Social Security boost will help millions of kids, too

Social Security boost will assist millions of kids, too

WASHINGTON (AP) — Seventy-year-old Cassandra Gentry is looking forward to a hefty cost-of-living grow inside her Social Security benefits — not for herself nevertheless to pay for haircuts for her set of two grandchildren with every one other accompanied by place food on the table.

The trio exist inside a Washington apartment building that houses 50 "grandfamilies" — where grandparents lay clasp of protected from danger keeping of children who do not have parents present.

Gentry, who took inside her grandkids to retain them inside a protected from danger environment, says the boost inside benefits will assist her build ends meet. "I never idea concerning contributing to Social Security when I was working, nevertheless now that's what I be contingent on on," the communications retiree said. "I be contingent on on my Social Security to protected from danger keeping for these kids."

Social Security's cost of living adjustment, or else known while the COLA, for 2023 is expected to exist around 9% or flat higher, the highest inside 40 years, analysts estimate. It will exist announced Thursday morning.

It's not fair elderly people who will gain. About 4 million children receive benefits, with every one other accompanied by an untold number of others too will exist helped since they're actuality cared for by Social Security beneficiaries, occasionally their grandparents.

The impact will exist immense, mainly for low-income retirees exist fond of Gentry, who feels the sore prick of high food with every one other accompanied by vitality costs while she cares for a growing 12-year-old granddaughter with every one other accompanied by 16-year-old grandson. "They eat everything," she joked.

Inflation

Stocks let fall in general on Wall Street ahead of income reports

Former Fed Chair Bernanke shares Nobel for research on banks

Fed gathering minutes, purchaser cost index, large edge earns

Nevada Senate contest tests potency of abortion focus for Dems

She said the monetary boost "is going to assist us, with every one other accompanied by it's going to exist a good since the cost of each item has gone up."

High inflation remains a burden on the broader economy, which has caused the Federal Reserve to lift attentiveness rates inside hopes of cooling high prices.

But inside numerous ways, inflation hits older Americans harder than the relax of the population. Medical costs are a large small portion of the burden.

Coupled accompanied by a decline inside Medicare Part B premium, the Social Security COLA will place additional money inside the hands of the 70 million Americans who receive benefits, including the growing number of grandfamilies exist fond of Gentry's. According to the U.S. Census, inside 2020, there were concerning 2.4 million grandparents in charge of their grandchildren.

That number has increased exponentially since the management has adopted a "kinship care" approach to child welfare, which centers on keeping kids inside homes accompanied by their following of kin, while opposed to foster care.

And inside turn, while Social Security is normally regarded while a program for older Americans, it too is the nation's largest children's support program.

Since the pandemic, Social Security has become flat additional important for children, while "COVID has taken a a large amount of parents," said Maya Rockeymoore Cummings, a nonresident older fellow at Brookings Metro, which is small portion of the Brookings Institution, with every one other accompanied by the CEO of Global Policy Solutions, a communal alter master scheme firm.

The National Institutes of Health reported last October that at least 140,000 U.S. children under number of years 18 had lost a parent or guardian due to COVID.

Cummings says she estimates the real number is a a large amount of higher. "We should comprehend the grow inside the COLA will have a positive netting good on the entire family — not fair older members of the family," she said.

Gentry is an advocate for grandparents who lift their grandkids, with every one other accompanied by the building her family lives inside is at capacity. She said numerous of the grandparents, who are African American with every one other accompanied by support every one other inside their tight-knit community, be contingent on solely on Social Security for their income.

A learning by Global Policy Solutions shows that African American children are inside the greatest need of the added assist from Social Security benefits.

Grandparent caregivers are 60% additional probable to exist inside penury than are grandparents not raising grandchildren, according to the U.S. Office of Personnel Management.

The Child Tax Credit program, which was expanded throughout the pandemic, helped tens of millions of kids with every one other accompanied by their families, contributing to a 46% decline inside child penury since 2020, according to a September Census report.

But that program has ended with every one other accompanied by by that hour dated there are indications t titfer child penury is increasing.

Nancy Altman, co-director of Social Security Works, an advocacy group, said "benefits inside numerous other confederate programs are eroding — nevertheless the COLA makes Social Security unique."

"And for the children who receive Social Security benefits," both straight with every one other accompanied by indirectly, "low-income kids good the most," she said.

William Arnone, leader administrative of the National Academy of Social Insurance, an advocacy organization for Social Security, said while the expected COLA is "generous, it is fair a catch-up" for numerous older Americans who are regularly additional impacted by cost hikes caused by inflation, mainly grandparents taking protected from danger keeping of grandkids.

"With Social Security, all generations benefit," Arnone said.

Gentry said she hopes additional grandfamily communities exist fond of hers go bang up around the country so residents tin provide support for one another when resources are not readily available.

She said she'd too exist fond of to see additional confederate programs element inside grandparents exist fond of her when making policy determinations.

"I always speak our grandparents are heroes, since we stepped inside when nobody else would," she said. "And we did the job."

