More Retirees Are Living on Less, and Losing a Means of Help to Pay for Medicare

The New York TimesSaturday, October 4, 2025 at 9:00:42 AM
The recent budget bill signed by President Trump has suspended efforts to enroll more low-income older Americans in programs designed to help them manage rising health care costs. This is concerning as it directly impacts the financial stability of retirees who are already struggling to make ends meet. With healthcare expenses on the rise, losing access to these assistance programs could leave many vulnerable seniors without the support they need.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Many government leaders have had the chance to voice opposition to President Trump’s tariffs inside the White House. The mayor of Pohang, in South Korea, is the rare official who can say he has protested outside it
NegativeFinancial Markets
The mayor of Pohang, South Korea, has taken a bold step by protesting outside the White House against President Trump's tariffs, which have severely impacted the local steel industry. This situation highlights the broader consequences of U.S. trade policies on international markets, particularly for cities like Pohang and Pittsburgh that are deeply rooted in steel production. As these tariffs continue to strain local economies, the mayor's actions underscore the urgent need for dialogue and reconsideration of such policies.
Centrist Republicans warn against Trump’s partisan shutdown strategy
NegativeFinancial Markets
Centrist Republicans are expressing concern over former President Trump's strategy that could lead to a government shutdown, emphasizing the potential negative impact on bipartisan cooperation. This warning highlights the ongoing tensions within the party and the challenges of governance, as a shutdown could disrupt essential services and affect millions of Americans.
Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast
NeutralFinancial Markets
Former President Trump recently expressed confidence that the U.S. can overcome its staggering $37 trillion debt through economic growth. He argues that current growth rates make the debt manageable. However, financial expert Ray Dalio warns that this perspective may be overly optimistic, suggesting that the complexities of debt cycles could complicate such a straightforward solution. This discussion is crucial as it highlights differing views on economic recovery and fiscal responsibility, impacting policy decisions and public perception.
Israel prepares for hostage release after Hamas agrees to parts of Trump’s peace plan
PositiveFinancial Markets
Israel is gearing up for a potential hostage release after Hamas has shown willingness to accept parts of Trump's peace plan. This development is significant as it could pave the way for a reduction in violence and a more stable situation in the region. While the U.S. president has called for Israel to halt bombings, reports from Gaza indicate that explosions are still occurring. The situation remains delicate, but the prospect of negotiations and peace efforts is a hopeful sign for many.
Trump Seizes on Shutdown to Punish Political Foes
NegativeFinancial Markets
In a bold move, Trump is using the government shutdown as a tool to target his political adversaries, raising concerns about the implications for bipartisan cooperation. This strategy not only highlights the deepening divisions in American politics but also underscores the potential consequences for millions of citizens affected by the shutdown. As negotiations stall, the stakes are high, and the political landscape continues to shift dramatically.
Trump tells Israel to stop bombing Gaza, saying Hamas is ready for peace
PositiveFinancial Markets
In a significant diplomatic move, Trump has urged Israel to halt its bombing campaign in Gaza, suggesting that Hamas is open to peace negotiations. This statement could mark a pivotal moment in the ongoing conflict, as it highlights the potential for dialogue and resolution. Trump's call for restraint may encourage both sides to consider a ceasefire, which is crucial for the humanitarian situation in Gaza and for regional stability.
Saudi Arabia Takes a Risk in Boosting Oil Production—and Gives Trump a Win
NeutralFinancial Markets
Saudi Arabia's decision to increase oil production has led to a decline in crude prices this year, presenting both opportunities and risks for the kingdom. While this move may provide a political win for Trump, it raises concerns about the long-term stability of the oil market and the economic implications for Saudi Arabia. Understanding these dynamics is crucial as they could impact global energy prices and geopolitical relations.
Trump wants to cut federal aid to Portland as his anger with protesters grows
NegativeFinancial Markets
In a recent move, former President Trump has expressed his desire to cut federal aid to Portland, citing his growing frustration with ongoing protests in the city. This decision could have significant implications for local services and community support, as federal funding plays a crucial role in maintaining public safety and infrastructure. Trump's stance reflects a broader national debate on how to handle civil unrest and the role of federal intervention in local matters.
