Community Chat

[hckynutjohn]

@JamandBread 

Uh Huh! And bears don't poo in the woods!

hckynut  🇺🇸

[Sooner]

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@SharkE wrote:

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!!!  )

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@SharkE Medicare will be thrilled to get the 9.5 or 8.2 raise won't they?

[JamandBread]

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@ThinkingOutLoud wrote:

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@JamandBread wrote:

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@vsm wrote:

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@LuvSoCal wrote:

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@vsm wrote:

More spending means more inflation.  That's not politics -- it's economics 101.

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But @vsm I think many of the recipients will be spending their COLAs on necessities and not frivolous purchases.

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Unfortunately, the purpose of the spending doesn't matter to the inflationary spiral. Spending is spending, and it juices up inflation to the point that only a recession will reduce it.  Recession will in turn make necessities even harder to come by.

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Actually, the increase is not intended to provide MORE buying power. It is intended to keep pace with current prices. With that said, spending will not increase, so no inflationary impact. The covid stimulus checks to everyone is an example of EXTRA money which has an inflationary impact.

Inflation is world wide and has been ratcheted up by the pandemic and supply chain disruptions. It will take all the countries who drive the global economy to solve the price hikes caused by the pandemic. 

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There's a big piece of the puzzle missing here.

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I think people want to forget we were ever in a pandemic. I'd like to forget it too 😉

[JamandBread]

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@gertrudecloset wrote:

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@JamandBread wrote:

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@vsm wrote:

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@LuvSoCal wrote:

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@vsm wrote:

More spending means more inflation.  That's not politics -- it's economics 101.

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But @vsm I think many of the recipients will be spending their COLAs on necessities and not frivolous purchases.

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Unfortunately, the purpose of the spending doesn't matter to the inflationary spiral. Spending is spending, and it juices up inflation to the point that only a recession will reduce it.  Recession will in turn make necessities even harder to come by.

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Actually, the increase is not intended to provide MORE buying power. It is intended to keep pace with current prices. With that said, spending will not increase, so no inflationary impact. The covid stimulus checks to everyone is an example of EXTRA money which has an inflationary impact.

Inflation is world wide and has been ratcheted up by the pandemic and supply chain disruptions. It will take all the countries who drive the global economy to solve the price hikes caused by the pandemic. 

Thank yer.  These economic indicators have nothing to do with the population at large.  Only those who receive SSA benefits.  Prices don't rise and fall because of any raises we get.  Thank you @JamandBread 

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Exactly! Anytime @gertrudecloset 

Hope you are doing well!

[proudlyfromNJ]

Just post what you want to say and stop beating around the bush and being cryptic. Everyone.

[spiderw]

Anything that helps those who depend on SS to live on or supplement is positive.  I do not see anything wrong with this plan.  I am grateful for my SS which I paid into and thankful I did.

[JamandBread]

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@proudlyfromNJ wrote:

Just post what you want to say and stop beating around the bush and being cryptic. Everyone.

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I must have missed the cryptic posts.....

[gertrudecloset]

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@hckynutjohn wrote:

@JamandBread 

Uh Huh! And bears don't poo in the woods!

hckynut  🇺🇸

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And Covid was a figment of our imagination huh @hckynutjohn ?  That's what caused the over pricing.  Supplies were limited, thus the price increases.  Thing is, nobody told the greedy corporations that the supply chain is getting a little bit better.

[ALRATIBA]

I'm looking at various sources re projected increase ...and all I see are "news" organizations.   How reliable are they?

I'm not dependent on SS - I have a pension and annuity.  I paid into Social Security for almost 50 years ... and retired at 68. 

I'll be perfectly satisfied with any increase.

[JamandBread]

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@gertrudecloset wrote:

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@hckynutjohn wrote:

@JamandBread 

Uh Huh! And bears don't poo in the woods!

hckynut  🇺🇸

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And Covid was a figment of our imagination huh @hckynutjohn ?  That's what caused the over pricing.  Supplies were limited, thus the price increases.  Thing is, nobody told the greedy corporations that the supply chain is getting a little bit better.

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Supplies were limited because the people who make the supplies got sick and died. 6.4 million have died worldwide with US accounting for over a million deaths.

It doesn't take a rocket scientist to figure out how that could impact the entire global economy.

Of course it helps to understand a little math and to be able to calculate percentages, which is a skill some have admitted they don't posses and evidently are not willing to learn at this late stage of life.