AP NEWSTop StoriesVideoContact UsAccessibility StatementCookie SettingsDownload AP NEWSConnect accompanied by the definitive spring for worldwide with every one other accompanied by local newsMore from APap.orgAP InsightsAP Definitive Source BlogAP Images SpotlightAP ExploreAP BooksAP StylebookFollow APThe Associated PressAboutContactCustomer SupportCareersTerms & ConditionsPrivacyAll contents © copyright 2022 The Associated Press. All rights reserved.window['titanium-config'] = {"env":"prod","base":"https://apnews.com","afsApi":"https://afs-prod.appspot.com/api/v2","gcsRoot":"https://storage.googleapis.com/afs-prod","googleAnalyticsId":"UA-19104461-33","googleTagManagerId":"GTM-WNXLD4","googleTagManagerIdSecond":"GTM-MCLSCF8","dfpEnvironment":"PRODUCTION","newRelicServerConfig":"./config/newrelic/prod","appVersion":"1050","pianoAid":"wwB5UljV1U","sailThru":true,"gcs":{"projectId":"apnews-prod","bucketId":"apnews-prod","keyFileName":"apnews-dev-cd53a2eb62de.json","immersiveBasePath":"immersive"}}; window['titanium-state'] = {"eyebrow":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":120000},"markdown":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":600000},"hub":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":120000},"card":{"loading":{"afs:Card:399674112139-4727d63afa3667d5c792a288f63b4ac2":false},"error":{"afs:Card:399674112139-4727d63afa3667d5c792a288f63b4ac2":null},"data":{"afs:Card:399674112139-4727d63afa3667d5c792a288f63b4ac2":{"id":"afs:Card:399674112139","shortId":"afs:Card:399674112139","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":"Inflation","embedCardTitleColor":null,"cardHeadline":null,"cardType":"Hub Peek","collectionTagObjs":{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},"contents":[],"disclaimerText":null,"dividerColor":"#000000","expandedStoryCount":null,"feed":[{"id":"urn:publicid:ap.org:778b1d18b9d5bffea85e61cd5ab3ea25","shortId":"urn:publicid:ap.org:778b1d18b9d5bffea85e61cd5ab3ea25","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:778b1d18b9d5bffea85e61cd5ab3ea25","shortId":"778b1d18b9d5bffea85e61cd5ab3ea25","bylines":"By DAMIAN J. TROISE","canonicalUrl":"inflation-japan-asia-economy-financial-markets","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>NEW YORK (AP) — Stocks fell inside afternoon trading on Wall Street Monday ahead of the latest circular of corporate income reports with every one other accompanied by a occupied week of inflation updates.\u003c/p>\u003cp>The S&P 500 fell 1.1% while of 1:05 p.m.\u003c/p>","hasTextOverlay":false,"headline":"Stocks let fall in general on Wall Street ahead of income reports","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"1f564534577447aab6ee7ea722d7d962","leadVideoId":null,"localLinkUrl":"https://apnews.com/778b1d18b9d5bffea85e61cd5ab3ea25","localMemberName":null,"media":[{"id":"1f564534577447aab6ee7ea722d7d962","type":"Photo","caption":"\u003cp>FILE - A trader stands external outside the New York Stock Exchange, Friday, Sept. 23, 2022, inside New York. (AP Photo/Mary Altaffer)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.49987396017141,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/1f564534577447aab6ee7ea722d7d962/","embedCaption":null,"uploaded":true,"flattenedCaption":"FILE - A trader stands external outside the New York Stock Exchange, Friday, Sept. 23, 2022, inside New York. (AP Photo/Mary Altaffer)","updated":"2022-10-10T17:14:01.059577","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Financial Markets Wall Street","jwMediaId":null,"jwVideoStatus":false,"isPlayer":"JW"}],"audioMedia":[],"mediumIds":["1f564534577447aab6ee7ea722d7d962"],"mediaCount":1,"published":"2022-10-10 04:50:53","tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"China","name":"China","canonicalName":"china","isPr":false},{"id":"Earnings","name":"Earnings","canonicalName":"earnings","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false},{"id":"Earningsreports","name":"Earnings reports","canonicalName":"earnings-reports","isPr":false}],"tags":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"China","name":"China","canonicalName":"china","isPr":false},{"id":"Earnings","name":"Earnings","canonicalName":"earnings","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false},{"id":"Earningsreports","name":"Earnings reports","canonicalName":"earnings-reports","isPr":false}],"updated":"2022-10-10 17:13:33","tagIds":["Inflation","apf-business","China","Earnings","Financialmarkets","Earningsreports","apf-GeneralNews"],"title":"Financial Markets","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:399674112139","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":4,"rule":"seo","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"NEW YORK (AP) — Stocks fell inside afternoon trading on Wall Street Monday ahead of the latest circular of corporate income reports with every one other accompanied by a occupied week of inflation updates.The S&P 500 fell 1.1% while of 1:05 ...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>NEW YORK (AP) — Stocks fell inside afternoon trading on Wall Street Monday ahead of the latest circular of corporate income reports with every one other accompanied by a occupied week of inflation updates.\u003c/p>\u003cp>The S&P 500 fell 1.1% while of 1:05 p.m. Eastern. The Dow Jones Industrial Average fell 221 points, or 0.8%, to 29,075 with every one other accompanied by the Nasdaq fell 1.6%. Major indexes are coming off a volatile week where they notched not here gains since of an early two-day rally that shielded stocks from some frail days. U.S. friendship trading was closed.\u003c/p>\u003cp>Technology stocks were the biggest weights on the market. Makers of semiconductors with every one other accompanied by chip manufacturing apparatus too suffered heavy selling following the U.S. management \u003ca href=\"https://apnews.com/article/technology-business-china-global-trade-47eed4a9fa1c2f51027ed12cf929ff55\">tightened sell abroad controls\u003c/a> to boundary China's ability to obtain state-of-the-art computing chips, grow with every one other accompanied by carry on accompanied by supercomputers, with every one other accompanied by build state-of-the-art semiconductors. Nvidia fell 5.1%.\u003c/p>\u003cp>Utilities with every one other accompanied by other companies that are considered less risky, such while family goods makers, held up better than the relax of the market.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Wall Street has been turbulent amid worries concerning stubbornly heated inflation with every one other accompanied by the Federal Reserve's scheme to tame high prices by raising attentiveness rates. The goal is to slow monetary grow with every one other accompanied by cool both borrowing with every one other accompanied by spending inside order to obtain inflation under control, nevertheless the scheme \u003ca href=\"https://apnews.com/article/is-us-economy-in-recession-8be54810a122a2f84f0f7b3329ab1c9e\">risks sending the affluence into a recession\u003c/a>.\u003c/p>\u003cdiv id='afs:Card:399674112139' class='hub-peek-embed' content-id='778b1d18b9d5bffea85e61cd5ab3ea25'>Hub peek embed (Inflation) - Compressed layout (automatic embed) \u003c/div>\u003cp>Investors will potentially obtain a additional comprehensive painting of the Fed's intelligent on Wednesday when the centre edge releases minutes from its latest policy meeting. That's when the Fed made another extra-big attentiveness percentage grow of three-quarters of a percentage point.\u003c/p>\u003cp>"Nobody's arguing concerning whether inflation is falling, its simply the gradient of the slide," said David Kelly, leader worldwide strategist at JPMorgan Funds. "The inflation battle is actuality won with every one other accompanied by the difficulty is the recession battle may exist getting lost unnecessarily."\u003c/p>\u003cp>Wall Street will too obtain important updates on inflation with every one other accompanied by additional insight into how that is impacting retail sales.\u003c/p>\u003cp>The management on Wednesday will release its report on manufacturer prices, which will provide details for inflation on the wholesale flat for businesses. The closely watched report on purchaser prices will exist released on Thursday with every one other accompanied by a report on retail sales will exist released on Friday.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>The latest sales update could corroborate that consumers are increasingly stretched financially, or at least pulling spine on spending. That could dispatch a signal to the Fed, Kelly said. \u003c/p>\u003cp>\"I'm fair hoping the Fed is watching these indicators,\" he said. "It should tell them they're a a large amount of closer to both beating inflation with every one other accompanied by killing the affluence than they believe they are."\u003c/p>\u003cp>A occupied week of closely watched monetary reports comes amid the opening to the latest circular of corporate income reports. Those reports, with every one other accompanied by statements from companies with every one other accompanied by corporate executives, could assist \u003ca href=\"https://apnews.com/article/inflation-business-earnings-393b306b860584372792e32ad4833777\">provide a clearer picture\u003c/a> of how high prices are impacting income with every one other accompanied by profits with every one other accompanied by the expectations for the relax of the year with every one other accompanied by flat into 2023.\u003c/p>\u003cp>PepsiCo, Delta Air Lines with every one other accompanied by Walgreens are among the large companies reporting income this week. Several greatest banks will report their results on Friday, including JPMorgan Chase with every one other accompanied by Citigroup.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Inflation with every one other accompanied by recession risks carry on accompanied by to exist at the top of the list for large concerns, nevertheless COVID-19 with every one other accompanied by its potential to worsen by that hour dated slowing monetary grow continues to linger. Stocks fell inside Hong Kong with every one other accompanied by Shanghai on \u003ca href=\"https://apnews.com/article/health-travel-china-beijing-covid-8d844288393a2f2ccb2cf7eac0b40b32\">news of additional lockdowns inside China\u003c/a> due to rising COVID-19 cases. Markets inside Tokyo were closed for a holiday.\u003c/p>\u003cp>Casino with every one other accompanied by tourist centre operators accompanied by operations inside China slumped over worries concerning the impact from additional lockdowns. Wynn Resorts fell 12.5% with every one other accompanied by Las Vegas Sands fell 8.8%\u003c/p>\u003cp>___\u003c/p>\u003cp>Elaine Kurtenbach contributed to this report.