5.9% Adjustments Coming
 

Whoo Whoo, you're getting a raise Village people.


Social Security Cost-of-Living Adjustment for 2022 Is 5.9% - Clark Howard

Now it's sure to run out of money by the time I'm eligible to collect. :1rotfl:

I wish they would do that on a sliding scale and weigh it at the bottom income levels. We don't need it, just like we didn't need the COVID checks. I feel for those less fortunate than me, and would like to see them get more.

I thought the Covid/Stimulus payments were income related? Well, maybe not the first one but the other ones were. That's why my sister and hubby didn't get one - too wealthy! :icon_wink:

Hmmm, that must also mean they know inflation is here to stay despite their claims it's "transitory". What about those who are not eligible for S.S. yet and are in that gray area of still being employed, maybe part time, as they taper off towards retirement?

On the face of it , it looks like it will help seniors but raising wages/payments just increases the wage-price spiral (prices continue to go up). Maybe the govt. figures they are doling out more now, but they will be keeping an eye on everyone's bank/retirement accounts, savings, investments, etc. and they'll get it back somehow. :rolleyes:

Just another reason for business to raise prices and discreetly take it from us.

To a point they were, based on yearly income. We never received any of the stimulus checks but my kids did so that was best.

Don't worry, it's an easy fix. Congress just needs to grow a set and do their job.

Maybe this would be a ideal time to thank the people that are working and paying in so we can enjoy a better retirement.

Why would we want to thank them? I paid into the system for over 40 years. I think I'll thank myself.

Ditto.
I paid for mine.
The system would be more stable if only those who contributed were able to draw from it.

Create some other venue for all the non contributor payees.

The government talks about SS running out of funds.
Gezzz How that must make people feel warm and fuzzy paying into a investment every pay check and wonder why if these no money left.

Well my monthly increase won't even fill up my gas tank at today's prices - and that is BEFORE I pay additional income tax on it. Big whoop!

More expensive food, rents boost U.S. inflation; further increases anticipated

can always give it back or don’t take SS. It’s not against law.

I wouldn’t count on it.