[EdFNJ]

Originally Posted by Topspinmo

I wouldn’t count on it.

Why, you think it was just a tease and they will say "nynah nynah nynah fooled you" come January? Kinda doubt that.

Press Release | Press Office | SSA

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022, the Social Security Administration announced today.

[tophcfa]

Originally Posted by Babubhat

The criminals in our government has been punishing savers for hundreds of billions of dollars of their suppression of interest rates. It’s the least They can do

You got that right. It used to be that interest rates were set so that savers earned a real rate of return (rates were set above the inflation rate). It was nice when savings (responsibility) was encouraged and rewarded. Now taking out massive levels of unsustainable debt are encouraged, and our government is the leading culprit of this irresponsible behavior.

[EdFNJ]

Originally Posted by Koapaka

They all were income related, we did not get a dime (but had already decided that if we had gotten one we were going to give it to our house cleaning lady because both she and her husband had lost all their work initially.) Glad we did not say anything to her about it, because got nothing.

Yea, it's tough out there. You should have just gifted your "house cleaning lady" a check if you felt so bad for her. My "house keeping lady" has been with me for 53 years, she gets it all anyway so I don't feel bad for her.

[Koapaka]

Originally Posted by EdFNJ

Yea, it's tough out there. You should have just gifted your "house cleaning lady" a check if you felt so bad for her. My "house keeping lady" has been with me for 53 years, she gets it all anyway so I don't feel bad for her.

Actually, we kinda did...but didn't. We did give her a $500 Kroger card, and we kept her coming as long as she felt safe coming to clean. The conversation just turned to "ok...IF we get a check, what should we do with it"....ya know, kinda like buying that Lottery ticket and dreaming about all the stuff you will do with your winnings.

[manaboutown]

Originally Posted by Koapaka

Actually, we kinda did...but didn't. We did give her a $500 Kroger card, and we kept her coming as long as she felt safe coming to clean. The conversation just turned to "ok...IF we get a check, what should we do with it"....ya know, kinda like buying that Lottery ticket and dreaming about all the stuff you will do with your winnings.

Years ago my neighbor gave their cleaning lady a Mercedes. Ok, it was a small one but still...

[Topspinmo]

Originally Posted by Koapaka

THIS!!!!!!! Hit the nail on the head. Do you realize every time we hear about all the shooting deaths in Chicago over the last weekend how many daddy's babies mommas are lined up at the SS office claiming for the little darlings????

Don't have to be married to collect for kiddo.

I actually know of a guy who is in his 70's, still out fathering kids with his girlfriends (wife died, he likes them much younger now) and every time one of his little lady friends gets knocked up and the kid is born, HIS SS payments increase for another dependent!

When he dies, guess who will all be lining up to start their claim......

I know guy that collected SSI on his own kid that he never supported till mother died of cancer.

[RVJim]

Originally Posted by billethkid

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.

Handouts, handouts, handouts .. everyone wants THEIR handout but doesn’t want anyone else to get one.

[DaleDivine]

Originally Posted by Vikingjunior

I can’t wait to see what kind of increase members of Congress get.

Theirs will probably be a minimum of 10%...

[Luggage]

Feel free to send me your excess. There are at least 50% of social security recipients living strickling on that as their income. In reality I would have to agree with you that it would really be nice to give a little bit more at the bottom. But of course our Congress takes that into effect with the tax code by grabbing it back and Medicare goes up every year taking most of the raise. Getting back to the checks that everyone had gotten last year, it would have made a lot of sense to proportionally give more to lower incomes ie $2,000 to those getting under $50,000 in income versus everyone getting those $1,200 checks equally. Oh well

[Luggage]

I really have to laugh about 5.9%. firstly the raise is always come a year after we've been hit with inflation, so we're automatically behind by that 5.9%. gas is up about a dollar milk is also up about a dollar I insurance rate for my home is up $500, those few things take up the entire social security raise leaving me probably with a negative one or two thousand dollars for the year coming up. I know a lot of people made money in the stock market but I bet you have the people on social security have nothing in the stock market

[Luggage]

Actually there were some very good reasons to have inflation, it just depends on how high you want to consider good. I bet you love that your house is going up 50% this year in value. That's definitely one of the reasons economist believe in inflation. Compare our economy to Japan's where they've actually had a negative inflationary growth for over 10 years

[Luggage]

They were very barely come related, this isn't the whole story but I know that those over 150,000 got nothing. As in my other post it would have been nice to have been inversely proportional to your income, just like income taxes are proportional the other way, it would have been nice to have five or six income brackets ie those under $25,000 got the most, then 50,000 and 75 then 100 etc got proportionally less. But certain Congress people have no common sense which is why all I can do to get elected and get money from us

Originally Posted by Escape Artist

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!

[rustyp]

Originally Posted by manaboutown

Many folks pay more than $148/mo. Some are paying an additional $504.90/mo.

It is like your income is high enough you must pay $15 for a $5 hamburger at Mickey D's. Just another confiscatory tax.

Originally Posted by rustyp

And the point is ???

The average social security check in USA is $1400/month
The medicare premium for 2021 was $148/month

Thus the average raises will be:
- Social security +$84/month
- Max Medicare premium will be +$10/month

Likewise many folks collect more than $1400/month SSI.
FYI Your reported income needs to be $500,000 to have a Medicare premium of $504.90 and that is the total premium not additional. Thus their premium is +$356.40 higher than the average Joe. Oh I can't imagine how those $500K AGI seniors are making ends meet.

[thevillages2013]

Originally Posted by Kenswing

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

For the majority of my life I have paid 15.3 % right off the top. I think I have covered mine and a few others

[Dantes]

Don’t worry the annul Medicare increase will take care of any increase lol