\u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":null,"expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-technology","name":"Technology","canonicalName":"technology","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"China","name":"China","canonicalName":"china","isPr":false},{"id":"Earnings","name":"Earnings","canonicalName":"earnings","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false},{"id":"Earningsreports","name":"Earnings reports","canonicalName":"earnings-reports","isPr":false}],"textColor":null,"layoutType":null,"customLayoutType":null,"styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":null,"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-10-10 04:50:57","enableTblRegion":false},{"id":"urn:publicid:ap.org:2bb3eaee673631c8f8a13a66dd1c946b","shortId":"urn:publicid:ap.org:2bb3eaee673631c8f8a13a66dd1c946b","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:2bb3eaee673631c8f8a13a66dd1c946b","shortId":"2bb3eaee673631c8f8a13a66dd1c946b","bylines":"By DAVID KEYTON, FRANK JORDANS with every one other accompanied by PAUL WISEMAN","canonicalUrl":"nobel-economy-bernanke","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>STOCKHOLM (AP) — Former U.S. Federal Reserve Chair Ben Bernanke, who place his educational expertise on the Great Depression to labour reviving the American affluence following the 2007-2008 monetary crisis, won the \u003ca href=\"https://apnews.com/hub/nobel-prizes\">Nobel Prize inside monetary sciences\u003c/a> down accompanied by set of two other U.S.-based economists for their research into edge failures.\u003c/p>","hasTextOverlay":false,"headline":"Former Fed Chair Bernanke shares Nobel for research on banks","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"f5a2d987403d4476a10a92829b20fedb","leadVideoId":null,"localLinkUrl":"https://apnews.com/2bb3eaee673631c8f8a13a66dd1c946b","localMemberName":null,"media":[{"id":"f5a2d987403d4476a10a92829b20fedb","type":"Photo","caption":"\u003cp>From left, Tore Ellingsen, Hans Ellegren with every one other accompanied by John Hassler members of the Royal Swedish Academy of Sciences announce the Sveriges Riksbank Prize inside Economic Sciences inside Memory of Alfred Nobel 2022, throughout a press conference at the Royal Swedish Academy of Sciences inside Stockholm, Sweden, Monday, Oct. 10, 2022. From left-hand on screen Ben S. Bernanke, Douglas W. Diamond with every one other accompanied by Philip H. Dybvig have been awarded 2022's Nobel Prize inside monetary sciences. (Anders Wiklund/TT News Agency via AP)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.5,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/f5a2d987403d4476a10a92829b20fedb/","embedCaption":null,"uploaded":true,"flattenedCaption":"From left, Tore Ellingsen, Hans Ellegren with every one other accompanied by John Hassler members of the Royal Swedish Academy of Sciences announce the Sveriges Riksbank Prize inside Economic Sciences inside Memory of Alfred Nobel 2022, throughout a press conference at the Royal Swedish Academy of Sciences inside Stockholm, Sweden, Monday, Oct. 10, 2022. From left-hand on screen Ben S. Bernanke, Douglas W. Diamond with every one other accompanied by Philip H. Dybvig have been awarded 2022's Nobel Prize inside monetary sciences. (Anders Wiklund/TT News Agency via AP)","updated":"2022-10-10T16:37:51.940162","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Nobel Prize Economics","jwMediaId":null,"jwVideoStatus":false,"isPlayer":"JW"}],"audioMedia":[],"mediumIds":["f5a2d987403d4476a10a92829b20fedb","282b3bf60e52431399eb5c9b34514841","6e21e9f911a74af29973f68fbef7246d","66454f183d944cc2aebdf21b5e2f6cb2","d17a7e33b45048069e09af4deac3fe62","54b9b15794714fee86dd3b669e293cf2","939600b43af04154b9d4b8a01f574fc1","16176576c2454df0adbe122e05fa76c7","595e8a1f02b845acb7d16884afbc55ae","e871dfe9c35e4330830156251aba94b7","3a06693f7221425f9301d283cbf0b300","a719a0ccedca48979bc2e532433aee2b"],"mediaCount":12,"published":"2022-10-10 07:05:52","tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-science","name":"Science","canonicalName":"science","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Artsandentertainment","name":"Arts with every one other accompanied by entertainment","canonicalName":"arts-and-entertainment","isPr":false},{"id":"Coronaviruspandemic","name":"COVID-19","canonicalName":"coronavirus-pandemic","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false},{"id":"Stockholm","name":"Stockholm","canonicalName":"stockholm","isPr":false},{"id":"Financialcrisis","name":"Financial crisis","canonicalName":"financial-crisis","isPr":false},{"id":"NobelPrizes","name":"Nobel Prizes","canonicalName":"nobel-prizes","isPr":false},{"id":"TheGreatDepression","name":"The Great Depression","canonicalName":"the-great-depression","isPr":false},{"id":"BenBernanke","name":"Ben Bernanke","canonicalName":"ben-bernanke","isPr":false}],"tags":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-science","name":"Science","canonicalName":"science","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Artsandentertainment","name":"Arts with every one other accompanied by entertainment","canonicalName":"arts-and-entertainment","isPr":false},{"id":"Coronaviruspandemic","name":"COVID-19","canonicalName":"coronavirus-pandemic","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false},{"id":"Stockholm","name":"Stockholm","canonicalName":"stockholm","isPr":false},{"id":"Financialcrisis","name":"Financial crisis","canonicalName":"financial-crisis","isPr":false},{"id":"NobelPrizes","name":"Nobel Prizes","canonicalName":"nobel-prizes","isPr":false},{"id":"TheGreatDepression","name":"The Great Depression","canonicalName":"the-great-depression","isPr":false},{"id":"BenBernanke","name":"Ben Bernanke","canonicalName":"ben-bernanke","isPr":false}],"updated":"2022-10-10 16:36:31","tagIds":["Inflation","apf-science","apf-Health","apf-europe","apf-business","apf-topnews","Artsandentertainment","Coronaviruspandemic","Economy","Financialmarkets","Stockholm","Financialcrisis","NobelPrizes","TheGreatDepression","BenBernanke"],"title":"EU--Nobel Prize-Economics","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:595766778705","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":"https://apnews.com/hub/nobel-prizes","rule":"url","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"STOCKHOLM (AP) — Former U.S. Federal Reserve Chair Ben Bernanke, who place his educational expertise on the Great Depression to labour reviving the American affluence following the 2007-2008 monetary crisis, w...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>STOCKHOLM (AP) — Former U.S. Federal Reserve Chair Ben Bernanke, who place his educational expertise on the Great Depression to labour reviving the American affluence following the 2007-2008 monetary crisis, won the \u003ca href=\"https://apnews.com/hub/nobel-prizes\">Nobel Prize inside monetary sciences\u003c/a> down accompanied by set of two other U.S.-based economists for their research into edge failures.\u003c/p>\u003cp>The Nobel panel at the Royal Swedish Academy of Sciences recognized Bernanke, Douglas W. Diamond with every one other accompanied by Philip Dybvig on Monday for research that shows "why avoiding edge collapses is vital."\u003c/p>\u003cp>Their findings inside the early 1980s laid the foundations for regulating monetary markets, the panel said.\u003c/p>\u003cp>"Financial crises with every one other accompanied by depressions are sort of the worst thing that tin occur to the economy,\" said John Hassler of the Committee for the Prize inside Economic Sciences. "We need to have an comprehension of the mechanism behind those with every one other accompanied by what to do concerning it. And the laureates this year provide that."\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>\u003ca href=\"https://apnews.com/article/8737dc6e21444cf9a6e154fcc8597daa\">Bernanke, 68,\u003c/a> examined the Great Depression of the 1930s when he was a professor at Stanford University, showing the danger of edge runs — when panicked people withdraw their savings — with every one other accompanied by how edge collapses led to widespread monetary devastation. He was Fed chair from early 2006 to early 2014 with every one other accompanied by is now accompanied by the Brookings Institution inside Washington.\u003c/p>\u003cdiv id='afs:Card:595766778705' class='hub-peek-embed' content-id='2bb3eaee673631c8f8a13a66dd1c946b'>Hub peek embed (NobelPrizes) - Compressed layout (automatic embed) \u003c/div>\u003cp>Before Bernanke, economists saw edge failures while a consequence, not a cause, of monetary downturns.\u003c/p>\u003cp>Diamond, 68, based at the University of Chicago, with every one other accompanied by Dybvig, 67, who is at Washington University inside St. Louis, showed how management guarantees on deposits tin stop a spiraling of monetary crises.\u003c/p>\u003cp>"Probably the most gratifying thing for us is that policymakers actually seem to comprehend it, with every one other accompanied by the insights that we had, which are attractive simple, could exist used inside the real monetary crisis,\" Diamond told The Associated Press inside Chicago. He added that he was "very happy\" with every one other accompanied by "quite surprised\" to obtain the call.\u003c/p>\u003cp>When it comes to the \u003ca href=\"https://apnews.com/article/russia-ukraine-inflation-covid-health-2f23aa3df0f2f6916ad458785dd52c59\">global monetary turmoil\u003c/a> created by the \u003ca href=\"https://apnews.com/hub/coronavirus-pandemic\">COVID-19 pandemic\u003c/a> with every one other accompanied by \u003ca href=\"https://apnews.com/hub/russia-ukraine?utm_source=apnewsnav&utm_medium=featured\">Russia's war inside Ukraine\u003c/a>, the monetary system is "much, a a large amount of less vulnerable\" to crises since of memories of the 2000s collapse with every one other accompanied by improved regulation, Diamond said inside a call accompanied by the Nobel panel.\u003c/p>\u003cp>The trio's research took on real-world significance when investors sent the monetary system into a panic throughout let fall 2008, prompting the longest with every one other accompanied by most sore recession since the 1930s.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Bernanke, at that hour dated head of the Fed, teamed up accompanied by the U.S. Treasury Department to prop up greatest banks with every one other accompanied by ease a shortage of credit, the lifeblood of the economy.\u003c/p>\u003cp>He slashed short-term attentiveness rates to zero, directed the Fed's purchases of Treasury with every one other accompanied by mortgage investments with every one other accompanied by place up unprecedented lending programs. Collectively, those steps calmed investors with every one other accompanied by fortified large banks — with every one other accompanied by were credited accompanied by avoiding another depression.\u003c/p>\u003cp>The Fed too pushed long-term attentiveness rates to famous lows, which led to fierce censure of Bernanke, mainly from some 2012 Republican presidential candidates who said the Fed was hurting the price of the dollar with every one other accompanied by running the chance of igniting inflation later.