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Message
Social Security benefits to jump by 8.7% next year, highest in 40 years
Posted on 10/13/22 at 8:42 am
Posted on 10/13/22 at 8:42 am
LINK
Must be nice for those living on a "fixed income" to get over 8%.
How many of you working class types are getting a raise of 8% at your job?
quote:
WASHINGTON (AP) — Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023.
That’s a historic increase and welcome news for American retirees and others — but it’s tempered by the fact that it’s fueled by record high inflation that’s raised the cost of everyday living.
The cost-of living adjustment means the average recipient will receive more than $140 extra a month beginning in January, according to estimates released Thursday by the Social Security Administration.
The boost in benefits. the biggest in 40 years, will be coupled with a 3% drop in Medicare Part B premiums, meaning retirees will get the full impact of the jump in Social Security benefits.
“This year’s substantial Social Security cost-of-living adjustment is the first time in over a decade that Medicare premiums are not rising and shows that we can provide more support to older Americans who count on the benefits they have earned,” said Social Security Administration’s Acting Commissioner Kilolo Kijakaz.
Must be nice for those living on a "fixed income" to get over 8%.
How many of you working class types are getting a raise of 8% at your job?
36
Posted on 10/13/22 at 8:45 am to East Coast Band
Just more grifting from the we got ours generation
Par for the course
Par for the course
Posted on 10/13/22 at 8:45 am to East Coast Band
I mean it's an earned benefit...
Posted on 10/13/22 at 8:46 am to East Coast Band
Everything is on the federal credit card. Meaning we are borrowing money from the younger generations to pay benefits to older people today
Posted on 10/13/22 at 8:46 am to East Coast Band
Best way to fight inflation is to hand out more money. Thank you Mr. President!
Posted on 10/13/22 at 8:47 am to East Coast Band
Government buying votes? No way!
Also, didn’t Biden say this was transitory inflation?
Also, didn’t Biden say this was transitory inflation?
Posted on 10/13/22 at 8:47 am to East Coast Band
I mean, you had to put money into SS to get SS so I'm fine with it. If you want to go live off of your SS benefits feel free to retire now and give it a shot.
Of all the things to get pissy about, this doesn't bother me.
Of all the things to get pissy about, this doesn't bother me.
Posted on 10/13/22 at 8:53 am to Caraway Rye
Your schools failed you. You should sue them.
Posted on 10/13/22 at 8:59 am to East Coast Band
quote:You’re bitching about elderly people getting less than $100 increases that will quickly get taken by Medicare premium increases. Pathetic
Must be nice for those living on a "fixed income" to get over 8%.
Posted on 10/13/22 at 9:01 am to East Coast Band
Mawmaw's grocery bill went up too, baw.
Posted on 10/13/22 at 9:03 am to East Coast Band
Boomers would just holocaust us millenials if they didn’t have to work us to death so they could buy rvs
Not sure if millenials are the greatest generation or the forgotten generation
Not sure if millenials are the greatest generation or the forgotten generation
Posted on 10/13/22 at 9:03 am to fatsdominos
quote:
Mawmaw's grocery bill went up too, baw.
Then mawmaw should work more to afford it like everyone not getting a 8.7% welfare bump
Posted on 10/13/22 at 9:03 am to East Coast Band
quote:
Social Security benefits to jump by 8.7% next year, highest in 40 year
But aren't they taxing it as well?
Posted on 10/13/22 at 9:03 am to East Coast Band
Anyone who uses the phrase fixed income needs to be kicked right in their dusty Silent Generation nads
Posted on 10/13/22 at 9:05 am to East Coast Band
Admin is going to spin this as a win when all it does is pour fuel on the inflation fire and is a reaction to their awful policies.
Posted on 10/13/22 at 9:06 am to Caraway Rye
quote:Do you know what social security is?
a 8.7% welfare bump
Posted on 10/13/22 at 9:06 am to molsusports
you realize these people have worked for over 40 years and paid into this every step of the way. Even with the monthly increase, they will never receive all that they have paid in. So how are they "borrowing money from the younger generation to pay benefits to older people? I'll hang up and listen.
Posted on 10/13/22 at 9:07 am to East Coast Band
quote:
Must be nice for those living on a "fixed income" to get over 8%. How many of you working class types are getting a raise of 8% at your job?
I mean, the folks you’re talking about were “working class types” who worked to pay into SS.
This I have no issue with. Their shite doubled too.
Posted on 10/13/22 at 9:09 am to East Coast Band
quote:
Must be nice for those living on a "fixed income" to get over 8%. How many of you working class types are getting a raise of 8% at your job?
Present. I got a 7.6% raise in January, sure ill get another one in the next few months.
Posted on 10/13/22 at 9:11 am to East Coast Band
quote:
Must be nice for those living on a "fixed income" to get over 8%.
How many of you working class types are getting a raise of 8% at your job?
It's a COLA adjustment based on inflation. It's not a raise. But you can still thank Biden for the historic inflation.
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