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Author Topic: Small Social Security COLA could leave retirees struggling to get by next year  (Read 351 times)

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Online mystery-ak

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Small Social Security COLA could leave retirees struggling to get by next year
« on: December 18, 2023, 05:27:52 pm »
Published December 18, 2023 11:37am EST
Small Social Security COLA could leave retirees struggling to get by next year
Social Security recipients to see 3.2% payment bump in 2024

By Megan Henney FOXBusiness

The modest cost-of-living bump in Social Security benefits next year could leave many retirees struggling to get by as they continue to battle still-high inflation that has rapidly eroded their purchasing power.

A new survey published by Atticus found that an overwhelming percentage of seniors collecting Social Security – about 62% – are dissatisfied with the 3.2% payment increase they will receive in 2024.

In fact, nearly three in five seniors reported struggling financially as the cost of everyday necessities like food, rent and medical care remains uncomfortably high, while about 20% of seniors receiving Social Security plan to seek employment next year due to the small increase.

Retirees reported concerns over rising utility, insurance, heating and food costs.

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https://www.foxbusiness.com/economy/small-social-security-cola-could-leave-retirees-struggling-get-next-year
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Online GtHawk

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Re: Small Social Security COLA could leave retirees struggling to get by next year
« Reply #1 on: December 18, 2023, 06:10:36 pm »
I wonder what the increase is for all the illegals on the welfare they aren't legally supposed to receive? Along with all the other inflationary increases my rent went up $125 a month, but hey my 3.2% after increased Medicare payment nets me $80 bucks....so I'm good 9999hair out0000 I should cross the border illegally change my name to Juan Medina and get my free housing, food and clothing, medical, etc., etc. Oh and all that while not paying a penny of taxes while working because I claim eleventyfifty dependents when I file using my handy IRS provided tax ID.
« Last Edit: December 18, 2023, 06:12:06 pm by GtHawk »
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Online Hoodat

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Re: Small Social Security COLA could leave retirees struggling to get by next year
« Reply #2 on: December 18, 2023, 07:17:59 pm »
This is no different than any other government entitlement program.
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Online LMAO

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Re: Small Social Security COLA could leave retirees struggling to get by next year
« Reply #3 on: December 18, 2023, 07:44:23 pm »
Quote from: Hoodat on December 18, 2023, 07:17:59 pm
This is no different than any other government entitlement program.

A fact that’s lost on many
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Offline mountaineer

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Re: Small Social Security COLA could leave retirees struggling to get by next year
« Reply #4 on: December 18, 2023, 08:03:13 pm »
Quote
Retirees reported concerns over rising utility, insurance, heating and food costs.
All of which are skyrocketing. FJB.
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