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>And Bernanke's unprecedented activism at the Fed established a precedent for the centre edge to respond accompanied by rate with every one other accompanied by strength to monetary shocks. \u003c/p>\u003cp>When COVID-19 slammed the U.S. affluence inside early 2020, the Fed, under Chair Jerome Powell, \u003ca href=\"https://apnews.com/article/virus-outbreak-financial-markets-us-news-ap-top-news-financial-crisis-fdb92db4fe0addab94b29e8d07ae5ec0\">quickly gash short-term attentiveness rates spine to zero\u003c/a> with every one other accompanied by pumped money into the monetary system. The aggressive involvement — down accompanied by massive management spending — fast ended the downturn with every one other accompanied by triggered a strong monetary recovery. \u003c/p>\u003cp>But the fast comeback too came at a cost: Inflation began rising fast last year with every one other accompanied by now is near to 40-year highs, forcing the Fed to reverse way with every one other accompanied by \u003ca href=\"https://apnews.com/article/inflation-jackson-wyoming-economy-prices-56ec82b99e24cab74a9ed102848930a3\">raise rates to cool the economy\u003c/a>. \u003ca href=\"https://apnews.com/article/inflation-prices-94f1b2ea777ec039ae307bd431b338f9\">Central banks around the world\u003c/a> are taking similar steps while inflation erodes consumers' spending power.\u003c/p>\u003cp>In a groundbreaking 1983 paper, Bernanke explored the part of edge failures inside deepening with every one other accompanied by lengthening the Great Depression of the 1930s.\u003c/p>\u003cp>Before that, economists cast clasp in charge of on the Fed for not printing sufficient money to support the affluence while it sank. Bernanke agreed nevertheless found that the shortage of money could not describe why the depression was so devastating with every one other accompanied by lasted so long. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>The problem, he found, was the collapse of the banking system. Panicked savers pulled money not here of rickety banks, which at that hour dated could not build the loans that kept the affluence growing.\u003c/p>\u003cp>"The result,'' the Nobel committee wrote, "was the worst worldwide recession inside modern history.''\u003c/p>\u003cp>"Ben Bernanke's 1983 paper was startlingly first with every one other accompanied by of enduring importance -- not inside explaining how the Great Depression started, nevertheless inside explaining why it lasted so long,'' said former Fed Vice Chair Alan Blinder, an economist at Princeton University. "That insight has affected economists' intelligent at some time since.''\u003c/p>\u003cp>Diamond with every one other accompanied by Dybvig showed that banks amuse oneself a crucial part inside resolving a nettlesome monetary problem: Savers want instant access to their money, nevertheless businesses need hour dated to see their ventures cause profits earlier to they tin repay loans inside full. In a 1983 paper, Diamond with every one other accompanied by Dybvig explored the banks' answer part while intermediary in the centre of savers with every one other accompanied by borrowers.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>They too found that banks are vulnerable: If savers terror their edge is inside danger of failing, they will pull their money out, forcing the edge to call inside loans to lift money to cover withdrawals. To place an extremity to edge runs -- with every one other accompanied by their monetary fallout -- governments tin insure deposits with every one other accompanied by take deed while a lender of last tourist centre to banks.\u003c/p>\u003cp>The insight: "If you could stop the panic, at that hour dated the banks would exist fine,'' said Simon Johnson, an economist at the Massachusetts Institute of Technology who has written concerning the monetary crisis. "That's a very, extremely strong idea that underpins how people believe concerning monetary stability.''\u003c/p>\u003cp>Diamond too established, inside a 1984 paper, that banks amuse oneself a crucial part inside evaluating borrowers' creditworthiness with every one other accompanied by making sure that loans go to worthy projects with every one other accompanied by obtain repaid.\u003c/p>\u003cp>The economics award capped \u003ca href=\"https://apnews.com/article/russia-ukraine-salman-rushdie-science-entertainment-health-0f1485cd7e7a3beb23731e2e38176c9b\">a week of Nobel Prize announcements\u003c/a> inside medicine, physics, chemistry, literature with every one other accompanied by peace. They convey a money award of 10 million Swedish kronor (nearly $900,000) with every one other accompanied by will exist handed not here on Dec. 10.\u003c/p>\u003cp>Unlike the other prizes, the economics award wasn't established inside Alfred Nobel's will of 1895 nevertheless by the Swedish centre edge inside his memory. The earliest winner was selected inside 1969.\u003c/p>\u003cp>___\u003c/p>\u003cp>Jordans reported from Berlin with every one other accompanied by Wiseman from Washington. AP video journalist Teresa Crawford inside Chicago contributed.\u003c/p>\u003cp>___\u003c/p>\u003cp>Follow all AP stories concerning the Nobel Prizes at \u003ca href=\"https://apnews.com/hub/nobel-prizes\">https://apnews.com/hub/nobel-prizes\u003c/a>\u003c/p>","alertLinkDateTime":"2022-10-10 09:54:37","storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":null,"expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-science","name":"Science","canonicalName":"science","isPr":false},{"id":"apf-entertainment","name":"Entertainment","canonicalName":"entertainment","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false},{"id":"Artsandentertainment","name":"Arts with every one other accompanied by entertainment","canonicalName":"arts-and-entertainment","isPr":false},{"id":"Coronaviruspandemic","name":"COVID-19","canonicalName":"coronavirus-pandemic","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false},{"id":"Stockholm","name":"Stockholm","canonicalName":"stockholm","isPr":false},{"id":"Financialcrisis","name":"Financial crisis","canonicalName":"financial-crisis","isPr":false},{"id":"NobelPrizes","name":"Nobel Prizes","canonicalName":"nobel-prizes","isPr":false},{"id":"TheGreatDepression","name":"The Great Depression","canonicalName":"the-great-depression","isPr":false},{"id":"BenBernanke","name":"Ben Bernanke","canonicalName":"ben-bernanke","isPr":false}],"textColor":null,"layoutType":null,"customLayoutType":null,"styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":null,"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-10-10 07:05:55","enableTblRegion":false},{"id":"urn:publicid:ap.org:7de63057c4cd01909750c49e88285255","shortId":"urn:publicid:ap.org:7de63057c4cd01909750c49e88285255","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:7de63057c4cd01909750c49e88285255","shortId":"7de63057c4cd01909750c49e88285255","bylines":"The Associated Press","canonicalUrl":"inflation-health-business-economy-prices","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>A look at some of the answer work events with every one other accompanied by monetary indicators upcoming this week:\u003c/p>\u003cp>FED IN FOCUS\u003c/p>\u003cp>The Federal Reserve releases minutes from its most recent attentiveness percentage policy gathering Wednesday.\u003c/p>","hasTextOverlay":false,"headline":"Fed gathering minutes, purchaser cost index, large edge earns","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":null,"leadVideoId":null,"localLinkUrl":"https://apnews.com/7de63057c4cd01909750c49e88285255","localMemberName":null,"media":[],"audioMedia":[],"mediumIds":[],"mediaCount":0,"published":"2022-10-10 07:11:03","tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Prices","name":"Prices","canonicalName":"prices","isPr":false},{"id":"Consumerprices","name":"Consumer prices","canonicalName":"consumer-prices","isPr":false}],"tags":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Prices","name":"Prices","canonicalName":"prices","isPr":false},{"id":"Consumerprices","name":"Consumer prices","canonicalName":"consumer-prices","isPr":false}],"updated":"2022-10-10 07:10:39","tagIds":["Inflation","apf-Health","apf-business","Economy","Prices","Consumerprices","apf-GeneralNews"],"title":"This Week inside Business","contentSponsor":null,"layoutType":"Text","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:399674112139","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":4,"rule":"seo","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"A look at some of the answer work events with every one other accompanied by monetary indicators upcoming this week:FED IN FOCUSThe Federal Reserve releases minutes from its most recent attentiveness percentage policy gathering Wednesday.","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>A look at some of the answer work events with every one other accompanied by monetary indicators upcoming this week:\u003c/p>\u003cp>FED IN FOCUS\u003c/p>\u003cp>The Federal Reserve releases minutes from its most recent attentiveness percentage policy gathering Wednesday.\u003c/p>\u003cp>At last month's gathering Fed officials raised the centre bank's answer attentiveness percentage by three-quarters of a percent with every one other accompanied by signaled additional large hikes to come. The Fed has been raising borrowing rates inside a provide to squash the highest inflation inside decades. The chance is that if the Fed goes excessively far, it could compress the affluence into a recession. \u003c/p>\u003cp>INFLATION BAROMETER\u003c/p>\u003cp>The Labor Department delivers its September snapshot of purchaser inflation Thursday.\u003c/p>\u003cp>Americans carry on accompanied by to face higher costs, reflected inside a sprint of sharp yearly increases inside the purchaser cost register since summer last year. Prices for U.S. consumers jumped 8.3% inside August from a year earlier. That followed yearly increases of 8.5% inside July with every one other accompanied by 9.1% inside June. Economists predict the purchaser cost register rose 8.1% inside the 12 months ended inside September.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Consumer cost index, yearly percent change, not seasonally adjusted:\u003c/p>\u003cp>April 8.3\u003c/p>\u003cp>May 8.6\u003c/p>\u003cp>June 9.1\u003c/p>\u003cp>July 8.5 \u003c/p>\u003cp>Aug. 8.3\u003c/p>\u003cp>Sept. (est.) 8.1\u003c/p>\u003cp>Source: FactSet \u003c/p>\u003cp>MIXED RESULTS?\u003c/p>\u003cp>Wall Street expects that JPMorgan Chase's latest quarterly report cardboard will show mixed results.\u003c/p>\u003cdiv id='afs:Card:399674112139' class='hub-peek-embed' content-id='7de63057c4cd01909750c49e88285255'>Hub peek embed (Inflation) - Compressed layout (automatic embed) \u003c/div>\u003cp>Analysts predict the nation's largest edge by assets will report Friday that its third-quarter income declined from a year earlier, flat while income increased. The bank's profit too fell inside the earliest with every one other accompanied by following quarters of this year. The edge is trying to navigate an affluence that's losing steam while attentiveness rates carry on accompanied by to rise, hitting consumers with every one other accompanied by corporations alike.