Community Chat

[skatting44]

 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

[Snowpuppy]

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@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

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

[SeaMaiden]

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

[Mimi NY]

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@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

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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.

[feline groovy]

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@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. 

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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.

[Lucky Charm]

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?

[rockygems123]

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@gidgetgh wrote:

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

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@gidgetgh 

That's good news!

[Katcat1]

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

[BExplorer]

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

[feline groovy]

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