WASHINGTON (AP) — Sherri Myers, an 82-year-old resident of Pensacola City, Florida, says the Social Security cost-of-living increase she’ll receive in January “won’t make a dent” in helping her meet her day-to-day expenses.
“Inflation has eaten up my savings,” she said. “I don’t have anything to fall back on — the cushion is gone.” So even with the anticipated increase she’s looking for work to supplement her retirement income, which consists of a small pension and her Social Security benefits.
Come on now!
ReplyDeleteStop yer bitchin' !
Just open a credit card in the name of your grandchildren; they'll pay it off.
(Lesson learned from the government).
Any SS increase will be taken away by the increase for Medicare. But Big Sister can print up a few trillion more $'s to give away to the world, Ukraine, crimmigrants, and all the indigenous freeloaders. That oughta fix it.
ReplyDeleteAs near as I can tell my SS will increase 9.67%. The total increases since 2021 have been about 14.9%. Not even close to the buying power of my SS in 2020 dollars.
ReplyDeleteAccording to .gov the CPI calculated inflation since 2021 has been 19.8% but the CPI does NOT include food and energy, the two hardest hit categories of the real inflation numbers. In 2023 food was over 15% and Energy was over 53%, that's just 2023, when the CPI inflation rate was supposed to be 4.1%.
So as long as I don't drive, heat or cool my home, use hot water or cook, turn on a light or use my fridge, I should be fine.
Yup. My "raise" last year bumped me out of the real estate tax discount zone in my county, so I actually went backwards with my monthly income. Not to mention the cost of food. FJB & FKH.
ReplyDeleteI don't know how folks do it on SS alone. It's a damn shame we paid in all those years and we get a pittance in return. I started paying in at fourteen.
ReplyDelete