\u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":null,"expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false},{"id":"Prices","name":"Prices","canonicalName":"prices","isPr":false},{"id":"Consumerprices","name":"Consumer prices","canonicalName":"consumer-prices","isPr":false}],"textColor":null,"layoutType":null,"customLayoutType":null,"styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":null,"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-10-10 07:11:05","enableTblRegion":false},{"id":"urn:publicid:ap.org:7f2356f8d2be07e61389d70c6001e696","shortId":"urn:publicid:ap.org:7f2356f8d2be07e61389d70c6001e696","allowAd":true,"borderColor":null,"brackets":null,"bracketsSettings":null,"cardTitle":null,"embedCardTitleColor":null,"cardHeadline":null,"cardType":"Wire Story","collectionTagObjs":null,"contents":[{"id":"urn:publicid:ap.org:7f2356f8d2be07e61389d70c6001e696","shortId":"7f2356f8d2be07e61389d70c6001e696","bylines":"By STEVE PEOPLES","canonicalUrl":"abortion-2022-midterm-elections-inflation-crime-nevada","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>LAS VEGAS (AP) — Democrats predicted abortion would exist Sen. \u003ca href=\"https://apnews.com/hub/catherine-cortez-masto\">Catherine Cortez Masto's\u003c/a> lessening grace.\u003c/p>\u003cp>But inside Nevada's packed union halls, across its sun-scorched renounce towns with every one other accompanied by on the buzzing Las Vegas strip, there are signs that outrage over the Supreme Court's decision to dismantle \u003ca href=\"https://apnews.com/hub/abortion\">abortion\u003c/a> rights may not exist sufficient to overcome intensifying monetary concerns.\u003c/p>","hasTextOverlay":false,"headline":"Nevada Senate contest tests potency of abortion focus for Dems","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"855058f9f41f41fe8280de481a399460","leadVideoId":null,"localLinkUrl":"https://apnews.com/7f2356f8d2be07e61389d70c6001e696","localMemberName":null,"media":[{"id":"855058f9f41f41fe8280de481a399460","type":"Photo","caption":"\u003cp>FILE - Sen. Catherine Cortez Masto, D-Nev., who is running for reelection, speaks concerning prescription medicine prices throughout a report conference on April 26, 2022, on Capitol Hill inside Washington. Cortez Masto faces Republican challenger Adam Laxalt inside the November election. (AP Photo/Jacquelyn Martin, File)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.5,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/855058f9f41f41fe8280de481a399460/","embedCaption":null,"uploaded":true,"flattenedCaption":"FILE - Sen. Catherine Cortez Masto, D-Nev., who is running for reelection, speaks concerning prescription medicine prices throughout a report conference on April 26, 2022, on Capitol Hill inside Washington. Cortez Masto faces Republican challenger Adam Laxalt inside the November election. (AP Photo/Jacquelyn Martin, File)","updated":"2022-10-10T04:17:36.523912","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Election 2022 Nevada Senate","jwMediaId":null,"jwVideoStatus":false,"isPlayer":"JW"}],"audioMedia":[],"mediumIds":["855058f9f41f41fe8280de481a399460","0588288d820c43a29cf4a029a755b2f4","b44ef437501443698d39ea7d4dec65f6","9e21cf9e6ba64b8cbd08d458f3391286","c7fb2d656347466ca162298dcf3e4f19","dd7db160b368445fa5eb4885c563cb41","cdc3e0ac3c5947f9872b5892efe560a0"],"mediaCount":7,"published":"2022-10-10 04:12:19","tagObjs":[{"id":"Abortion","name":"Abortion","canonicalName":"abortion","isPr":false},{"id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"apf-usnews","name":"U.S. News","canonicalName":"us-news","isPr":false},{"id":"Elections","name":"Elections","canonicalName":"elections","isPr":false},{"id":"Crime","name":"Crime","canonicalName":"crime","isPr":false},{"id":"LasVegas","name":"Las Vegas","canonicalName":"las-vegas","isPr":false},{"id":"Nevada","name":"Nevada","canonicalName":"nevada","isPr":false},{"id":"CatherineCortezMasto","name":"Catherine Cortez Masto","canonicalName":"catherine-cortez-masto","isPr":false},{"id":"Congress","name":"Congress","canonicalName":"congress","isPr":false},{"id":"Governmentandpolitics","name":"Government with every one other accompanied by politics","canonicalName":"government-and-politics","isPr":false}],"tags":[{"id":"Abortion","name":"Abortion","canonicalName":"abortion","isPr":false},{"id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"apf-usnews","name":"U.S. News","canonicalName":"us-news","isPr":false},{"id":"Elections","name":"Elections","canonicalName":"elections","isPr":false},{"id":"Crime","name":"Crime","canonicalName":"crime","isPr":false},{"id":"LasVegas","name":"Las Vegas","canonicalName":"las-vegas","isPr":false},{"id":"Nevada","name":"Nevada","canonicalName":"nevada","isPr":false},{"id":"CatherineCortezMasto","name":"Catherine Cortez Masto","canonicalName":"catherine-cortez-masto","isPr":false},{"id":"Congress","name":"Congress","canonicalName":"congress","isPr":false},{"id":"Governmentandpolitics","name":"Government with every one other accompanied by politics","canonicalName":"government-and-politics","isPr":false}],"updated":"2022-10-10 04:12:04","tagIds":["2022Midtermelections","Abortion","Inflation","apf-politics","Crime","LasVegas","Nevada","Governmentandpolitics","apf-topnews","apf-usnews","Elections","Congress","apf-business","CatherineCortezMasto","state-Nevada","apf-GeneralNews"],"title":"US--Election 2022-Nevada","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:742832553910","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":6,"rule":"seo","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"contentBundle":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"LAS VEGAS (AP) — Democrats predicted abortion would exist Sen. Catherine Cortez Masto's lessening grace.But inside Nevada's packed union halls, across its sun-scorched renounce towns with every one other accompanied by on the buzzing La...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>LAS VEGAS (AP) — Democrats predicted abortion would exist Sen. \u003ca href=\"https://apnews.com/hub/catherine-cortez-masto\">Catherine Cortez Masto's\u003c/a> lessening grace.\u003c/p>\u003cp>But inside Nevada's packed union halls, across its sun-scorched renounce towns with every one other accompanied by on the buzzing Las Vegas strip, there are signs that outrage over the Supreme Court's decision to dismantle \u003ca href=\"https://apnews.com/hub/abortion\">abortion\u003c/a> rights may not exist sufficient to overcome intensifying monetary concerns. \u003c/p>\u003cp>That's leaving Cortez Masto while the Senate's most in danger Democrat inside the final month of a volatile \u003ca href=\"https://apnews.com/hub/2022-midterm-elections\">midterm election year\u003c/a>. Her predicament is the starkest example of the be brave enough facing Democrats nationwide while they try to capitalize on annoyance over the abortion ruling while Republicans focus on crime with every one other accompanied by stubborn \u003ca href=\"https://apnews.com/hub/inflation\">inflation\u003c/a>. If Cortez Masto can't turn things around, the GOP would exist well on its way to netting the one seat they need to retake the Senate with every one other accompanied by blunt the final set of two years of President \u003ca href=\"https://apnews.com/hub/joe-biden\">Joe Biden's\u003c/a> term.\u003c/p>\u003cp>In an interview, Cortez Masto sidestepped questions concerning her fragile political standing. She acknowledged "there's additional labour to exist done" on the affluence inside a working-class condition inside which gasoline remains over $5.40 per gallon, the unemployment percentage is higher than the national signify with every one other accompanied by spending at casinos has not kept step accompanied by inflation.\u003c/p>\u003cdiv id='afs:Card:742832553910' class='hub-peek-embed' content-id='7f2356f8d2be07e61389d70c6001e696'>Hub peek embed (Abortion) - Compressed layout (automatic embed) \u003c/div>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>"I know our families, the issues that are important to them are the kitchen-table issues," she said, citing the recent transit by the Democratic-controlled Congress of the inappropriately namedsupposed Inflation Reduction Act, which lowered the cost of some prescription drugs with every one other accompanied by expanded health protected from danger keeping coverage, among other Democratic priorities.\u003c/p>\u003cp>"But I too know, talking accompanied by our families, the repeal of Roe v. Wade is having an impact," she said. "We're a pro-choice state, proudly. That's why so numerous are outraged by the repeal."\u003c/p>\u003cp>Democrats insist that \u003ca href=\"https://apnews.com/hub/nevada\">Nevada\u003c/a> remains a purple state, in malice of actuality led by a Democratic governor, set of two Democratic senators with every one other accompanied by a Democratic-controlled condition legislature. Former President Donald Trump lost the condition by less than 34,000 votes inside 2020. And on Nov. 8, polls suggest, the GOP could lay clasp of over some statewide offices. \u003c/p>\u003cp>Veteran Democratic strategist James Carville fears his party's hyper-focus on abortion isn't working.\u003c/p>\u003cp>"A a large amount of these consultants believe if all we do is sprint abortion spots that will come first in for us. I don't believe so," said Carville, a vocal Cortez Masto associate who has sent dozens of fundraising emails on her behalf. "It's a good issue. But if you fair sit there with every one other accompanied by they're pummeling you on crime with every one other accompanied by pummeling you on the cost of living, you've got to exist additional aggressive than fair yelling abortion every one other word." \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Cortez Masto is facing Republican Adam Laxalt, a former condition attorney general, failed 2018 gubernatorial candidate with every one other accompanied by the grandson of a former Nevada manager with every one other accompanied by U.S. senator. The 44-year-old Republican has avoided talking concerning his opposition to abortion inside the election's final weeks while his military operation works to retain away from unscripted moments.\u003c/p>\u003cp>Laxalt's military operation refused to build him available for this story. And he has declined to take part inside some of the state's orthodox debates, although he called unsuccessfully for Cortez Masto to concur to at least set of two other meetings. Late last week, organizers canceled what would have been the only debate transmit inside Spanish since of Laxalt's non-acceptance to attend.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Laxalt while an alternative spent his weekend campaigning accompanied by Trump, whom Laxalt has leaned on to revitalize his political career.\u003c/p>\u003cp>Laxalt co-chaired Trump's condition military operation inside 2020 with every one other accompanied by spearheaded legal challenges to the vote-counting process. Earlier inside the year, he began raising fears of voter fraud inside the 2022 midterms while well. \u003c/p>\u003cp>With polls now showing he could defeat Cortez Masto, Laxalt avoided the subject of election fraud while he addressed thousands of Trump supporters gathered Saturday on the border of a renounce air field. Speaking an hour earlier to Trump called 2020 "a fake with every one other accompanied by soiled with every one other accompanied by rigged election" on the same stage, Laxalt focused on the state's monetary woes with every one other accompanied by Cortez Masto's support for Biden.