Legislative gridlock can be a very good thing.
The divided Congress, reports Bob Blancato in MarketWatch, means that the push for "entitlement reform" has lost traction. That happened as a result of the midterms, in which 48% of us over-65 voted for Democrats.
"Entitlement reform" is Orwellian-speak for cuts in benefits for the aging such as Social Security and Medicare. Fortunately, that won't happen in Congress in the near term.
Right now, we aging who are receiving "entitlements" are sitting pretty.
For 2019, our Social Security payment will be increased 2.8%. Meanwhile, the monthly cost of our Medicare, pulled from the Social Security payment, only will increase $1.50.
In addition, in many locations around the U.S. there are Medicare insurance supplement plans which have no monthly premium. They also have a ceiling on the out-of-pocket co-pays for any year. Even at the high end, such as $6000+, the expense is manageable.
Fortunately, fewer of us are depending primarily on Social Security.
Those of us who want to continue to work have figured out how to find it. Here is my guide, free to download, on how to navigate both boom and recessionary economies to earn a buck Download Outwitting ageism.
In addition, as The New York Times reports, employers are recognizing our value. In fact, our generation represents the fastest growing age group in the labor force.
The rub comes when struggling to land, hold, and get promoted in those "good" jobs. In that niche, age bias is still dominant. To manage that reality more of us are discovering that we have to evolve into The Scrambling Generation.
Daily we have to manage both the setbacks and opportunities in our professional lives. There is no settling in, at least not if we are determined to continue to earn income.
Here is an e-book, also free to download, on doing the scramble.
Coaching and Thought Leadership Ghostwriting about Issues Associated with Aging.
Complimentary consultation, sliding scale fees. Please contact Jane Genova at janegenova374@gamil.com.
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