Los Angeles on Wednesday, according to a statement from her children, Zak and Emily Hudson.

“The passing of our kind, hilarious mother, Cindy Williams, has brought us insurmountable sadness that could never truly be expressed,” they said.

“Knowing and loving her has been our joy and privilege. She was one of a kind, beautiful, generous and possessed a brilliant sense of humor and a glittering spirit that everyone loved.”

Williams, a Los Angeles native, started her acting career in TV advertisements before getting parts in movies by renowned filmmakers Francis Ford Coppola and George Lucas.

In the well-known “Happy Days” series, she and Marshall debuted in 1975 as Shirley Feeney and Laverne DeFazio. The spinoff “Laverne & Shirley” came next, airing for eight seasons from 1976 to 1983 with 178 episodes.

In the 1950s and 1960s, the tale follows two roommates working in a Milwaukee bottling plant. Laverne is known for her casual style and thick Bronx accent, whilst Shirley is the more polite of the two.

Michael McKean and David Lander were in the supporting cast as Lenny and Squiggy, the zany neighbours of Laverne and Shirley.

Marshall previously characterised Laverne & Shirley’s success in the following way: “We dared to be stupid.”

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