\u003c/p>\u003cp>"She won't allude to the set of two words: 'Joe Biden.' Will Joe Biden go nearer to Nevada anytime soon? I'm still waiting for that invite," Laxalt snickered, speaking from a podium emblazoned accompanied by Trump's name.\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>In the interview, Cortez Masto did not speak whether she wanted the Democratic president to pay someone a call the condition on her behalf. \u003c/p>\u003cp>"The president is always greeting inside the condition of Nevada. But really, my goal here is to build sure I'm addressing the needs of Nevadans," she said, adding that she wasn't surprised Trump was inside the condition campaigning for Laxalt. \u003c/p>\u003cp>Laxalt "was the face of the large untruth for President Trump inside the state," Cortez Masto said. \"In my view, he stands accompanied by the insurrectionists with every one other accompanied by not the people of Nevada."\u003c/p>\u003cp>Vulnerable Democratic senators inside Arizona, Georgia with every one other accompanied by New Hampshire are too fighting to overcome Biden's frail standing, which is violently identical to Trump's inside the 2018 midterms when the GOP lost 40 House seats. The communal gathering that occupies the White House almost always suffers greatest losses inside a president's earliest midterm election. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>But there are reasons to exist convinced by that Cortez Masto's circumstances is additional dire than those of her colleagues elsewhere. \u003c/p>\u003cp>Nevada's electorate is overwhelmingly working-class compared to voters inside other battleground states, leaving the state's 3 million residents additional in danger to monetary setbacks. Just 25.5% of the condition graduated from college, compared to 35% nationally, according to the Census Bureau.\u003c/p>\u003cp>Nevada has among the highest gasoline prices inside the country at an signify of $5.44, almost 40% higher than the U.S. average, according to AAA. Higher gasoline prices have too translated into fewer drivers crossing into Nevada from California to go to Las Vegas. Nor has gaming income kept step accompanied by yearly inflation. Gaming income inside Clark County, place of residence to Las Vegas, rose fair 2.9% inside August from a year ago.\u003c/p>\u003cp>Gas prices may obtain worse earlier to they obtain better. The Biden management suffered a stinging setback last week when OPEC lubricant producers announced a greatest manufacture cut.\u003c/p>\u003cp>At the same time, Laxalt has avoided some of the pitfalls that have undermined high-profile GOP Senate candidates inside other answer states. \u003c/p>\u003cp>In New Hampshire, Republican groups canceled millions of dollars inside television ad reservations designed to good GOP nominee \u003ca href=\"https://apnews.com/article/2022-midterm-elections-donald-trump-presidential-new-hampshire-election-2020-e3cf9f19bc45b9fc71c85c67a1a664f9\">Don Bolduc\u003c/a> inside recent days, reflecting a growing sensory power that Bolduc's hard-line conservative positions will build it difficult to defeat Democratic Sen. \u003ca href=\"https://apnews.com/hub/maggie-hassan\">Maggie Hassan\u003c/a>. \u003c/p>\u003cp>Republicans have too pulled some money not here of Arizona, in malice of first-term Sen. \u003ca href=\"https://apnews.com/hub/mark-kelly\">Mark Kelly's\u003c/a> evident vulnerability inside a condition Biden carried by less than 1% inside 2020. And inside Georgia, Republican Senate nominee Herschel Walker's prospects have been clouded by allegations that he paid for a girlfriend's abortion. \u003c/p>\u003cp>Laxalt, by contrast, has sought to cast himself while a mainstream Republican accompanied by longstanding ties to the state, in malice of the finest efforts of Democrats to high point his loyalty to Trump. That may exist good sufficient inside a difficult political environment for Democrats while questions loom concerning the potency of the Democrats' abortion message.\u003c/p>\u003cp>Republican National Committee Chair Ronna McDaniel, inside Las Vegas late last week to go forward the GOP ticket, said Democrats have "oversaturated" their abortion message.\u003c/p>\u003cp>"Voters are starting to go nearer spine to the things they wake up intelligent concerning every one day: Can I become full my automobile accompanied by gas? Can I pay for groceries? How are my kids doing?" she said. "And those are the issues that I believe are really going to win, with every one other accompanied by that's where Adam is focused."\u003c/p>\u003cp>Nevada Republicans too note that abortion — inside the state, at least — is settled since of a 1990 referendum that codified abortion access until 24 weeks of gestation infrequent gravidity into condition law. \u003c/p>\u003cp>Yusette Solomon, a canvasser for the state's strong pro-Democrat Culinary Workers union, said he doesn't hear a a large amount of concerning abortion when talking to voters. Instead, the 47-year-old innmotel utility porter said, the state's monetary challenges carry on accompanied by to exist a continual concern. \u003c/p>\u003cp>"It's firm for everybody," he said. \"It's the supermarket. It's gas. Inflation is something we need to deal with. Everyone's touch it." \u003c/p>\u003cp>Solomon lost his position of employment at a Las Vegas innmotel for violently set of two years since of the pandemic. He survived only by driving for Uber. \u003c/p>\u003cp>Still, he's optimistic concerning Cortez Masto's chances. \u003c/p>\u003cp>"I'm sure Democrats are going to win. This is a blue state. We're going to carry on accompanied by to exist a blue state," Solomon said. "Every election is tough." \u003c/p>\u003cp>___\u003c/p>\u003cp>Associated Press author Josh Boak inside Washington contributed to this report.\u003c/p>\u003cp>___\u003c/p>\u003cp>Follow AP for filled coverage of the midterms at https://apnews.com/hub/2022-midterm-elections\u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false}],"disclaimerText":null,"dividerColor":"#000000","expandedStoryCount":null,"feed":[],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":null,"hubPeekTagName":null,"hubPeekCanonicalName":null,"hubPeekIsPr":null,"minimizedStoryCount":null,"tagObjs":[{"id":"Abortion","name":"Abortion","canonicalName":"abortion","isPr":false},{"id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false},{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"apf-usnews","name":"U.S. News","canonicalName":"us-news","isPr":false},{"id":"Elections","name":"Elections","canonicalName":"elections","isPr":false},{"id":"Crime","name":"Crime","canonicalName":"crime","isPr":false},{"id":"LasVegas","name":"Las Vegas","canonicalName":"las-vegas","isPr":false},{"id":"Nevada","name":"Nevada","canonicalName":"nevada","isPr":false},{"id":"CatherineCortezMasto","name":"Catherine Cortez Masto","canonicalName":"catherine-cortez-masto","isPr":false},{"id":"Congress","name":"Congress","canonicalName":"congress","isPr":false},{"id":"Governmentandpolitics","name":"Government with every one other accompanied by politics","canonicalName":"government-and-politics","isPr":false}],"textColor":"#000000","layoutType":"null","customLayoutType":"null","styleName":null,"endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":{},"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-10-10 04:12:25","enableTblRegion":false}],"headlineWidget":false,"hubPeekLinkText":null,"hubPeekTagId":"Inflation","hubPeekTagName":"Inflation","hubPeekCanonicalName":"inflation","hubPeekIsPr":false,"minimizedStoryCount":null,"tagObjs":[],"textColor":"#000000","layoutType":"Column List","customLayoutType":"null","styleName":"Compressed","endDateTime":null,"teamLimit":25,"medalCounts":null,"medalsUpdated":null,"olympicYear":null,"notificationUrl":null,"notificationText":null,"notificationTitle":null,"notificationType":null,"notificationUpdated":null,"adUnits":null,"displayPositionHome":null,"displayPositionApp":null,"featuredCard":null,"publishedDate":"2022-06-22 09:28:12","enableTblRegion":false}},"loadedAt":{"afs:Card:399674112139-4727d63afa3667d5c792a288f63b4ac2":1665422483800},"expiration":120000},"content":{"loading":{},"error":{},"data":{"urn:publicid:ap.org:4727d63afa3667d5c792a288f63b4ac2":{"id":"urn:publicid:ap.org:4727d63afa3667d5c792a288f63b4ac2","shortId":"4727d63afa3667d5c792a288f63b4ac2","etag":"4727d63afa3667d5c792a288f63b4ac2_0a36aza0c0","bylines":"By FATIMA HUSSEIN","contentType":"text","disableConnatix":false,"downloadSettings":{},"embedCaption":null,"embedHeight":null,"embedHTML":null,"embedLinkURL":null,"firstWords":"\u003cp>WASHINGTON (AP) — Seventy-year-old Cassandra Gentry is looking forward to a hefty cost-of-living grow inside her Social Security benefits — not for herself nevertheless to pay for haircuts \u003ca href=\"https://www.ssa.gov/pubs/EN-05-10085.pdf\">for her set of two grandchildren\u003c/a> with every one other accompanied by place food on the table.\u003c/p>","hasTextOverlay":false,"headline":"Social Security boost will assist millions of kids, too","description":null,"interactiveLinkUrl":null,"interactiveLinkUrlText":null,"language":"en","leadPhotoId":"a0bce754672e49c38672986e645c2ecd","leadVideoId":null,"localLinkUrl":"https://apnews.com/4727d63afa3667d5c792a288f63b4ac2","localMemberName":null,"media":[{"id":"a0bce754672e49c38672986e645c2ecd","type":"Photo","caption":"\u003cp>Cassandra Gentry with every one other accompanied by her granddaughter Jada constitute for a photograph inside their apartment inside Washington, Friday, Oct. 7, 2022. (AP Photo/Andrew Harnik)\u003c/p>","order":0,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.5,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/a0bce754672e49c38672986e645c2ecd/","embedCaption":null,"uploaded":true,"flattenedCaption":"Cassandra Gentry with every one other accompanied by her granddaughter Jada constitute for a photograph inside their apartment inside Washington, Friday, Oct. 7, 2022. (AP Photo/Andrew Harnik)","updated":"2022-10-10T16:47:58.732527","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Social Security Children","jwMediaId":null,"jwVideoStatus":false,"isPlayer":"JW"},{"id":"bb375e4e5cb64207b0e2ed0cc9834f9d","type":"Photo","caption":"\u003cp>Cassandra Gentry with every one other accompanied by her granddaughter Jada constitute for a photograph inside their apartment inside Washington, Friday, Oct. 7, 2022. (AP Photo/Andrew Harnik)\u003c/p>","order":1,"imageMimeType":"image/jpeg","imageFileExtension":".jpeg","imageRenderedSizes":[3000,2000,1000,800,600,400,200],"aspectRatio":1.5001579778831,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/bb375e4e5cb64207b0e2ed0cc9834f9d/","embedCaption":null,"uploaded":true,"flattenedCaption":"Cassandra Gentry with every one other accompanied by her granddaughter Jada constitute for a photograph inside their apartment inside Washington, Friday, Oct. 7, 2022. (AP Photo/Andrew Harnik)","updated":"2022-10-10T16:47:58.990715","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false,"headline":"Social Security Children","jwMediaId":null,"jwVideoStatus":false,"isPlayer":"JW"}],"audioMedia":[],"mediumIds":["a0bce754672e49c38672986e645c2ecd","bb375e4e5cb64207b0e2ed0cc9834f9d"],"mediaCount":2,"published":"2022-10-10 