topic Re: Social security increase for 2022 in Community Chat

Social security increase for 2022

gidgetgh — Wed, 13 Oct 2021 13:13:26 GMT

5.9% increase.

Largest cost of living increase in 39 years.

Re: Social security increase for 2022

KingstonsMom — Wed, 13 Oct 2021 13:20:12 GMT

Yay! Every little bit helps!

Re: Social security increase for 2022

QVCkitty1 — Wed, 13 Oct 2021 13:46:13 GMT

I wonder how much Medicare will go up ? 🧐

Re: Social security increase for 2022

feline groovy — Wed, 13 Oct 2021 13:48:09 GMT

Thankful.

By the way, this also applies to SSDI and SSI.

Re: Social security increase for 2022

godi — Wed, 13 Oct 2021 13:55:22 GMT

Yippee 🥳

Re: Social security increase for 2022

rockygems123 — Wed, 13 Oct 2021 13:57:05 GMT

@QVCkitty1 wrote:
I wonder how much Medicare will go up ? 🧐

@QVCkitty1

Exactly.

Re: Social security increase for 2022

RetRN — Wed, 13 Oct 2021 13:59:27 GMT

Probably 5.9%. I really don't know.

Re: Social security increase for 2022

nyc1 — Wed, 13 Oct 2021 14:01:55 GMT

Yes on Medicare... for those who have Medicare, we read that the increase will just about wipe out the increase people are getting for SS. SHAMEFUL.

Re: Social security increase for 2022

RetRN — Wed, 13 Oct 2021 14:12:41 GMT

Well, it sends a pretty clear message telling us what goverment thinks of seniors. Not valued very much. As our leaders get richer we get poorer.

Re: Social security increase for 2022

gidgetgh — Wed, 13 Oct 2021 14:14:02 GMT

I just googled and it said Medicare is expected to increase to $158.50 per month, up from $148.50.

Re: Social security increase for 2022

skatting44 — Wed, 13 Oct 2021 14:22:01 GMT

This just tells me how much inflation is to be expected this yr - it's gonna be 1970's early 1980's all over again

Re: Social security increase for 2022

Snowpuppy — Wed, 13 Oct 2021 14:38:12 GMT

@skatting44 wrote:
This just tells me how much inflation is to be expected this yr - it's gonna be 1970's early 1980's all over again

They use the new "chained CPI" to calculate so true inflation which includes housing, energy and food is staggering.

Re: Social security increase for 2022

SeaMaiden — Wed, 13 Oct 2021 14:43:46 GMT

The cost of Medicare always goes up and eats up any SS increase I get

Re: Social security increase for 2022

Mimi NY — Wed, 13 Oct 2021 14:47:00 GMT

@skatting44 wrote:
This just tells me how much inflation is to be expected this yr - it's gonna be 1970's early 1980's all over again

My thoughts were the same and it really doesn't look good for our future if we are going backward .

KnowMedicare will increase so that is why you won't see much of this increase in your wallet.

Times are not good in so many ways.

Re: Social security increase for 2022

feline groovy — Wed, 13 Oct 2021 15:08:19 GMT

@RetRN @ wrote:
Well, it sends a pretty clear message telling us what goverment thinks of seniors. Not valued very much. As our leaders get richer we get poorer.

It's not just seniors.

It's also anyone 18 or older receiving Social Security Disability Insurance.(SSDI).

They receive an average $1,200/month.

Plus anyone on Supplemental Security Income (SSI): people who are 65 or older, as well as those of any age, including children, who are blind or who have disabilities.

They receive an average $800/month.

Compare that to the average $1,500/month that regular/retire Social Security beneficiaries receive. And numerous seniors have additional sources of monthly income.

Nothing personal, but I get tired of how many seniors - who have the highest average disposable income - are constantly kvetching.

Re: Social security increase for 2022

Lucky Charm — Wed, 13 Oct 2021 15:03:49 GMT

I have a question.

My husband and I aren't at full SS retirement age, but we do get statements (yearly?).

Does that mean the projected amount on the statements will go up 5.9% or you have to be actively collecting social security to see an increase?

Re: Social security increase for 2022

rockygems123 — Wed, 13 Oct 2021 15:18:23 GMT

@gidgetgh wrote:
I just googled and it said Medicare is expected to increase to $158.50 per month, up from $148.50.

@gidgetgh

That's good news!

Re: Social security increase for 2022

Katcat1 — Wed, 13 Oct 2021 15:33:34 GMT

OMG! I will have to contain myself. All I can say is it's about time. thanks for posting.

Re: Social security increase for 2022

BExplorer — Wed, 13 Oct 2021 15:39:32 GMT

@feline groovy Just want to say I absolutely love your tagline!

Re: Social security increase for 2022

feline groovy — Wed, 13 Oct 2021 15:46:56 GMT

@BExplorer : thanks! Yours is great and I'm going to add it to my favorite quotes list.