Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   S/S increase Prediction (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/s-s-increase-prediction-331923/)

Michael G. 05-11-2022 05:28 PM
S/S increase Prediction
 
Social Security checks could jump 8.6%, expert predicts.


MSN

rustyp 05-11-2022 05:41 PM
Quote:
Originally Posted by Michael G. (Post 2094585)
Social Security checks could jump 8.6%, expert predicts.


MSN
Happy days are here again!
The skies above are clear again,
Let us sing a song of cheer again,
Happy days are here again!

Stu from NYC 05-11-2022 05:45 PM
And the fund runs out of money that much faster.

Michael G. 05-11-2022 05:48 PM
Quote:
Originally Posted by Stu from NYC (Post 2094592)
And the fund runs out of money that much faster.
Yep, If this happen, S/S we will be seeing the end of S/S in our lifetime.

retiredguy123 05-11-2022 06:00 PM
I don't receive Social Security, but it appears that my obscenely high Federal pension will become even more obscene. Pretty soon, they will be paying me more money to do nothing than they paid me to do next to nothing while I was employed. What a system!

Bogie Shooter 05-11-2022 06:04 PM
Quote:
Originally Posted by retiredguy123 (Post 2094601)
I don't receive Social Security, but it appears that my obscenely high Federal pension will become even more obscene. Pretty soon, they will be paying me more money to do nothing than they paid me to do next to nothing while I was employed. What a system!
Then it’s true…..

Michael G. 05-11-2022 06:07 PM
Quote:
Originally Posted by retiredguy123 (Post 2094601)
Pretty soon, they will be paying me more money to do nothing than they paid me to do next to nothing while I was employed. What a system!
Yep, those are the types of jobs young people want today, employed to do nothing and get paid.

rustyp 05-11-2022 06:27 PM
Quote:
Originally Posted by Michael G. (Post 2094604)
Yep, those are the types of jobs young people want today, employed to do nothing and get paid.
And some of them are your lawyers, doctors, policemen, firefighters, etc. Oh I left out financial advisor who you will need when S/S runs out of money.

retiredguy123 05-11-2022 06:31 PM
Quote:
Originally Posted by Bogie Shooter (Post 2094603)
Then it’s true…..
I don't know what that means, but when you hire 10 people to do what 2 people can do, it's difficult to stay busy. I was criticized many times for being too fast and too efficient and making other employees look bad. Not exaggerating.

RVJim 05-11-2022 07:03 PM
Quote:
Originally Posted by retiredguy123 (Post 2094612)
I don't know what that means, but when you hire 10 people to do what 2 people can do, it's difficult to stay busy. I was criticized many times for being too fast and too efficient and making other employees look bad. Not exaggerating.
I love these kinds of discussion threads. Somehow someone commenting on a possible SSI increase opens the door for unverifiable humble bragging.

photo1902 05-11-2022 07:14 PM
Quote:
Originally Posted by RVJim (Post 2094621)
I love these kinds of discussion threads. Somehow someone commenting on a possible SSI increase opens the door for unverifiable humble bragging.
Minus the humble part

retiredguy123 05-11-2022 07:26 PM
Quote:
Originally Posted by photo1902 (Post 2094622)
Minus the humble part
Ok, I plead guilty. But, my intention was to inform taxpayers how their tax money is being wasted.

Stu from NYC 05-11-2022 08:40 PM
Quote:
Originally Posted by Michael G. (Post 2094596)
Yep, If this happen, S/S we will be seeing the end of S/S in our lifetime.
Since people will still be paying into the system they will still be paying out but will not have the funds to pay what we were promised. Last I read is we will get about 74%.

Hopefully they will some things to fix this.

