Quote:
Originally Posted by 784caroline
Your current social security check would not go down...... if you read the article and I Quote
it would also mean that seniors would get smaller increases in their Social Security payments each year.
Smaller increases mean if you get $100 today rather than getting $105 next year you would get a smaller increase say $104 because the rate of annual adjustment would be lowered. (Numbers for easy example only)
No one is "technically" losing money you are just getting less each year....along with anyone else who receives annual increase in payments based on the revised CPI caculation
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And if that is what is needed, I am all for it.
If decreasing by 10 or 15 % would put us back in the black, then do that also. Anyone living in the Villages is benefiting from America's bounty.