Talk of The Villages Florida

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- The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)

- - SS increase (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/ss-increase-331084/)

OMG !!! This is early April and people are talking about SS cost of living . AMAZING, I was bored waiting at dentist but not that bored, I’m out see you tomorrow where sadly they’ll probably be a couple of hundred posts

Quote:

Originally Posted by Michael G. (Post 2082781)

So, with inflation, we can except another increase on our Social Security, right?

Except for increase in Medicare deduction I am just banking SS check living off Pension check and mandatory 401k which is being reinvested another $200+ next year maybe not counting on it not going to make a difference

Quote:

Originally Posted by DAVES (Post 2082838)

That is and always has been the result of inflation. Inflation is good for debtors. You pay back what you owe with devalued dollars. Talk about debtors. Our national debt is 30 Trillion dollars. A sum I freely admit, some do not see it, an incomprehensible amount. Inflation as stated works well for debtors.

Yup, and about 30% ($8B) of that thanks to the previous administration. Which is a completely unfair statement because while factual a significant amount of that was due to COVID, and was an appropriate use of borrowing money.

But, it is what it is.

Quote:

Originally Posted by rustyp (Post 2082841)

You do realize you keep giving the OP the responses he likes trolling for. If he really wanted to know if there will be an increase in SS next year he simply can push the google button.

Maybe I just want to hear other peoples opinion.

Quote:

Originally Posted by rustyp (Post 2082841)

Do you think there will be an increase in social security next year ? One thing for sure the stories of the good old days will not disappear. I had to walk uphill both ways and barefoot to school. You do realize you keep giving the OP the responses he likes trolling for. If he really wanted to know if there will be an increase in SS next year he simply can push the google button.

Of course there will be an increase in SS next year but really wish congress would fix SS before it collapses.

I am answering this thread only because I find the topic of interest.

Quote:

Originally Posted by DAVES (Post 2082837)

Simply that is not so. When, I graduated college, 1974 the economy, was in recession, and I had spent years of saving from WORK, on college. I owed on top of what my parents paid, my savings, and working part time, 13,000 in loans. Definition of a loan, a bank lends you money, charges interest and expects YOU to pay it back. Aside, 13,000 is roughly 78,000 today. I more or less followed a simple plan. It is outlined in a book that I no longer recall the title. You save 10% of your income and live on the rest. It is not easy but it has and does payoff. My advice, refuse to fail, life is not fair, it never was, deal with what is not what should be. Our nation is loaded with opportunities too many walk past them, do not see them, because they expect a handout.

Agreed.

One of my daughters works for a non-profit, in DC. Decent salary, but not huge by any means.

When she started, she put 3%/year away for retirement and her company matched it. The next year she upped it to 6% (they matched it, which was their max). Then she went to 10%, so 16%/year in total in her 401k. She was also able to save enough to buy a 1 br condo. She's 32, has over $100K in savings and her pension.

She used to only go to happy hours where they had specials. Same with eating out. They all knew where the bargains were.

She's getting married next month and will rent out her condo (for a profit) as it's a bit small for two people...

Quote:

Originally Posted by Michael G. (Post 2082853)

Maybe I just want to hear other peoples opinion.

no argument here. However I sometimes wonder (to myself) where does curiosity end and trolling begin ?.

Quote:

Originally Posted by rustyp (Post 2082867)

no argument here. However I sometimes wonder (to myself) where does curiosity end and trolling begin ?.

They can be hard to tell apart sometimes

A current estimate for 2023 is 8.9%

MSN

Noticed payment is 2-3 days late. Almost a heart attack until I checked the website for date of payment

Quote:

Originally Posted by rustyp (Post 2082867)

no argument here. However I sometimes wonder (to myself) where does curiosity end and trolling begin ?.

The eye of the beholder

Quote:

Originally Posted by dewilson58 (Post 2082815)

There's an uneducated statement.

Certainly not the first today……

Quote:

Originally Posted by rustyp (Post 2082867)

no argument here. However I sometimes wonder (to myself) where does curiosity end and trolling begin ?.

You have to consider the source.

Quote:

Originally Posted by Michael G. (Post 2082781)

So, with inflation, we can except another increase on our Social Security, right?

Probably not, but the amenity fees have gone up in correlation to the consumer price index. Ours went up $12 a month and will stay that way until next April when it is reevaluated. The lady at the Utility Customer Service Center at Sumter Landing said that she has only known of one time when a reevaluation resulted in the lowering of the amenity fee.

I guess it depends on Putin.