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When will social security increase due to inflation?
Posted on 7/2/22 at 7:45 am
Posted on 7/2/22 at 7:45 am
Seems like retired people would be better off on welfare since it has seen inflation increases
Sad that people who actually contributed are punished while the free loaders are rewarded
Sad that people who actually contributed are punished while the free loaders are rewarded
16
Posted on 7/2/22 at 7:46 am to stout
quote:
Sad that people who actually contributed are punished while the free loaders are rewarded
This is an actual Dimocrat strategy. Use your money to pay for votes.
Posted on 7/2/22 at 7:50 am to stout
Welfare buys votes.
Posted on 7/2/22 at 7:51 am to stout
quote:
Sad that people who actually contributed are punished while the free loaders are rewarded
They are the ones that created and cultivated the freeloaders. Hence, we have our current dilemma.
Posted on 7/2/22 at 7:54 am to stout
They get a cost of living adjustment every year.
Posted on 7/2/22 at 7:55 am to stout
Good question. Bad assumption as those of us who had our earnings commandeered for “the common good” over a lifetime, honored our part of the Contract. Even so, the Fascists/Marxists are going to crash the whole economy and God only knows what replaces it. ‘Wailing and gnashing of teeth” most likely.
Posted on 7/2/22 at 7:56 am to Bestbank Tiger
They also get an increase in Medicare premiums that offset much of the increase.
Posted on 7/2/22 at 7:59 am to FlyingTiger1955
quote:
They also get an increase in Medicare premiums that offset much of the increase.
Correct and there is no way the increase keeps up with current inflation levels.
Posted on 7/2/22 at 8:03 am to stout
quote:Why do you consider people on SS freeloaders. They paid into a system for 40 years. I paid into our state retirement system and I got a pretty good bump on the cost of living on the 13th check.
Sad that people who actually contributed are punished while the free loaders are rewarded
Posted on 7/2/22 at 8:13 am to stout
I found out a few years ago that the amount of money that can be taxed for social security tax each year is limited. It positively impacts me each year, but it’s so dumb of the IRS to limit their revenue. Just another sign of how idiotic our federal government is.
Posted on 7/2/22 at 8:17 am to MEANGREEN65
It is capped because the amount you can draw each month is capped.
Posted on 7/2/22 at 8:20 am to Diamondawg
quote:
Why do you consider people on SS freeloaders. They paid into a system for 40 years. I paid into our state retirement system and I got a pretty good bump on the cost of living on the 13th check.
He is referring to welfare recipients as the free loaders. They get cost of living increases due to inflation.
Posted on 7/2/22 at 8:21 am to jm_1776
quote:
They are the generation that created and cultivated the freeloaders.
100% correct
Posted on 7/2/22 at 8:24 am to Diamondawg
quote:
Why do you consider people on SS freeloaders.
I didn't. Read my OP again.
Posted on 7/2/22 at 8:50 am to stout
Social Security did increase by 5.9% in January of 2022 due to inflation. In a normal economy, that would be fine, in Biden’s economy, it ain’t.
Posted on 7/2/22 at 8:54 am to stout
It will be a while, the whole point of the currency devaluation going on is to raise wages, reduce benefits, effectively reduce national debt, and raise taxes without actually voting to do so or announcing it publicly.
Whom is being punished right now are savers and retirees and they will bear the brunt of this by having their nest egg substantially reduced.
This inflation is being induced and is not an accident.
Whom is being punished right now are savers and retirees and they will bear the brunt of this by having their nest egg substantially reduced.
This inflation is being induced and is not an accident.
Posted on 7/2/22 at 9:12 am to stout
Such a stupid system. Let’s make old people’s retirement income based on younger people working and then give young people reasons not to work. Oh and we will fund the reasons not to work out of the pockets of people that haven’t yet realized there is no reason to work.
Posted on 7/2/22 at 9:19 am to OceanMan
No shite. It would be much better to pay into an annuity over 40 years, but, you can't rob an insurance company like you can taxes.
Posted on 7/2/22 at 9:22 am to stout
quote:
Sad that people who actually contributed are punished while the free loaders are rewarded
Freeloaders vote Democrat. Workers don't.
Posted on 7/2/22 at 9:48 am to stout
quote:my mistake
I didn't. Read my OP again.
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