[kansasr]

And Medicare premiums are expected to jump 6.7%, so don't spend you SS $$$ yet.

[SkBlogW]

Originally Posted by Michael G.

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


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

Not really

Rental cars +43% over last Sept
Gas 42%
Used cars 24%
Bacon 19%
Hotels 18%
Beef 18%
Pork 13%
Eggs 13%
TVs 13%
Kids' shoes 12%
Furniture 11%
New cars 9%
Chicken 8%
Apples 8%
Restaurant prices: 5%
Electricity 5%
Rent 2.9%

https://www.bls.gov/news.release/pdf/cpi.pdf

I'm sure that 5.9% raise will help out with the heating bills

AP: U.S. government expects households to see heating bills jump as much as 54% compared to last winter

Some moron actually wrote this headline:

America Needs Higher, Longer-Lasting Inflation

[Stu from NYC]

Originally Posted by jdulej

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

If they thought they worked for us they would have fixed it years ago.

[Koapaka]

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!

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.

[Koapaka]

Originally Posted by Kenswing

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

Oh please, they will just print more! Won't cost a dime! They got that all worked out already....:1rotfl :

[rustyp]

Originally Posted by kansasr

And Medicare premiums are expected to jump 6.7%, so don't spend you SS $$$ yet.

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

[Koapaka]

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.

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......

[Escape Artist]

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 think you mean SSI?

[kkingston57]

Originally Posted by manaboutown

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

Must have a big tank.

Since moving to TV(and retiring) wife and I go through about 40 gallons a month, including the golf cart. Prior to pandemic paid about $2.50-$2.75 a gallon. This is a gas increase of $10 - $11 a month.

[Koapaka]

Originally Posted by Escape Artist

I think you mean SSI?

Do Children Get a Deceased Parent's Social Security?

[Garywt]

Hope it is for my disability as well. Last 2 years I got 1.6% and 1.3%. Not paying anything for insurance as I get that through my pension.

[Rango]

Originally Posted by GrumpyOldMan

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.

If you don’t need it, donate to charity

[MrFlorida]

We worked our whole lives and paid into the system, not like the free loaders that get handouts and never paid a dime.... So, when they say SS is running out of money, lets stop the free giveaways first.

[manaboutown]

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

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.

[Vikingjunior]

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