Bay Kid 05-12-2022 06:49 AM
They lowered 88 year old Dad's SS this year. Only reason I got from THEM was medicare and his secondary insurance was increased. BS

Stu from NYC 05-12-2022 08:07 AM
Quote:
Originally Posted by MDLNB (Post 2094702)
Yes, the gov will give us a supplement and then expect us to be full of gratitude for their "gift" to us. If they would have invested our payroll deduction where we could have increased out investment with interest, AND did NOT give to those that did not contribute, then maybe it would not be dangerously low. We do have a larger group than the Boomer generation that are or will be entering the work force. That is, IF they decide to go to work. That should put funds back into the pot. After all, SS IS a Ponzi scheme. Let's keep those young folks producing babies. We need more in the work force. After all, having babies is good for the economy.
Actually making it harder to get abortions increases the labor force down the road making it easier for SS to stay solvent.

They could have/should have done a better job of setting this up but that ship has sailed. As a matter of fact in the beginning when retirement age was set at 65 most people did not live that long allowing assets to grow. Imagine if individuals did something like that.

vintageogauge 05-12-2022 10:15 AM
Quote:
Originally Posted by retiredguy123 (Post 2094612)
I don't know what that means, but when you hire 10 people to do what 2 people can do, it's difficult to stay busy. I was criticized many times for being too fast and too efficient and making other employees look bad. Not exaggerating.
I had the same problem working in unions. I couldn't stand trying to make a 2 hour job last 8 hours so I would help people, I once picked up a broom that was on the floor and put it up agains a wall, had a grievance filed against me for that one, got tossed out on the 89th day of 90 day probations on both of them. Went to non-union and moved right up the ladder as they were getting their money's worth. I realize that unions do some good but not for me and both of those companies closed within a few years, the non-union one is still running strong today and it's still non-union.

Stu from NYC 05-12-2022 11:43 AM
Quote:
Originally Posted by vintageogauge (Post 2094772)
I had the same problem working in unions. I couldn't stand trying to make a 2 hour job last 8 hours so I would help people, I once picked up a broom that was on the floor and put it up agains a wall, had a grievance filed against me for that one, got tossed out on the 89th day of 90 day probations on both of them. Went to non-union and moved right up the ladder as they were getting their money's worth. I realize that unions do some good but not for me and both of those companies closed within a few years, the non-union one is still running strong today and it's still non-union.
Back in the day unions were great for improving working conditions but unfortunately they could never get enough and caused a lot of good companies to go under.

Love2Swim 05-12-2022 12:50 PM
So the thread has gone from bashing Social Security/ government spending to bashing unions. How typical.

SHIBUMI 05-12-2022 01:09 PM
SS Fund Fine
 
Quote:
Originally Posted by Stu from NYC (Post 2094592)
And the fund runs out of money that much faster.
600,000 seniors died from covid, if they got on average 1,500$ a month then there is less liability on the system of 900 million per month, hopefully everyone will experience the increase and not be one of the contributors, stay safe

biker1 05-12-2022 01:54 PM
That only amounts to about 1% of the Social Security Budget.

Quote:
Originally Posted by Rich Iwaszko (Post 2094817)
600,000 seniors died from covid, if they got on average 1,500$ a month then there is less liability on the system of 900 million per month, hopefully everyone will experience the increase and not be one of the contributors, stay safe

SHIBUMI 05-12-2022 03:30 PM
per month

Nucky 05-12-2022 03:36 PM
Quote:
Originally Posted by retiredguy123 (Post 2094623)
Ok, I plead guilty. But, my intention was to inform taxpayers how their tax money is being wasted.
I think you have been on TOTV'S long enough to exercise your opinion without being snuffed out by another.

As a matter of fact, I think it's against the rules of the Forum, No? :popcorn:

biker1 05-12-2022 04:04 PM
OK, we can do the math. $900M per month is $10.8B per year and SS spends $1T per year. As I said, it is 1%. Another way to look at it is that there are 65 million on SS. If 600,000 died from the pandemic then that is 1% of the people on SS. Same number. Yet another way to look at it is that 600,000 people died prematurely. If we assume that most would have died anyway from other causes (after all, COVID was picking on those with co-morbidities) over the next 10 years then SS benefits will be decreased by about 0.5% per year, on average, over the next 10 years (assuming a constant death rate) due to COVID.

