Coming out of the pandemic, American bank accounts continue to feel the sting of inflation, and that includes retirees — and those who rely on Social Security.
The Senior Citizens League, a nonpartisan group focusing on issues that affect older Americans, raised its long-term forecast for the 2025 Social Security cost-of-living adjustment (COLA) to 2.6% (up from 1.7% the month prior), after seeing March inflation data.
We should all be illegal or fast food workers, more money than people that already earned it.
ReplyDeleteYor payment may go up but so does everything else, so no more money to save in my opinion
ReplyDeleteAnd this is why the Government is keeping the actual inflation percentages hidden and only release an obvious fake inflation number. Because, by Act of Congress, the COLA is tied to the Government's released inflation number.
ReplyDeleteThat still doesn't match inflation. It does help drain what might be left of SS quicker. The ship is sinking. The rest of us tax donkies can only contribute so much. Until we decide to build things like power plants, inflation will continue. A big war will just make it worse.
ReplyDeleteHow about 26%!
ReplyDeleteHow much are the illegal invaders getting?
ReplyDeleteFine, but then raise the Medicare Premium, which offsets the raise. Govt is Alpha Henry
ReplyDeleteThere's just no government money for the American people. No money to feed anybody, support health care, secure the southern border, or help out people in their golden years after they paid into the system for decades.
ReplyDeleteBut that's ok, because the important bases are covered: Ukraine and Israel will get every fucking cent they could possibly need.
^^^ Ukraine and China know whose palms to grease.
DeleteAid to Israel helps to offset the pallets of cash sent to the muckin' fuzzies.
If you get SS, you know they deduct an amount for Medicare. Yes, retirees pay a Medicare premium.
ReplyDeleteThat deduction goes up each year too. It’s around $170 per month now, used to be $104 a few years back.
Yup, you get a SS COLA increase and the gummint gets the first bite, in terms of Medicare premium increase, co-pays increase, etc.
DeleteI'm on a fixed income. Fixed pension ,no cost of living raises . This year I paid more in taxes . Old pedo joe said I wouldn't , but he lied. Are the ILLEGALS being taxed on their welfare , which is more than my income?
ReplyDeletePS. They tax you on SS earning too. YES you are taxed in retirement just as if you were working.
ReplyDeleteYes and if you have anything above poverty-level income, you're taxed on your SS payments.
DeleteSucks canal water...
That tax was Biden's baby. Twice.
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