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2016-03-16T00:00:00.000Z

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Wrong Edward Cates?

Edward Cates

Chairman

TSCL

HQ Phone: +44 776 8844 882

TSCL

191A Randolph Avenue

London w9 1dj

United Kingdom

Find other employees at this company (1)

Background Information

Employment History

Contributor
PRWeb

Chairman
League

Logistics Analyst Supervisor
Serco Group plc

Affiliations

Treasurer and Trustee
Bill DeBoer TSCL Chairman

Board Member
Auxiliary

Web References (68 Total References)


TSCL Chairman Ed ...

www.bankrate.com, $reference.date [cached]

TSCL Chairman Ed Cates said in the inflation press release, "The takeaway is that, although the huge drop in fuel oil costs is only 1 area of spending, it's big enough to drive down the cost-of-living adjustment -- even though older Americans drive less as they get older."


TSCL Chairman Ed ...

www.bankrate.com, $reference.date [cached]

TSCL Chairman Ed Cates said in the inflation press release, "The takeaway is that, although the huge drop in fuel oil costs is only 1 area of spending, it's big enough to drive down the cost-of-living adjustment -- even though older Americans drive less as they get older."


New Chart From The Senior Citizens League Shows What The Top 10 Fastest Growing Costs For Older Consumers Are

www.prweb.com, $reference.date [cached]

"In the years when Social Security benefits don't keep up with rising costs, people living on fixed incomes are forced to spend retirement savings faster than planned or worse, go into debt, just to make ends meet," says Chairman Cates.

Washington, DC (PRWEB)March 09, 2016
Even though inflation was too low for a cost - of - living adjustment (COLA) this year, a number of crucial items that older consumers typically buy jumped in cost, according to a new chart released today by The Senior Citizens League(TSCL). "These cost increases are forcing older consumers to make difficult choices," says TSCL Chairman, Ed Cates. "In the years when Social Security benefits don't keep up with rising costs, people living on fixed incomes are forced to spend retirement savings faster than planned or worse, go into debt, just to make ends meet," says Cates.
The attached chart illustrates ten of the biggest cost increases over the past year in items most likely to be found in a typical retiree's household budget.
"While the majority of Medicare beneficiaries did NOT have an increase in their Medicare Part B premiums this year, about one - third pay 16 percent more in premiums than they paid last year - one of the biggest increases in Medicare premiums on record," Cates says. "This especially affects people who have delayed the start of their Social Security benefits and pay for their Medicare by check," Cates explains. Over time however, TSCL studies indicate that Medicare Part B premium, increases are one of the top fastest - growing costs during most retirement years.
Prescription drug costs are another category that TSCL is receiving a lot of comments about from people age 60 and over. "There have been several back - to - back years recently of extreme prescription drug price spikes," Cates says.
...
"The takeaway is that, although the huge drop in fuel oil costs is only one area of spending, it's big enough to drive down the COLA - even though older Americans drive less as they get older," Cates says.


"In the years when Social Security ...

www.prweb.com, $reference.date [cached]

"In the years when Social Security benefits don't keep up with rising costs, people living on fixed incomes are forced to spend retirement savings faster than planned or worse, go into debt, just to make ends meet," says Chairman Cates.

Washington, DC (PRWEB) March 09, 2016
Even though inflation was too low for a cost - of - living adjustment (COLA) this year, a number of crucial items that older consumers typically buy jumped in cost, according to a new chart released today by The Senior Citizens League(TSCL). "These cost increases are forcing older consumers to make difficult choices," says TSCL Chairman, Ed Cates. "In the years when Social Security benefits don't keep up with rising costs, people living on fixed incomes are forced to spend retirement savings faster than planned or worse, go into debt, just to make ends meet," says Cates.
The attached chart illustrates ten of the biggest cost increases over the past year in items most likely to be found in a typical retiree's household budget.
"While the majority of Medicare beneficiaries did NOT have an increase in their Medicare Part B premiums this year, about one - third pay 16 percent more in premiums than they paid last year - one of the biggest increases in Medicare premiums on record," Cates says. "This especially affects people who have delayed the start of their Social Security benefits and pay for their Medicare by check," Cates explains. Over time however, TSCL studies indicate that Medicare Part B premium, increases are one of the top fastest - growing costs during most retirement years.
Prescription drug costs are another category that TSCL is receiving a lot of comments about from people age 60 and over. "There have been several back - to - back years recently of extreme prescription drug price spikes," Cates says.
...
"The takeaway is that, although the huge drop in fuel oil costs is only one area of spending, it's big enough to drive down the COLA - even though older Americans drive less as they get older," Cates says.


TSCL Chairman Edward ...

www.prweb.com, $reference.date [cached]

TSCL Chairman Edward Cates

...
"That can be hard to figure, but rapidly rising healthcare costs, declining health, and the need for increased medical services and prescription drugs as you age will take a growing portion of Social Security benefits," says TSCL Chairman Ed. Cates.
...
"Medicare must be given the authority to negotiate pharmaceutical prices with manufacturers for covered Part D drugs," says Cates.

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