News Now
Social Security and Medicare Trustees See Little Change in Outlook
The financial outlook for Social Security and Medicare has changed little since last year, according to reports from the programs’ trustees. Social Security can pay full benefits until 2034 and Medicare’s Hospital Insurance (HI) trust fund through 2028. Read more: http://www.huffingtonpost.com/paul-n-van-de-water/social-security-and-medic_b_10616798.html
Orange County Community Indicators Worrisome
There are some grim statistics in Orange County’s latest annual Community Indicators Report:
- Nearly 1 in 4 residents lives in poverty.
- Nearly two-thirds of local jobs don’t pay enough for a worker to rent a one-bedroom apartment.
- OC’s cost of living is 85% above the U.S. average, but its median income only 42% higher.
Read more: http://www.ocregister.com/articles/county-720588-percent-orange.html
Almost 750,000 California seniors still working after age 65
An increasing number of Californians are working later in life. Much of the growth is due to baby boomers entering retirement age, but the overall proportion of seniors working or seeking work is also up. Read more: http://www.sacbee.com/site-services/databases/article85405502.html
Prop 55 Seeks to Extend Voter-Approved 2012 Temporary Tax Hikes
In 2012, California voters approved Proposition 30’s temporary tax hikes, which Governor Jerry Brown promised would be a short-term stopgap. Now Proposition 55, which will be on the November ballot, seeks to keep some of Prop 30’s taxes to continue supporting schools, public healthcare, and other services. Read more: http://www.latimes.com/politics/la-pol-sac-jerry-brown-budget-proposition-30-20160703-snap-story.html
Desert Quake Reminds San Diegans to be Prepared
“Earthquakes can strike at any moment, without warning, and [June 10th’s] incident is a reminder to be ready. Being prepared can make all the difference for the safety and survival of you and your family in a major disaster.” Read more: http://www.countynewscenter.com/desert-quake-reminds-san-diegans-to-be-prepared/