Talk of The Villages Florida - View Single Post - Social Security 2023 COLA to be announced Oct 13th
Thread: Social Security 2023 COLA to be announced Oct 13th
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Old 10-13-2022, 10:50 AM
jdulej jdulej is offline
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Originally Posted by collie1228 View Post
An 8.7% increase in Social Security may be fine for some, but those of us who earned a pension from a business are now losing over 8% annually with the current inflation. Today's CPI release said annual core inflation "has eased from 8.3% to 8.2%". It won't take long for our pensions to be worthless at that rate. And don't forget, there are many in our government who want to spend even more trillions, regardless of the inflationary effects of that spending. Oh, and the Dow is down over 500 points at the moment. Hang on, if you can.
Dow is up over 500 pts right now. These short terms swings mean nothing.