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Online mystery-ak

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Retirees on tap for biggest increase in Social Security benefits since 2011
« on: September 18, 2017, 01:43:19 pm »
Retirees on tap for biggest increase in Social Security benefits since 2011
by Joseph Lawler | Sep 18, 2017, 12:01 AM

The increase in the cost-of-living allowance for Social Security benefits next year is likely to be about 2 percent, according to the latest data, which would be the biggest hike since 2011.

The official increase will be released in October, after the Bureau of Labor Statistics releases the September data for the Consumer Price Index, on which the cost-of-living increase is based.

But with the August inflation data released Thursday, it looks highly likely that the COLA will be close to 2 percent, much better than the 0.3 percent that millions of retirees and disabled workers received in 2017.

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http://www.washingtonexaminer.com/retirees-on-tap-for-biggest-increase-in-social-security-benefits-since-2011/article/2634634
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Oceander

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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #1 on: September 18, 2017, 01:44:01 pm »
There go my taxes, again. 
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Offline Rivergirl

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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #2 on: September 18, 2017, 01:45:23 pm »
As usual, any increase is eaten up with an increase in Medicare costs.
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Offline Applewood

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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #3 on: September 18, 2017, 01:45:56 pm »
Wow!  A whopping 2%.  Just enough to put me over the limit so I'll have to pay taxes.  Gee thanks!   *****rollingeyes*****
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Offline Snarknado

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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #4 on: September 18, 2017, 02:12:18 pm »
Quote from: Rivergirl on September 18, 2017, 01:45:23 pm
As usual, any increase is eaten up with an increase in Medicare costs.

Yes, it's infuriating when a lazy "journalist" is too ignorant to recognize that the "freeze" on Medicare premiums was only temporary and low-benefit recipients are still catching up to the current levels - and of course 2018 increases will be even higher.

Or for that matter to ignore the even more painful reality that inflation for the basic day-to-day necessities retirees need has been running much higher than their paltry COLAs for years now...

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Offline Suppressed

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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #5 on: September 18, 2017, 02:41:26 pm »
Quote from: Applewood on September 18, 2017, 01:45:56 pm
Wow!  A whopping 2%.  Just enough to put me over the limit so I'll have to pay taxes.  Gee thanks!   *****rollingeyes*****
:pondering:

I haven't had a 2% increase in a decade.  In wages, I mean.  Taxes and benefits, sure.
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Offline LMAO

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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #6 on: September 19, 2017, 01:52:52 am »
Quote from: Oceander on September 18, 2017, 01:44:01 pm
There go my taxes, again.

The Federal Reserve "printing press" will cover it
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Offline Applewood

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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #7 on: September 19, 2017, 10:29:52 am »
Quote from: Suppressed on September 18, 2017, 02:41:26 pm
:pondering:

I haven't had a 2% increase in a decade.  In wages, I mean.  Taxes and benefits, sure.

When I was a young pup in my first job, I got a 3% wage increase and I thought it was paltry.  LOL

Then I had jobs where some years there was no increase.  Most of my raises were around 1%. 

But no matter what the amount, any increases never really covered increases in expenses. 
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Re: Retirees on tap for biggest increase in Social Security benefits since 2011
« Reply #8 on: September 19, 2017, 04:03:49 pm »
Quote from: mystery-ak on September 18, 2017, 01:43:19 pm
Retirees on tap for biggest increase in Social Security benefits since 2011

What about the other 30% of those collecting Social Security?  The ones who are not retirees.  Do they get the increase too?
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