![gettyimages-144560286.jpg](https://assets1.cbsnewsstatic.com/hub/i/r/2023/02/24/d0dfb226-5aa0-4fd4-bb61-6957d4e1e9dd/thumbnail/640x360/87a96c15823aa76fe91189efa5b6e620/gettyimages-144560286.jpg?v=5710b2ed1cee1bdfd30cb9c02455b43d#)
Why Social Security's next cost-of-living hike could hurt seniors
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Watch CBS News
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Each year, seniors and others on Social Security receive a cost-of-living adjustment. Next year, they'll see an 8.7% hike.
With inflation forcing many seniors to cut back on food and medicine, annual cost-of-living hike will boost their income.
The 8.3 percent hike in the consumer price index is especially bad news for retirees living on fixed incomes.
If you're one of the millions of people who receive Social Security benefits, you're going to see a bigger check soon.
The Social Security Administration has announced the cost-of-living adjustment (COLA) increase for 2021.
A bill crafted by Sens. Charles Schumer of New York and Bob Casey of Pennsylvania will be offered in mid-November, when Congress returns to session following the midterm elections.
Rep. Carolyn Maloney, a Democrat, requested the inquiry in letters sent Monday to the inspectors general at the Justice Department and Social Security Administration.
Declared dead by social security? Believe it or not, that's what happens to thousands of living people each year.
While Sophia stayed at No. 1, Jacob usurped Michael as the top picked baby name for a boy in New York last year.
Next year's raise will be small because consumer prices, as measured by the government, haven't gone up much in the past year.
As of August, the senator says more than 19,000 seniors nationwide have reported identity thefts. That's about 50 each day.
The names Sophia, for girls, and Ethan, for boys ranked number 2 in terms of New York City popularity for 2010.
Imagine if you were declared dead, not once, not twice but three times and lost your only source of income. An elderly Staten Island woman who is very much alive and well is living a red tape nightmare.
With no increase in Social Security, the White House said it's pushing Congress to give seniors, veterans and the disabled a $250 bonus check. Seniors in New York say they desperately need it.
To make up for the lack of a cost of living adjustment, members of Congress are pushing for a one-time payment of $250 for seniors.
It's one of the most striking fallouts from our nation's bad economy: Social Security is facing a rare shortfall this year as a wave of people is opting to collect payments before their full retirement age.
An East Quogue woman is fighting a battle with the government to prove she is among the living.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Prime Day may have officially ended, but that doesn't mean there aren't still deals to shop.
The NYPD has revealed chilling new details in the killing of a beloved East Harlem salon owner. They say Vianel Garcia, 44, was killed by her own son, 22-year-old Miguel Duval, who faces second degree murder charges.
Clean up with the best robot vacuum deals that are still available after Prime Day.
Prime Day is over, but the deals roll on. Upgrade your tool kit with this premium Dewalt drill and save $100 today.
The NYPD has revealed chilling new details in the killing of a beloved East Harlem salon owner. They say Vianel Garcia, 44, was killed by her own son, 22-year-old Miguel Duval, who faces second degree murder charges.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
A funeral is being held Thursday for NYPD recruit Edgar Ordonez, who died last week after he collapsed during training in the Bronx.
New York City police say officers shot a man who was wielding a machete late Wednesday night in the Mott Haven section of the Bronx.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
Severe weather moved through parts of the Tri-State Area amid another heat wave Tuesday, causing widespread damage.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
After several days of searing, summer heat, we've finally got some good news for the Tri-State Area, weather-wise.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
Pressure is mounting on convicted felon Bob Menendez to resign from the U.S. Senate, but not everyone thinks he will.
New York and New Jersey coped with another day of excessive heat and humidity Wednesday, as well as severe weather.
New York's next offshore wind farm, Sunrise Wind, will be seven times bigger than its first one.
Officials in Hempstead are warning beach goers about recent shark sightings and rough seas.
Nassau County Executive Bruce Blakeman signed a a controversial transgender athlete ban Monday which passed last month by the Nassau County legislature along party lines.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
The First Alert Weather Team has issued a Red Alert through Wednesday due to excessive heat and humidity in New York City, New Jersey and the entire Tri-State Area.
The U.S. Secret Service is facing mounting questions about the security flaws that allowed the shooter to fire from a rooftop near the rally.
Heat-related cancellations and delays continued Thursday on NJ Transit lines, prompting anger from riders.
Former President Donald Trump is slated to accept the GOP's nomination for president on the fourth and last day of the Republican National Convention.
Ohio Sen. JD Vance delivered a speech on the third night of the Republican National Convention and accepted the party's nomination for vice president.
Sen. Bob Menendez is refuting reports that he's planning to resign after he was convicted on federal bribery charges.
Physical effects of heat waves, like heat stroke, are widely known. But scientists are now sounding the alarm on psychological consequences of extremely high temperatures.
At least two cases of measles have been found in people staying at a New York City-run shelter for migrants in Brooklyn.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A first responder on Long Island is said to be the first in the country, outside a clinical trial, to undergo a life-saving surgery for peripheral artery disease.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
Run-DMC's Darryl McDaniels will headline this weekend's free SummerStage concert at Flushing Meadows-Corona Park in Queens.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
Shannen Doherty had been battling cancer since 2015.
Judge Mary Marlowe Sommer dismissed the case with prejudice based on the misconduct of police and prosecutors.
Josef Martínez scored two second-half goals to help CF Montreal rally for a 2-2 tie with the New York Red Bulls.
Mounsef Bakrar and Talles Magno each scored a second-half goal to help New York City FC rally and play Atlanta United to a 2-2 tie.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Fans appeared to breach the security gates at Hard Rock Stadium hours before the Copa America final between Argentina and Colombia.
Michael Toglia hit three of the Rockies' six homrs in an 8-5 win over the Mets on Sunday.
It's a tradition that dates back to 1887. Worshippers in Brooklyn paraded through the streets, a beloved Italian tradition.
Yehuda Beinin said his daughter was held in two different homes in Gaza for 54 days.
The New York City Department of Environmental Protection is installing seven miles of porous pavement in Brooklyn.
CBS New York first reported in April that drivers were illegally parking cars in a grassy area alongside a bike lane under the Queensboro Bridge. Since then, community members say they've seen little improvement.
Mayor Eric Adams' rezoning proposal, dubbed "City of Yes," sparked debate at a lengthy public hearing Wednesday.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
A funeral is being held today for NYPD recruit Edgar Ordonez, who died last week after he collapsed during training in the Bronx. CBS New York's Natalie Duddridge has a look at how he's being remembered.
CBS New York's John Elliott says the heat wave is over. Thursday and Friday will feature temperatures in the mid-80s, with low humidity.
Riders voiced their frustrations on Thursday as they waited at the Secaucus Junction train station. CBS New York's Christine Fan reports.
Police say the shooting happened after officers responded to a domestic disturbance at a luxury building in Mott Haven late Wednesday night. CBS New York's John Dias reports.
Darryl "DMC" McDaniels from the iconic hip-hop group Run-DMC joins CBS New York to talk about his free show in Queens, mental health, and his new cookie business.