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Offline mystery-ak

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Your Social Security COLA increase could be bigger than expected next year
« on: April 16, 2024, 10:37:23 am »
 Published April 16, 2024 7:00am EDT
Your Social Security COLA increase could be bigger than expected next year
Social Security COLA estimate rises as inflation heats up again

By Megan Henney FOXBusiness


Social Security recipients are on track to receive a cost-of-living adjustment (COLA) next year that is bigger than previously expected after inflation accelerated for the third month in a row.

The Senior Citizens League, a nonpartisan group that focuses on issues relating to older Americans, estimated the adjustment could be about 3%, based on March inflation data, which showed the consumer price index climbed 0.4% from the previous month and is up 3.5% from the same time last year.

Both figures are higher than expected, underscoring the challenge of taming high inflation. 

The annual Social Security change is calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers, or the CPI-W, from July, August and September. The CPI-W also posted a 3.5% increase in March.

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https://www.foxbusiness.com/personal-finance/your-social-security-cola-increase-could-be-bigger-expected-next-year
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Offline rustynail

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #1 on: April 16, 2024, 10:40:26 am »
'Next year'?  We have to get there first.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #2 on: April 16, 2024, 10:40:55 am »
Why not

If we’re going to go down the path of fiscal ruin we might as well go all out
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Offline AllThatJazzZ

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #3 on: April 16, 2024, 10:46:33 am »
The COLA has been on the high side since Biden has been in office because the Cost Of Living has soared. In spite of those increases, the COLA never keeps up with the damage Bidenflation has done to our finances.

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #4 on: April 16, 2024, 11:07:08 am »
Should be 10%.  We got screwed on the current COLA that started in Jan.  F'ing Bidenomics is Squints McBiden's way of killing the middle class. 
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Online DefiantMassRINO

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #5 on: April 16, 2024, 11:10:05 am »
Does this mean the Social Security "Trust Fund" will go bankrupt sooner?
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #6 on: April 16, 2024, 11:12:55 am »
Quote from: DefiantMassRINO on April 16, 2024, 11:10:05 am
Does this mean the Social Security "Trust Fund" will go bankrupt sooner?

Nah.  All these "new arrivals" will pay into SS and fund it for a hundred more years.

 :smokin: :smokin:
 
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #7 on: April 16, 2024, 11:58:19 am »
Quote from: rustynail on April 16, 2024, 10:40:26 am
'Next year'?  We have to get there first.

Yup.
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #8 on: April 16, 2024, 12:02:38 pm »
Quote from: LMAO on April 16, 2024, 10:40:55 am
Why not

If we’re going to go down the path of fiscal ruin we might as well go all out

If you object to receiving SS and an increase, you can send it our way. 

Thanks ahead of time.  happy77
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #9 on: April 16, 2024, 12:02:59 pm »
Quote from: Wingnut on April 16, 2024, 11:12:55 am
Nah.  All these "new arrivals" will pay into SS and fund it for a hundred more years.

 :smokin: :smokin:

 888high58888
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Offline GtHawk

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #10 on: April 16, 2024, 12:12:27 pm »
Quote from: Wingnut on April 16, 2024, 11:12:55 am
Nah.  All these "new arrivals" will pay into SS and fund it for a hundred more years.

 :smokin: :smokin:
Do I detect a skosh of sarcasm in your response :pondering:
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #11 on: April 16, 2024, 12:28:28 pm »
They could have had more American workers paying into SS if they hadn't offshored so many jobs.
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Offline banddag

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #12 on: April 16, 2024, 12:48:29 pm »
Quote from: DefiantMassRINO on April 16, 2024, 12:28:28 pm
They could have had more American workers paying into SS if they hadn't offshored so many jobs.