Quote:
Originally Posted by Rich Iwaszko (Post 2094862)
per month

Stu from NYC 05-12-2022 04:10 PM
Quote:
Originally Posted by Love2Swim (Post 2094812)
So the thread has gone from bashing Social Security/ government spending to bashing unions. How typical.
I think it is called giving an opinion.

davem4616 05-12-2022 04:48 PM
Quote:
Originally Posted by Michael G. (Post 2094585)
Social Security checks could jump 8.6%, expert predicts.


MSN
that would be nice...

keepsake 05-12-2022 05:16 PM
8.6 on s/s -- then medicare will jump 20% -- we lose no matter what

Keefelane66 05-12-2022 06:04 PM
Starbucks raised prices after reporting a 31% increase in profits.

Same with Tyson, who posted $1 billion in profits last quarter — a 48% increase from the first quarter of 2021.

Get the picture?

SHIBUMI 05-12-2022 06:38 PM
when has social security ever decreased?

Stu from NYC 05-12-2022 06:45 PM
Quote:
Originally Posted by Rich Iwaszko (Post 2094911)
when has social security ever decreased?
Probably never

thevillages2013 05-12-2022 06:50 PM
Quote:
Originally Posted by Stu from NYC (Post 2094592)
And the fund runs out of money that much faster.
Yep, I have been predicting for the last 20 years that by the time I am eligible for retirement the date will be moved. I’m a month from 59 and I still say there is no way 62 will be the retirement age when it’s my turn

thevillages2013 05-12-2022 06:55 PM
Quote:
Originally Posted by Love2Swim (Post 2094812)
So the thread has gone from bashing Social Security/ government spending to bashing unions. How typical.
It’s just truth being expressed or a lesson in history. Either way a learning opportunity

RVJim 05-12-2022 07:20 PM
Quote:
Originally Posted by keepsake (Post 2094899)
8.6 on s/s -- then medicare will jump 20% -- we lose no matter what
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.

Stu from NYC 05-12-2022 08:58 PM
Quote:
Originally Posted by RVJim (Post 2094926)
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.
Has it faults but lots of folks depend upon it

Garywt 05-12-2022 09:44 PM
That will be nice but 7 months to go…

Garywt 05-12-2022 09:56 PM
Quote:
Originally Posted by RVJim (Post 2094926)
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.
Here comes RVJim again, everyone sit down and listen.

Timothyimitchell 05-12-2022 10:33 PM
Quote:
Originally Posted by Keefelane66 (Post 2094905)
Starbucks raised prices after reporting a 31% increase in profits.

Same with Tyson, who posted $1 billion in profits last quarter — a 48% increase from the first quarter of 2021.

Get the picture?
Opportunists

Timothyimitchell 05-12-2022 10:35 PM
Quote:
Originally Posted by RVJim (Post 2094926)
It’s a ponzi scheme. You never lose when you (we) are getting a handout.

I earned my pension. SSI is a pyramid scheme of handouts.
The whole financial system is one big Ponzi scheme.

rustyp 05-13-2022 05:12 AM
Quote:
Originally Posted by Garywt (Post 2094945)
That will be nice but 7 months to go…
Actually the calculation to determine if there is a raise and how much is based solely on the inflation rate data from July Aug and Sept.

Bay Kid 05-13-2022 07:52 AM
Quote:
Originally Posted by Rich Iwaszko (Post 2094911)
when has social security ever decreased?
This year for my 88 year old Dad.

rustyp 05-13-2022 08:28 AM
Quote:
Originally Posted by Bay Kid (Post 2095064)
This year for my 88 year old Dad.
Any explanation ?


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