Social Security 2024 COLA expected to jump 3%

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August 04, 2023, 08:06 AM

wcb6092

Social Security 2024 COLA expected to jump 3%

https://www.newsnationnow.com/...wsnation-cross-brand

That will take care of the $9.00 jars of mayonnaise.

August 04, 2023, 08:14 AM

Jupiter

I'm still trying to find ways to spend the 8.3% we got last year.

Diligentia, Vis, Celeritas

"People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf."
-- George Orwell

August 04, 2023, 09:49 AM

shovelhead

quote:
Originally posted by wcb6092:
https://www.newsnationnow.com/...wsnation-cross-brand

That will take care of the $9.00 jars of mayonnaise.

Yeah, frozen hash browns have over doubled in price since 2021. 3% my ass.

And of course this zinger: The future of Social Security remains uncertain and that could have a major impact on retirement plans, as funds are expected to be depleted by 2035, according to the Board of Trustees.

Amazing welfare programs like SNAP, Section 8 never seem to get the threat of cuts.

-------------------------------------——————
————————--Ignorance is a powerful tool if applied at the right time, even, usually, surpassing knowledge(E.J.Potter, A.K.A. The Michigan Madman)

August 04, 2023, 10:00 AM

pace40

I read the article and have one question.

What is a "disabled corker", and can I get more money if I am one?

I guess that's 2 questions.

August 04, 2023, 10:49 AM

mcrimm

Take a look at my electricity bill, my natural gas bill, my gasoline bill, my grocery bill.........

Sure 3% easily covers one or two of these. Inflation is a big deal to many of my friends who have been forced to cut back on basic needs - including mayonnaise.

I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
...................................
When you have no future, you live in the past. " Sycamore Row" by John Grisham

August 04, 2023, 10:49 AM

grumpy1

Just 3 percent? That is no where close to real inflation rate IMHO but not surprising.

Going to be interesting to see what they do with SS and Medicare due to it's dire financial situation. I am sure "tax the rich" will be the main answer but there just aren't enough rich people around to make much of a dent in the SS/Medicare problem. The can has been kicked down to just about the very end of the road now.

August 04, 2023, 10:51 AM

gnappi

quote:
Originally posted by wcb6092:
https://www.newsnationnow.com/...wsnation-cross-brand

The various dollar store containers are downsizing volume by as much as 40% and the price for everything across the board is now $1.25.

That will take care of the $9.00 jars of mayonnaise.

August 04, 2023, 10:53 AM

Anush

quote:
SS and Medicare due to it's dire financial situation

I have been hearing that for 50 years

__________________________________________________

If you can't dazzle them with brilliance, baffle them with bullshit!

Sigs Owned - A Bunch

August 04, 2023, 10:53 AM

grumpy1

quote:
Originally posted by mcrimm:
Take a look at my electricity bill, my natural gas bill, my gasoline bill, my grocery bill.........

Sure 3% easily covers one or two of these. Inflation is a big deal to many of my friends who have been forced to cut back on basic needs - including mayonnaise.

Yes costs have increased substantially on dang near everything and still keep going up. Home/health/auto insurance has been getting really expensive. Holy cow on auto repairs/maintenance or any work you want done to the home or yard.

August 04, 2023, 11:10 AM

losvaqueros

quote:
Originally posted by Anush:
quote:
SS and Medicare due to it's dire financial situation

I have been hearing that for 50 years

That’s it!

August 04, 2023, 11:30 AM

Warhorse

quote:
Originally posted by losvaqueros:
quote:
Originally posted by Anush:
quote:
SS and Medicare due to it's dire financial situation

I have been hearing that for 50 years

That’s it!

Yep, spent the majority of my working life thinking I wouldn't be able to collect SS because it would be dissolvent by the time I could start collecting it. But I've been getting fat on it for seven years now!

August 04, 2023, 12:08 PM

egregore

I intend to collect mine in September. I am simultaneously looking forward to and apprehensive about it.

August 04, 2023, 03:43 PM

sigcrazy7

Great. I’ll be 67 in 2035.

_{Demand not that events should happen as you wish; but wish them to happen as they do happen, and you will go on well. -Epictetus}

August 04, 2023, 03:50 PM

6guns

I got my first "check" (direct deposit) last April. I'll be 65 in October and glad I started taking it when I did.

The fact we've been paying into it all our working lives and that they've stolen from it really pisses me off. It's future is very uncertain.

I pity the people younger than I.

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August 04, 2023, 04:17 PM

Fly-Sig

Part of my decision to take SS at 62 last year was to get what I can in case they have to make future cuts due to insolvency.

Most likely the government will alter adjustments and taxes to effectively reduce payouts while being able to claim they haven't touched SS itself. Inflation will miraculously be near zero, and taxes on retirees will increase.

August 04, 2023, 04:19 PM

Fly-Sig

quote:
Originally posted by pace40:
I read the article and have one question.

What is a "disabled corker", and can I get more money if I am one?

I guess that's 2 questions.

I've heard of "Cork Soakers". Kamala used to sideline in that old profession...

August 04, 2023, 04:23 PM

parabellum

Class?

August 04, 2023, 04:53 PM

911Boss

That word “jump”, I don’t think means what they think it means.

More of a bunny hop…

August 04, 2023, 06:20 PM

arfmel

quote:
Originally posted by parabellum:
Class?

Politics in a non-political thread.