Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

[ttown]

Funny the worthless pieces voted themselves a 20% raise while those that worked all their lives got 5.9%. Another year after this would be around what they got a couple years earlier

Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Next year's Social Security cost-of-living adjustment may top the record 5.9% boost beneficiaries saw in 2022. Here's what to watch.

www.cnbc.com

 

[sklfco]

Why not call them what they are?
Freeloading thieves

 

[rickm]

Funny SS went up 5.9% but Medicare went up 7.5% or more cant remember, so what did you actually get in the end. I dont receive SS at the moment holding off to get the most i can cause after they get thru taking everything out i might be able to afford a postage stamp to mail in my complaint.

 

[ttown]

Well to be fair I got 5.9% on my $2k+ check. My Medicare with plan N is just over $250 so the 7.9% didn’t hurt. I can say I like Medicare better than my private insurance which was okay but cost me $120 month.

 

[ttown]

I’m hearing an 8.7% increase this year. With Medicare going down a tad, like $5 a month.

 

[GeneW]

Yep, I saw where the official announcement is 8.7% increase for Social Security.

Inflation, well I'm preaching to the choir. It's far more than the official gubbermint figures, cuz figures lie and liars figure.

I'll repeat that. Figures lie, and liars figure. And you can take that to the bank, if you have any money left.
.

 

[Timmy59]

The tree of liberty is suffering from drought.

 

[OK Corgi Rancher]

That's awesome! So as of Jan we'll only be losing half as much as we are now to inflation on SS and VA payments.

 

[John6185]

The politicians are bellyaching how much Social security is costing the country and is going to run out of money-and we have paid into it all of our working lives! But nary a comment about welfare running out of money or stopping earned income credit etc. Obama wanted population control and maybe this is one way the Dems have of getting rid of the old folks.

 

[dennishoddy]

That's awesome! So as of Jan we'll only be losing half as much as we are now to inflation on SS and VA payments.

Your VA payments are not taxed so there is a tiny gain there.