Anyone who is without a job over the last 20 years just does not want to work. I pass help wanted signs every single day-high paying jobs. Gas field, skilled blue collar, health care and I live in a moderate growth area.
The jobs Hispanics took were jobs 99% of Americans would never do.  Field work, landscaping, meatpacking,  restaurant help such as dushwashers and busboys.   
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Offline banddag

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #13 on: April 16, 2024, 12:52:30 pm »
Quote from: Wingnut on April 16, 2024, 11:12:55 am
Nah.  All these "new arrivals" will pay into SS and fund it for a hundred more years.



Actually they will.  The real reason neither the dems or republicans are not doing anything is our society would collapse without new younger workers. Our native born birthrate is below replacement level.

Look at Japan and Europe..selling homes for a $1 .   11 million empty homes in Japan.

We do need to build a wall and vet these folks but Trump will never stop the flow..maybe some.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #14 on: April 16, 2024, 01:21:55 pm »
Quote from: libertybele on April 16, 2024, 12:02:38 pm
If you object to receiving SS and an increase, you can send it our way. 

Thanks ahead of time.  happy77

How do you think they’re gonna pay for that increase? Hint: More borrowing and printing
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #15 on: April 16, 2024, 01:22:28 pm »
Actually they won't be paying into SS. Are you kidding me?  They are NOT authorized to work in the U.S., and in order to pay into SS they would have to fill out a W-4 with their social security number which if they are ILLEGAL they will not have one unless they've stolen an identity. There are laws against employers who hire ILLEGALS because they are NOT paying taxes!

IF amnesty is granted, then of course they become citizens and IF they work, they would pay taxes -- that hasn't occurred yet.

Not enough $$ for SS? If they would stop taking funds out of the program to support ILLEGALS it wouldn't present a problem.

Let's see -- COVID was aimed to kill off seniors as they were they most vulnerable class -- get rid of enough of them and voila, the won't be needing SS -- just my opinion.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #16 on: April 16, 2024, 01:29:17 pm »
A lot of this is because people are living longer and on the system longer. And there are a few younger workers to pay for it

There is going to be privatization  or at least partial privatization of Social Security sometime in the future. It is simply unsustainable


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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #17 on: April 16, 2024, 01:35:21 pm »
Quote from: LMAO on April 16, 2024, 01:29:17 pm
A lot of this is because people are living longer and on the system longer. And there are a few younger workers to pay for it

There is going to be privatization  or at least partial privatization of Social Security sometime in the future. It is simply unsustainable

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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #18 on: April 16, 2024, 02:11:11 pm »
Quote from: LMAO on April 16, 2024, 01:21:55 pm
How do you think they’re gonna pay for that increase? Hint: More borrowing and printing

Raise the retirement age, increase the SS deduction and quit taking from SS to pay for other obligations.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #19 on: April 16, 2024, 02:47:44 pm »
Quote from: libertybele on April 16, 2024, 01:22:28 pm

Let's see -- COVID was aimed to kill off seniors as they were they most vulnerable class -- get rid of enough of them and voila, the won't be needing SS -- just my opinion.


And if they couldn't kill us with the virus, they knew they had a good chance with the jab.
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #20 on: April 16, 2024, 03:02:30 pm »
Quote from: AllThatJazzZ on April 16, 2024, 02:47:44 pm

And if they couldn't kill us with the virus, they knew they had a good chance with the jab.

Exactly. I was encouraged to get the jab as I was very high risk.  Nope, I took my chances as I wasn't going to inject some hurried vaccine into my body that my body likely wouldn't be able to fight. 
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Offline banddag

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #21 on: April 16, 2024, 03:56:25 pm »
Quote from: libertybele on April 16, 2024, 01:22:28 pm
Actually they won't be paying into SS. Are you kidding me?  They are NOT authorized to work in the U.S., and in order to pay into SS they would have to fill out a W-4 with their social security number which if they are ILLEGAL they will not have one unless they've stolen an identity. There are laws against employers who hire ILLEGALS because they are NOT paying taxes!