16:40:18","tagObjs":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Governmentandpolitics","name":"Government with every one other accompanied by politics","canonicalName":"government-and-politics","isPr":false}],"updated":"2022-10-10 16:39:39","tagIds":["Inflation","apf-politics","apf-business","apf-topnews","Governmentandpolitics","state-Virginia","apf-GeneralNews","state-WashingtonDC"],"tags":[{"id":"Inflation","name":"Inflation","canonicalName":"inflation","isPr":false},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false},{"id":"Governmentandpolitics","name":"Government with every one other accompanied by politics","canonicalName":"government-and-politics","isPr":false}],"title":"US-Social Security-Children","contentSponsor":null,"layoutType":"Small Photo","stackedStory":true,"notificationId":null,"eyebrow":null,"richEmbeds":[{"id":"afs:Card:399674112139","tag":null,"type":"Hub Peek","calloutText":null,"displayName":null,"leadHubLink":null,"richEmbedDetail":{"data":4,"rule":"seo","style":"Column List"},"isPermanentlyPlaced":true}],"sponsored":false,"isProtected":false,"isBlocked":false,"seoTitle":null,"seoDescription":null,"contentClaimSchemaType":"Default","contentClaimSchema":{},"seoTitleUpdatedAt":null,"seoDescriptionUpdatedAt":null,"todayInHistory":null,"movieTitle":null,"immersiveUrl":null,"embedRatio":null,"embedType":null,"pullQuoteObjs":[],"dateline":null,"leadVideoAutoEmbed":false,"flattenedFirstWords":"WASHINGTON (AP) — Seventy-year-old Cassandra Gentry is looking forward to a hefty cost-of-living grow inside her Social Security benefits — not for herself nevertheless to pay for haircuts for her set of two grand...","isTpContent":false,"socialEmbeds":[],"isPrContent":false,"storyHTML":"\u003cp>WASHINGTON (AP) — Seventy-year-old Cassandra Gentry is looking forward to a hefty cost-of-living grow inside her Social Security benefits — not for herself nevertheless to pay for haircuts \u003ca href=\"https://www.ssa.gov/pubs/EN-05-10085.pdf\">for her set of two grandchildren\u003c/a> with every one other accompanied by place food on the table.\u003c/p>\u003cp>The trio exist inside a Washington apartment building that houses 50 "grandfamilies" — where grandparents lay clasp of protected from danger keeping of children who do not have parents present.\u003c/p>\u003cp>Gentry, who took inside her grandkids to retain them inside a protected from danger environment, says the boost inside benefits will assist her build ends meet. "I never idea concerning contributing to Social Security when I was working, nevertheless now that's what I be contingent on on,\" the communications retiree said. "I be contingent on on my Social Security to protected from danger keeping for these kids.\"\u003c/p>\u003cp>Social Security's cost of living adjustment, or else known while the COLA, for 2023 is expected to exist around 9% or flat higher, the highest inside 40 years, analysts estimate. It will exist announced Thursday morning. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>It's not fair elderly people who will gain. About \u003ca href=\"https://www.ssa.gov/pubs/EN-05-10085.pdf\">4 million children\u003c/a> receive benefits, with every one other accompanied by an untold number of others too will exist helped since they're actuality cared for by Social Security beneficiaries, occasionally their grandparents.\u003c/p>\u003cp>The impact will exist immense, mainly for low-income retirees exist fond of Gentry, who feels the sore prick of high food with every one other accompanied by vitality costs while she cares for a growing 12-year-old granddaughter with every one other accompanied by 16-year-old grandson. "They eat everything," she joked.\u003c/p>\u003cdiv id='afs:Card:399674112139' class='hub-peek-embed' content-id='4727d63afa3667d5c792a288f63b4ac2'>Hub peek embed (Inflation) - Compressed layout (automatic embed) \u003c/div>\u003cp>She said the monetary boost \"is going to assist us, with every one other accompanied by it's going to exist a good since the cost of each item has gone up." \u003c/p>\u003cp>\u003ca href=\"https://apnews.com/article/inflation-economy-prices-f2270f4c6ac55c084108d57cc1aec53a\">High inflation\u003c/a> remains a burden on the broader economy, which has caused the Federal Reserve to lift attentiveness rates inside hopes of cooling high prices. \u003c/p>\u003cp>But inside numerous ways, inflation hits older Americans harder than the relax of the population. Medical costs are a large small portion of the burden.\u003c/p>\u003cp>\u003ca href=\"https://apnews.com/article/biden-health-medicare-government-and-politics-8d0aadcb002e95dd2636852edf6973eb\">Coupled accompanied by a decline inside Medicare Part B premium\u003c/a>, the Social Security COLA will place additional money inside the hands of the 70 million Americans who receive benefits, including the growing number of grandfamilies exist fond of Gentry's. \u003ca href=\"https://data.census.gov/cedsci/table?tid=ACSDP5Y2020.DP02&hidePreview=true\">According to the U.S. Census\u003c/a>, inside 2020, there were concerning 2.4 million grandparents in charge of their grandchildren.\u003c/p>\u003cp>That number has increased \u003ca href=\"https://www.opm.gov/policy-data-oversight/worklife/reference-materials/kinship-care/\">exponentially\u003c/a> since the management has adopted a "kinship care" approach to child welfare, which centers on keeping kids inside homes accompanied by their following of kin, while opposed to foster care. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>And inside turn, while Social Security is normally regarded while a program for older Americans, it too is the nation's largest children's support program. \u003c/p>\u003cp>Since the pandemic, Social Security has become flat additional important for children, while "COVID has taken a a large amount of parents," said Maya Rockeymoore Cummings, a nonresident older fellow at Brookings Metro, which is small portion of the Brookings Institution, with every one other accompanied by the CEO of Global Policy Solutions, a communal alter master scheme firm.\u003c/p>\u003cp>The National Institutes of Health reported last October that \u003ca href=\"https://www.nih.gov/news-events/news-releases/more-140000-us-children-lost-primary-or-secondary-caregiver-due-covid-19-pandemic#:~:text=From%20April%201%2C%202020%20through,%2C%20security%2C%20and%20daily%20care\">at least 140,000 U.S. children\u003c/a> under number of years 18 had lost a parent or guardian due to COVID.\u003c/p>\u003cp>Cummings says she estimates the real number is a a large amount of higher. "We should comprehend the grow inside the COLA will have a positive netting good on the entire family — not fair older members of the family," she said. \u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Gentry is an advocate for grandparents who lift their grandkids, with every one other accompanied by the building her family lives inside is at capacity. She said numerous of the grandparents, who are African American with every one other accompanied by support every one other inside their tight-knit community, be contingent on solely on Social Security for their income. \u003c/p>\u003cp>A \u003ca href=\"http://globalpolicysolutions.org/report/overlooked-not-forgotten-social-security-lifts-millions-children-poverty/#Social_Security_contributes_significantly_to_families_with_children_but_especially_to_families_of_color_with_children\">study by Global Policy Solutions\u003c/a> shows that African American children are inside the greatest need of the added assist from Social Security benefits.\u003c/p>\u003cp>Grandparent caregivers are 60% additional probable to exist inside penury than are grandparents not raising grandchildren, \u003ca href=\"https://www.opm.gov/policy-data-oversight/worklife/reference-materials/kinship-care/\">according\u003c/a> to the U.S. Office of Personnel Management. \u003c/p>\u003cp>The Child Tax Credit program, which was expanded throughout the pandemic, helped tens of millions of kids with every one other accompanied by their families, contributing to a 46% decline inside child penury since 2020, according to a September Census report.\u003c/p>\u003cp>But that program has ended with every one other accompanied by by that hour dated there are indications t \u003ca href=\"https://apnews.com/article/joe-biden-business-health-poverty-columbia-university-0974fed3323ec98a75998817815f4af1\">hat child penury is increasing.\u003c/a>\u003c/p>\u003cdiv class=\"ad-placeholder\" data='autoembed'>\u003c/div>\u003cp>Nancy Altman, co-director of Social Security Works, an advocacy group, said "benefits inside numerous other confederate programs are eroding — nevertheless the COLA makes Social Security unique."\u003c/p>\u003cp>"And for the children who receive Social Security benefits," both straight with every one other accompanied by indirectly, "low-income kids good the most," she said. \u003c/p>\u003cp>William Arnone, leader administrative of the National Academy of Social Insurance, an advocacy organization for Social Security, said while the expected COLA is "generous, it is fair a catch-up" for numerous older Americans who are regularly additional impacted by cost hikes caused by inflation, mainly grandparents taking protected from danger keeping of grandkids. \u003c/p>\u003cp>"With Social Security, all generations benefit,\" Arnone said. \u003c/p>\u003cp>Gentry said she hopes additional grandfamily communities exist fond of hers go bang up around the country so residents tin provide support for one another when resources are not readily available. \u003c/p>\u003cp>She said she'd too exist fond of to see additional confederate programs element inside grandparents exist fond of her when making policy determinations. \u003c/p>\u003cp>"I always speak our grandparents are heroes, since we stepped inside when nobody else would,\" she said. \"And we did the job."