Community Chat

[SharkE]

I've read in view of high cost of living, inflation, etc. we could get

10.4%, some say for sure 8.50% in Jan. 2023.

(no politics, PLEASE!!!  )

[Q4u]

Every time there's a cost of living increase, Medicare goes up accordingly....!  

[SharkE]

sure, and the Medicare annual deductible, Medicare premium, supplement too

[Kachina624]

That means the fund can go dry faster.

[PA Mom-mom]

@SharkE  We'll take it; but with heating oil through the roof, and our grocery prices increasing on a weekly basis, I can't get too excited. DH decided not retire, and I'm sorry I retired. I'm now looking for a flexible part time job that will still allow me to travel to sit for my grandchildren when I'm needed.

[SharkE]

I figure anything is better then just sitting still and still paying weekly increase, gas, groceries, price of goods, etc.

[SharkE]

They usually announce percentage of increase in Oct. Be in checks by Jan of 2023.  I went online and was curious. LOL

[JamandBread]

Get it while you can. The whole program may be on the chopping block every 5 years.
I'm working until 70, so I'm not expecting much.

[Johnnyeager]

Raise the Maximum Taxable Income Limit faster each year ( currently $147,0000) or eliminate the cap completely. 

Not popular, but a "fix".

[SharkE]

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@JamandBread wrote:
Get it while you can. The whole program may be on the chopping block every 5 years.
I'm working until 70, so I'm not expecting much.

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My husband worked till 70 , last few yrs. he just worked relief for folks on vacation, maternity leave, etc.  Glad he did , makes a difference in your check. He died last yr. but, I get his benefit.