Exclusive-Trump administration eyes stake in company developing Greenland rare earths mine
NeutralFinancial Markets
The Trump administration is reportedly considering acquiring a stake in a company that is developing a rare earths mine in Greenland. This move could have significant implications for the U.S. supply chain of critical minerals, which are essential for various technologies and defense applications. By investing in this project, the administration aims to reduce reliance on foreign sources and bolster domestic production, highlighting the strategic importance of rare earths in today's economy.
Trump tells Israel to stop bombing Gaza after Hamas agrees to release hostages
PositiveFinancial Markets
In a significant diplomatic move, President Trump has urged Israel to halt its bombing campaign in Gaza, following Hamas's indication that they are prepared to release hostages. This development is crucial as it suggests a potential shift towards a lasting peace in the region, which has been marred by conflict for years. Trump's belief in Hamas's readiness for peace could pave the way for renewed negotiations and a more stable future for both Israelis and Palestinians.
Treasury Plans to Mint $1 Commemorative Trump Coin
NeutralFinancial Markets
The U.S. Treasury is considering minting a $1 commemorative coin featuring President Trump's image to celebrate the 250th birthday of the United States. However, there are legal uncertainties surrounding this proposal, as an 1866 act restricts the depiction of living individuals on U.S. currency. This initiative raises questions about the intersection of law, politics, and national celebrations, making it a noteworthy topic for both coin collectors and political enthusiasts.
Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan
PositiveFinancial Markets
In a significant diplomatic move, Trump has urged Israel to halt its bombing campaign in Gaza following Hamas's partial acceptance of his peace plan. This development is crucial as it opens the door for potential negotiations and the release of hostages, signaling a shift towards dialogue among Palestinians. The situation remains delicate, but this could be a pivotal moment in the long-standing conflict.
Latest from Financial Markets
Many government leaders have had the chance to voice opposition to President Trump’s tariffs inside the White House. The mayor of Pohang, in South Korea, is the rare official who can say he has protested outside it
NegativeFinancial Markets
The mayor of Pohang, South Korea, has taken a bold step by protesting outside the White House against President Trump's tariffs, which have severely impacted the local steel industry. This situation highlights the broader consequences of U.S. trade policies on international markets, particularly for cities like Pohang and Pittsburgh that are deeply rooted in steel production. As these tariffs continue to strain local economies, the mayor's actions underscore the urgent need for dialogue and reconsideration of such policies.
Walmart is selling a stylish $199 Bluetooth speaker for just $28
PositiveFinancial Markets
Walmart is offering a stylish Bluetooth speaker that typically retails for $199 at an incredible price of just $28. This multifunctional device not only serves as a speaker but also functions as a clock and a decorative piece, making it a great addition to any home. This deal is significant as it provides consumers with an affordable option to enhance their audio experience without breaking the bank.
German economy ministry revises 2025 growth forecast up slightly to 0.2% - source
PositiveFinancial Markets
The German economy ministry has slightly revised its growth forecast for 2025 to 0.2%, indicating a cautious optimism about the country's economic recovery. This adjustment reflects a more favorable outlook amidst ongoing global economic challenges, suggesting that Germany may be on a path to stability. Such forecasts are crucial as they influence investment decisions and economic policies, impacting the overall economic landscape.
National parks with no workers: how the shutdown affects your plans
NeutralFinancial Markets
The recent government shutdown has led to a situation where national parks will remain mostly open, but many services will be unavailable. This means visitors can still enjoy the natural beauty, but they should be prepared for limited amenities and potential disruptions. It's important for travelers to plan accordingly, as this could affect their experience in these beloved outdoor spaces.
Senior US senator wants to boost pressure on China over Taiwan
PositiveFinancial Markets
A senior US senator is advocating for increased pressure on China regarding its stance on Taiwan. This move is significant as it reflects the growing concern in the US about China's assertiveness in the region and aims to support Taiwan's autonomy. By pushing for stronger measures, the senator hopes to deter any aggressive actions from China, ensuring stability in East Asia and reinforcing US commitments to its allies.
Many Are Unprepared for Long Term Care Needs
NegativeFinancial Markets
A significant number of adults are not having crucial conversations about their long-term care needs with family or healthcare providers. This lack of preparation can lead to serious challenges in accessing appropriate care when it is needed most, highlighting the importance of proactive planning and communication.