Social Security
Updates and Changes in Social Security
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August 18, 2023
Congress has made a number of changes to Social Security in recent years – chief among them the increase in the retirement age. The full retirement age is 66 for those born between 1943 and 1954, but gradually increases for people born after that until it reaches 67 for those born in 1960 or later.
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Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
