Demographic trends indicate a greater number of employees of all ages will assume the role of family caregiver. This trend will no doubt impact employee caregivers ages 18 to 39, as much as those ages 50+. New Hampshire is not immune to this caregiver tsunami. These caregivers will be affected in many ways including physical health, mental well-being and higher health care costs.
If the measure known as Chained CPI is adopted, $623,470,000 in cuts to New Hampshire’s Social Security COLA and veterans’ benefits would occur over the next ten years.
Granite Staters earn Social Security benefits through a lifetime of hard work. But the program is facing long-term financial challenges as the overall population ages and contributions aren’t keeping up with longer life expectancies. And while Medicare provides guaranteed affordable health care, the program’s challenges include rising health care costs and a growing number of people entering the program.