Illegals who get a work permit and get a job in the US do pay into SS. Undocumented immigrants pay into the Social Security system using an Individual Taxpayer Identification Number (ITIN), which is issued by the Internal Revenue Service (IRS) to individuals who are not eligible for a Social Security number but who have tax obligations in the United States.
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Offline AllThatJazzZ

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #22 on: April 16, 2024, 05:45:20 pm »
Quote from: libertybele on April 16, 2024, 03:02:30 pm
Exactly. I was encouraged to get the jab as I was very high risk.  Nope, I took my chances as I wasn't going to inject some hurried vaccine into my body that my body likely wouldn't be able to fight.

@libertybele

Unfortunately, I trusted my doctor. She took it as well. Wish I could turn back the clock, but  :shrug:
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #23 on: April 16, 2024, 06:18:58 pm »
Quote from: AllThatJazzZ on April 16, 2024, 05:45:20 pm
@libertybele

Unfortunately, I trusted my doctor. She took it as well. Wish I could turn back the clock, but  :shrug:

Over the years for various reasons, I have become very leery of medical professionals and find that they are even less trustworthy.  No you can't turn back the clock and it is shameful what has happened to you and millions.  For that matter all of us were victims in one way or another.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #24 on: April 16, 2024, 06:34:42 pm »
Quote from: libertybele on April 16, 2024, 06:18:58 pm
Over the years for various reasons, I have become very leery of medical professionals and find that they are even less trustworthy.  No you can't turn back the clock and it is shameful what has happened to you and millions.  For that matter all of us were victims in one way or another.


@libertybele

I hear you. Same for me. Just about the time I realized that the healthcare industry was failing us big time, this book, written by a doctor who did a 180 in his practice, caught my eye. My doctor doesn't agree with his approach to good health, but since Big Pharma, Big Food and Big Medicine don't benefit from his approach, I'm all ears.
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #25 on: April 16, 2024, 06:36:29 pm »
Quote from: AllThatJazzZ on April 16, 2024, 06:34:42 pm

@libertybele

I hear you. Same for me. Just about the time I realized that the healthcare industry was failing us big time, this book, written by a doctor who did a 180 in his practice, caught my eye. My doctor doesn't agree with his approach to good health, but since Big Pharma, Big Food and Big Medicine don't benefit from his approach, I'm all ears.

Yes, it has captured my attention as well. Thanks for the tip.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #26 on: April 16, 2024, 06:40:38 pm »
I refused the Jab.  If I am gonna die it will be from some environmental thing that caused my cancer.  Not the Facie Jab,

Hey I might, or my heirs, might be entitled to significant compensation.  Huey Dewey Cheatem Are representing me.
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #27 on: April 16, 2024, 07:04:40 pm »
Quote from: Wingnut on April 16, 2024, 06:40:38 pm
I refused the Jab.  If I am gonna die it will be from some environmental thing that caused my cancer.  Not the Facie Jab,

Hey I might, or my heirs, might be entitled to significant compensation.  Huey Dewey Cheatem Are representing me.

Never thought about that -- class action lawsuits just waiting to happen!  :beer:
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #28 on: April 16, 2024, 07:08:16 pm »
Quote from: Wingnut on April 16, 2024, 06:40:38 pm
I refused the Jab.  If I am gonna die it will be from some environmental thing that caused my cancer.  Not the Facie Jab,

Hey I might, or my heirs, might be entitled to significant compensation.  Huey Dewey Cheatem Are representing me.


Previously Dewey, Cheatem & Howe.
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Offline Smokin Joe

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #29 on: April 16, 2024, 07:37:25 pm »
Quote from: Wingnut on April 16, 2024, 11:12:55 am
Nah.  All these "new arrivals" will pay into SS and fund it for a hundred more years.

