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re: Social Security Administration announces 3.6% cost-of-living adjustment for 2027
Posted on 10/15/26 at 8:46 am to SlowFlowPro
Posted on 10/15/26 at 8:46 am to SlowFlowPro
Why are y'all whining about wealthy Boomers?
Sounds like you're all on the verge of inheriting their 5 homes & Millions of Dollars without lifting a finger.
Sounds like you're all on the verge of inheriting their 5 homes & Millions of Dollars without lifting a finger.
Posted on 10/15/26 at 8:47 am to DownshiftAndFloorIt
Bingo. Means testing is coming. It's already been floated by the DNC a few times.
Expect it to be heavily pushed once the dems are back in power. Their voter base will eat it up, and it has zero impact on dem politicians and donors. They don't need the money.
Expect it to be heavily pushed once the dems are back in power. Their voter base will eat it up, and it has zero impact on dem politicians and donors. They don't need the money.
Posted on 10/15/26 at 8:48 am to Centinel
quote:
Captain Ambulance Chaser
I'm not that successful
Posted on 10/15/26 at 8:48 am to Centinel
From each according to his ability, to each according to his need.
Posted on 10/15/26 at 8:50 am to SlowFlowPro
I didn't say you were a successful ambulance chaser...
Posted on 10/15/26 at 8:51 am to ob1pimpbobi
quote:The program's structure is different though, and the difference is important.
SS is nothing more than a tax.
Every 1¢ contributed in payroll tax goes straight to a US debt obligation. The borrowed money is then spent in the general fund, identical to the handling of bond money.
The SS debt obligation differentiates it from the handling of normal tax revenue. SS is currently in the black, and covers (reduces) ~$2T of the US debt.
Ongoing revenues only cover ~80% of SS outflow though. So annual drawdown on the SSTF will deplete it in the next 6-7yrs. DC politicians want the SSTF to remain as is, so they can continue spending the money on their pet projects.
Posted on 10/15/26 at 8:52 am to fightin tigers
quote:
Hope this covers the mortgage on their vacation home.
barely, thanks for asking
Posted on 10/15/26 at 8:56 am to NC_Tigah
quote:
annual drawdown on the SSTF will deplete it
Where does the sstf get funded from if the ss tax money goes to general fund?
Posted on 10/15/26 at 9:27 am to DownshiftAndFloorIt
quote:SS tax money going straight to general fund never happens. Not once, ever. That's the point.
Where does the sstf get funded from if the ss tax money goes to general fund?
Posted on 10/15/26 at 9:57 am to Mingo Was His NameO
quote:
So just to be clear, you’re cool with your SS payments ending when you recoup what you and your employer put in?
I would with equivalent interest i could have made investing that money instead of giving it to the govt to waste.
I have made other preparations for retirement as everyone should do. Its the responsible thing.
Posted on 10/15/26 at 10:00 am to kywildcatfanone
quote:
I would with equivalent interest i could have made investing that money instead of giving it to the govt to waste.
Which is what? How do you quantify that en masse?
Posted on 10/15/26 at 10:14 am to Mingo Was His NameO
A calculation would have to be made which is fair to the recipient and equal for all investors in SS.
If I had used that money and bought a few shares of apple or ms, I'd be a multimillionaire.
Now, what is fair. Maybe use a calculation they used similar to the 9/11 victims. I would still get less either way than if I had been allowed to invest it myself.
If I had used that money and bought a few shares of apple or ms, I'd be a multimillionaire.
Now, what is fair. Maybe use a calculation they used similar to the 9/11 victims. I would still get less either way than if I had been allowed to invest it myself.
Posted on 10/15/26 at 10:18 am to NC_Tigah
How does the money get spent in the general fund if it does not go into the general fund?
Posted on 10/15/26 at 10:21 am to kywildcatfanone
quote:
If I had used that money and bought a few shares of apple or ms, I'd be a multimillionaire.
If you had bought WKHS or PLUG, you’d have almost nothing left, so I’ll ask again, how do you quantify that en masse?
Posted on 10/15/26 at 10:24 am to fightin tigers
quote:
Hope this covers the mortgage on their vacation home
Doesn’t hurt my feelings if that’s the case.
Posted on 10/15/26 at 10:25 am to DownshiftAndFloorIt
quote:The same way it does when you buy US Treasuries. Your money goes to the purchase of the note.
How does the money get spent in the general fund if it does not go into the general fund?
Posted on 10/15/26 at 10:35 am to Houston problem
quote:
Social Security Administration announces 3.6% cost-of-living adjustment for 2027
Whoo hoo! That will offset some of my expenses when I take that month-long European Viking river cruise next summer.
Thanks all you working stiffs!
Posted on 10/15/26 at 10:48 am to Mingo Was His NameO
I already answered your question.
Posted on 10/15/26 at 10:52 am to Houston problem
I'm digging it. I'll get almost $100 more a month on my disability.
A lot of people trip out when I tell them how much I'm making on disability going how do you make so much?
Well I worked hard for a long time and made good money before I got sick and they go by your highest earning years out of 35 years.
Believe you me I'd much rather not be stuck in a damn wheelchair making disability. I'd rather be working living a normal life
A lot of people trip out when I tell them how much I'm making on disability going how do you make so much?
Well I worked hard for a long time and made good money before I got sick and they go by your highest earning years out of 35 years.
Believe you me I'd much rather not be stuck in a damn wheelchair making disability. I'd rather be working living a normal life
This post was edited on 10/15/26 at 10:55 am
Posted on 10/15/26 at 10:56 am to Houston problem
How many workers will get that big of a raise?
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