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Do you care for elderly parents?

As if there isn't enough to worry about - here is an excerpt of an article BY ELLEN E. SCHULTZ (WSJ online); link
http://online.wsj.com/article/SB10001424052748704869304575103832457808828.html?mod=WSJ_article_MoreIn_Loans%26Credit
A little-noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.

Social Security benefits are off-limits to creditors, such as credit-card companies and banks. But the U.S. can collect debts to federal agencies by "offsetting," or withholding Social Security and disability payments.

 
tasches

Asked by tasches at 5:23 PM on Nov. 2, 2010 in Money & Work

Level 48 (298,202 Credits)
This question is closed.
Answers (4)
  • I remember reading that article back in March.  Here is that same article in great deal.


     


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    musicmom08

    Answer by musicmom08 at 5:54 PM on Nov. 2, 2010

  • My cousin had an angency collect right from her paycheck, she owed for an overpayment in foodstamps from when she had welfare as a new parent. So they collected after she had gone to school and started her job. This was at least four years ago.
    tryin2BGOOD

    Answer by tryin2BGOOD at 5:48 PM on Nov. 2, 2010

  • ^^^ great detail ^^^ =]
    musicmom08

    Answer by musicmom08 at 5:54 PM on Nov. 2, 2010

  • We don't care for them yet. They aren't even that old yet (in their 50's). But I'm pretty certain that we'll be taking care of at least one set of parents in the next couple of decades. Sad :(
    Erica_Smerica

    Answer by Erica_Smerica at 8:27 PM on Nov. 2, 2010

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