 :smokin: :smokin:
Yep. Wage inflation alone, especially post COVID with a gozillion small businesses gone, is just not enough to keep the tax money rolling in. I always figured that the government would inflate its way out of debt (I have one quadrillion dollars, Zimbwabe bucks, at par that would pay off the debt). That just has not been enough, despite record levels of inflation, so they will need more people kicking into the kitty.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #30 on: April 16, 2024, 07:41:35 pm »
Quote from: banddag on April 16, 2024, 12:48:29 pm
Anyone who is without a job over the last 20 years just does not want to work. I pass help wanted signs every single day-high paying jobs. Gas field, skilled blue collar, health care and I live in a moderate growth area.
The jobs Hispanics took were jobs 99% of Americans would never do.  Field work, landscaping, meatpacking,  restaurant help such as dushwashers and busboys.
Actually, Hispanics have moved heavily into the construction sector, drywall, framing, roofing, concrete, and they are good at and fast. people who know how to work and are not afraid of breaking a sweat. The ones we see are a hard working bunch, and have good family values as well, but we are a ways from the southern border, too.
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Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #31 on: April 16, 2024, 10:52:43 pm »
Quote from: AllThatJazzZ on April 16, 2024, 07:08:16 pm

Previously Dewey, Cheatem & Howe.

Yeah...those guys!
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Offline Hoodat

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #32 on: April 17, 2024, 12:27:41 am »
Quote
Your Social Security COLA increase could be bigger than expected next year

A nice way of saying that inflation will be bigger than expected next year.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #33 on: April 17, 2024, 04:48:43 pm »
Quote from: Hoodat on April 17, 2024, 12:27:41 am
A nice way of saying that inflation will be bigger than expected next year.

Senior citizens will get an increase in their COLA, but they won’t be able to afford anything with it
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Offline banddag

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #34 on: April 17, 2024, 04:50:18 pm »
Quote from: Smokin Joe on April 16, 2024, 07:41:35 pm
Actually, Hispanics have moved heavily into the construction sector, drywall, framing, roofing, concrete, and they are good at and fast. people who know how to work and are not afraid of breaking a sweat. The ones we see are a hard working bunch, and have good family values as well, but we are a ways from the southern border, too.

I agree. Every business person today talks about how hard working Hispanics are over their white counterparts.  White males have become lazy, drug addicts and worthless and have an attitude.  Not all but many. It truly is sad.
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #35 on: April 17, 2024, 05:04:45 pm »
Quote from: banddag on April 17, 2024, 04:50:18 pm
I agree. Every business person today talks about how hard working Hispanics are over their white counterparts.  White males have become lazy, drug addicts and worthless and have an attitude.  Not all but many. It truly is sad.

If you want to  see another hard-working group of people, it’s Filipinos. We have several of them work in the hospital and they are the hardest working people I’ve ever seen.

And very socially conservative and family oriented. I believe they are Catholic
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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #36 on: April 17, 2024, 05:05:43 pm »
Quote from: LMAO on April 17, 2024, 04:48:43 pm
Senior citizens will get an increase in their COLA, but they won’t be able to afford anything with it

Word. Despite the increases in the last 2 years, I have numerous home repair and maintenance projects that I can't afford to have done. The same with my car.
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A government big enough to give you everything you want
is a government big enough to take away everything you have.


Any government that can silence its critics
has a license for any kind of atrocity.
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Online Cyber Liberty

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #37 on: April 17, 2024, 05:11:47 pm »
Quote from: LMAO on April 17, 2024, 04:48:43 pm
Senior citizens will get an increase in their COLA, but they won’t be able to afford anything with it

It won't come anywhere close to what it would take to repair the damages it's doing to retired people.
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Offline libertybele

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Re: Your Social Security COLA increase could be bigger than expected next year
« Reply #38 on: April 19, 2024, 12:01:36 pm »
Quote from: Cyber Liberty on April 17, 2024, 05:11:47 pm
It won't come anywhere close to what it would take to repair the damages it's doing to retired people.

No it won't.  They want to extinguish the retirees.. However, IMNHO they are tougher, smarter and more resourceful than those younger.
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