“The boost in Social Security benefits will be coupled with a 3% drop in Medicare Part B premiums, meaning retirees will get the full impact of Social Security increase.”
There will be some at the low end of the structure who will now receive income high enough to knock them out of the income level required to receive other government benefits such as Medicaid and food stamps. It is also possible, at the high end, that the additional income will push some into a higher tax bracket and potentially cost them higher Medicare premiums.
Doubt that. The folks in that category get so little it wont change things. Have you seen any data on this?