Funeral services are expensive. In 2019, the median funeral cost was $7,640—$5,150 for a funeral with cremation—according to the National Funeral Directors Association.
The Consumer Product Safety Commission (CPSC) has jurisdiction over more than 10,000 types of consumer products. Mandatory standards govern only a small number of products.
For many older adults, travel is important as a way to encounter new experiences, visit with friends and family, and obtain necessary medical care.
Social Security benefits are paid through a self-financing system.
Social Security program administration has multiple functions. It processes applications and payments and operates field offices around the country.
Congress should allocate sufficient funding to strengthen the administrative capacity of the Social Security Administration (SSA) to better meet the needs of applicants and benefi
Some proposals to address Social Security solvency would adjust the calculation of initial benefits. Others adjust benefit growth over time.
Social Security benefits are calculated as a percentage of lifetime average earnings.
The number of years used to calculate benefits should not be increased beyond the 35 years designated in current law.
Policymakers should retain wage indexing of both the average indexed monthly earnings and the thresholds used in the formula for the Prim