While the final projections are still to come later in 2017, it is currently estimated that the over 60 million people that are enrolled in the social security program can expect as much as a 2.2% increase in 2018. If it comes to fruition, this will be the largest increase in six years, and that amount will be about 700% greater than the 2017 increase.
There tends to be higher demand for assistance during certain seasons of the year. The key periods of time include at Easter, back to school season, Thanksgiving, as well as Christmas. Many low income families struggle to cover the extra expenses that they are faced with during those times of the year.
Access to health care continues to be a major challenge in the United States. While there has been some progress made over the last few years (mostly due to expanded Medicaid as well as the Affordable Care Act), the country has recently taken a step back. The percentage of the population that is uninsured has been trending up since January 1, 2017, and since the start of the year over 2 million people no longer have health insurance.
The unemployment rate has been hovering in the mid to low 4 percent range in 2017,and companies are almost desperate for able bodied workers. One of the issues being faced by businesses is the fact that hundreds of thousands of people can’t even work due to Opioid abuse. It is estimated that the issue is impacting about 900,000 Americans.
Families shopping for school supplies can save money for their household by making the purchase during the 2017 sales tax holidays. There are several states that still operate these programs, and while the list changes from yer to year, it may be possible for you to save tens or hundreds of dollars per year.