\u003c/p>","alertLinkDateTime":null,"storyLayout":{},"reporters":[],"reporterKeys":["afs:Reporter:503207029672"],"headlinePlacement":null,"relatedStoryEmbeds":[],"disableNativo":false,"canonicalUrl":"inflation-business-government-and-politics","urlUpdated":null,"redirection":{}}},"loadedAt":{"urn:publicid:ap.org:4727d63afa3667d5c792a288f63b4ac2":1665422483587},"expiration":7200000},"medium":{"loading":{},"error":{},"data":{"afs:Medium:751921853724":{"id":"afs:Medium:751921853724","type":"Photo","caption":null,"order":0,"imageMimeType":"image/png","imageFileExtension":".png","imageRenderedSizes":[700,600,400,200],"aspectRatio":1.55555555555556,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/afs:Medium:751921853724/","embedCaption":null,"uploaded":true,"flattenedCaption":null,"updated":"2021-09-29T09:24:16.741299","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false}},"loadedAt":{"afs:Medium:751921853724":1665422483732},"expiration":120000},"interactive":{"loading":{},"error":{},"data":{},"loadedAt":{},"expiration":120000},"navigation":{"loading":{"navigation":false},"error":{"navigation":null},"data":{"navigation":{"navigationTags":[{"id":"apf-usnews","name":"U.S. News","canonicalName":"us-news","isPr":false},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false},{"id":"apf-sports","name":"Sports","canonicalName":"sports","isPr":false},{"id":"apf-entertainment","name":"Entertainment","canonicalName":"entertainment","isPr":false},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false},{"id":"apf-technology","name":"Technology","canonicalName":"technology","isPr":false},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false},{"id":"apf-science","name":"Science","canonicalName":"science","isPr":false},{"id":"apf-oddities","name":"Oddities","canonicalName":"oddities","isPr":false},{"id":"apf-lifestyle","name":"Lifestyle","canonicalName":"lifestyle","isPr":false},{"id":"Photography","name":"Photography","canonicalName":"photography","isPr":false},{"id":"apf-videos","name":"Videos","canonicalName":"videos","isPr":false}],"sectionsTags":[{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-usnews","name":"U.S. News","canonicalName":"us-news","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-WorldNews","name":"World News","canonicalName":"world-news","isPr":false,"isClickable":true,"childTags":[{"id":"apf-africa","name":"Africa","canonicalName":"africa","isPr":false,"navigationShortName":null},{"id":"apf-asiapac","name":"Asia Pacific","canonicalName":"asia-pacific","isPr":false,"navigationShortName":null},{"id":"Australia","name":"Australia","canonicalName":"australia","isPr":false,"navigationShortName":null},{"id":"apf-europe","name":"Europe","canonicalName":"europe","isPr":false,"navigationShortName":null},{"id":"apf-latinamerica","name":"Latin America","canonicalName":"latin-america","isPr":false,"navigationShortName":null},{"id":"apf-mideast","name":"Middle East","canonicalName":"middle-east","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-politics","name":"Politics","canonicalName":"politics","isPr":false,"isClickable":true,"childTags":[{"id":"JoeBiden","name":"Joe Biden","canonicalName":"joe-biden","isPr":false,"navigationShortName":"President Biden"},{"id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false,"navigationShortName":"Midterm elections"},{"id":"UnitedStatesCongress","name":"United States Congress","canonicalName":"united-states-congress","isPr":false,"navigationShortName":"Congress"},{"id":"U.S.SupremeCourt","name":"U.S. Supreme Court","canonicalName":"us-supreme-court","isPr":false,"navigationShortName":"Supreme Court"}],"navigationShortName":null},{"id":"apf-sports","name":"Sports","canonicalName":"sports","isPr":false,"isClickable":true,"childTags":[{"id":"NFL","name":"NFL","canonicalName":"nfl","isPr":false,"navigationShortName":"NFL"},{"id":"Collegefootball","name":"College football","canonicalName":"college-football","isPr":false,"navigationShortName":null},{"id":"MLB","name":"MLB","canonicalName":"mlb","isPr":false,"navigationShortName":"MLB Postseason"},{"id":"NBA","name":"NBA","canonicalName":"nba","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-entertainment","name":"Entertainment","canonicalName":"entertainment","isPr":false,"isClickable":true,"childTags":[{"id":"FilmReviews","name":"Film Reviews","canonicalName":"film-reviews","isPr":false,"navigationShortName":null},{"id":"Movies","name":"Movies","canonicalName":"movies","isPr":false,"navigationShortName":null},{"id":"apf-Music","name":"Music","canonicalName":"music","isPr":false,"navigationShortName":null},{"id":"Television","name":"Television","canonicalName":"television","isPr":false,"navigationShortName":null},{"id":"Fashion","name":"Fashion","canonicalName":"fashion","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-business","name":"Business","canonicalName":"business","isPr":false,"isClickable":true,"childTags":[{"id":"Economy","name":"Economy","canonicalName":"economy","isPr":false,"navigationShortName":"U.S. economy"},{"id":"Financialmarkets","name":"Financial markets","canonicalName":"financial-markets","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-videos","name":"Videos","canonicalName":"videos","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-technology","name":"Technology","canonicalName":"technology","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-Health","name":"Health","canonicalName":"health","isPr":false,"isClickable":true,"childTags":[{"id":"Coronaviruspandemic","name":"COVID-19","canonicalName":"coronavirus-pandemic","isPr":false,"navigationShortName":null}],"navigationShortName":null},{"id":"apf-science","name":"Science","canonicalName":"science","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"Climateandenvironment","name":"Climate with every one other accompanied by environment","canonicalName":"climate-and-environment","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":"Climate with every one other accompanied by environment"},{"id":"APFactCheck","name":"AP Fact Check","canonicalName":"ap-fact-check","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-oddities","name":"Oddities","canonicalName":"oddities","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-lifestyle","name":"Lifestyle","canonicalName":"lifestyle","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"Photography","name":"Photography","canonicalName":"photography","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-religion","name":"Religion","canonicalName":"religion","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"apf-Travel","name":"Travel","canonicalName":"travel","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null},{"id":"press-releases","name":"Press Releases","canonicalName":"press-releases","isPr":false,"isClickable":true,"childTags":[],"navigationShortName":null}],"featuredTags":[{"id":"apf-trendingnews","name":"Trending News","canonicalName":"trending-news","isPr":false,"navigationShortName":null},{"id":"Russia-Ukraine","name":"Russia-Ukraine war","canonicalName":"russia-ukraine","isPr":false,"navigationShortName":null},{"id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false,"navigationShortName":"Midterm elections"},{"id":"MLB","name":"MLB","canonicalName":"mlb","isPr":false,"navigationShortName":"MLB Postseason"}],"featuredContentLinks":[],"featuredLinks":[{"type":"tag","id":"apf-trendingnews","name":"Trending News","canonicalName":"trending-news","isPr":false},{"type":"tag","id":"Russia-Ukraine","name":"Russia-Ukraine war","canonicalName":"russia-ukraine","isPr":false},{"type":"tag","id":"2022Midtermelections","name":"2022 Midterm elections","canonicalName":"2022-midterm-elections","isPr":false},{"type":"tag","id":"MLB","name":"MLB","canonicalName":"mlb","isPr":false}]}},"loadedAt":{"navigation":1665422483983},"expiration":120000},"topics":{"ignoreClickOnElements":[],"opened":false},"radio":{"ignoreClickOnElements":[],"opened":false},"leaderboardAd":{"ignoreClickOnElements":[],"opened":false},"search":{"ignoreClickOnElements":[],"opened":false},"headerTitle":{},"shareImage":{"loading":{"share-image":false},"error":{"share-image":null},"data":{"share-image":{"id":"afs:Medium:751921853724","type":"Photo","caption":null,"order":0,"imageMimeType":"image/png","imageFileExtension":".png","imageRenderedSizes":[700,600,400,200],"aspectRatio":1.55555555555556,"gcsBaseUrl":"https://storage.googleapis.com/afs-prod/media/afs:Medium:751921853724/","embedCaption":null,"uploaded":true,"flattenedCaption":null,"updated":"2021-09-29T09:24:16.741299","alignment":null,"videoMimeType":null,"videoFileExtension":null,"videoRenderedSizes":[],"externalId":null,"audioMimeType":null,"audioFileExtension":null,"title":null,"noEmbedCaption":false}},"loadedAt":{"share-image":1665422483731},"hasImage":true,"expiration":120000},"globalSettings":{"loading":{"globalSettings":false},"error":{"globalSettings":null},"data":{"globalSettings":{"adAppSettings":{"id":5,"minimumVersion":"1.0","device":"web","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":15,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":true,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":null,"sponsorContentWebPosition":0,"feedAdsPositions":[3,10,17,24,31],"nativoAdPositions":[5,13,21,29,37],"nativoHubPageAdPositionsMap":{"1127210":5,"1127211":13,"1127212":21,"1127213":29,"1127214":37},"nativoHomePageAdPositionsMap":{"991390":5,"1123182":13,"1123183":21,"1123184":29,"1123185":37}},"mobileAdAppSettings":{"android":{"id":4,"minimumVersion":"5.0","device":"phone","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":10,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[8,16,25,33,41],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}},"ios":{"id":3,"minimumVersion":"2.5.1","device":"iphone","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":0,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[8,16,25,33,41],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}},"iphone":{"id":3,"minimumVersion":"2.5.1","device":"iphone","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":0,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[8,16,25,33,41],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}},"ipad":{"id":1,"minimumVersion":"2.5.1","device":"ipad","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":10,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[8,16,25,33,41],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}},"tablet":{"id":2,"minimumVersion":"5.15","device":"tablet","fbMarketingSdk":true,"flurrySdk":true,"taboolaSdk":true,"universalAdSpendTrackerSdk":false,"sponsorContentAds":true,"sponsorContentMobilePositions":[10],"bannerAds":true,"bannerAutoRefreshInterval":30,"bannerSwipeRefreshInterval":5,"interstitialAds":false,"interstitialImpressionInterval":15,"interstitialLoadFrequency":15,"videoAds":false,"videoFirstPlay":2,"videoPlayInterval":2,"savedStoriesPosition":16,"dfpAdUnitId":"/15786418/APNews/app/MobileBottomBanner","sponsorContentWebPosition":10,"feedAdsPositions":[5,13,21,29,37,45],"nativoAdPositions":[5,13,21,29,37,45],"nativoHubPageAdPositionsMap":{},"nativoHomePageAdPositionsMap":{}}},"radioURL":"https://apnews.streamguys1.com/apnews","defaultSeoValues":{"homepageSeoTitle":"Associated Press News: Breaking News | Latest News Today","homepageSeoDescription":"Stay informed with every one other accompanied by read the latest report today from The Associated Press, the definitive spring for self-governing journalism from every one curve of the globe.","hubpageSiteDescription":"Stay informed with every one other accompanied by read the latest report today from The Associated Press, the definitive spring for self-governing journalism from every one curve of the globe."},"tags":{"topNews":{"id":"apf-topnews","name":"AP Top News","canonicalName":"ap-top-news"}},"newsLetterSignup":false,"usableNet":true,"signUpCTA":"Get AP News stories every one morning","successfulSignUp":"Thank you for signing up","showLeaderboardAdMs":10,"showLeaderboardMobileAdMs":1000,"prebid":"Sovrn","leaderboardAdPosition":"above lead card","isJWPlayerEnabled":true,"jwPlayerIdHub":"mD2v2D5b","jwPlayerIdArticle":"oOPvcXwU"}},"loadedAt":{"globalSettings":1665422483653},"expiration":120000},"device":{},"origin":"https://apnews.com"} window['titanium-cacheConfig'] = {"ignoreCache":false}[0,4,13,1,2,51,50,17]{"namedChunks":["Content-Content","WireStory-WireStory","Typography","FeedCard-HubPeek-HubPeekAsync"]}

Social Security boost will assist millions of kids, too