Social Security Announces 8.7% increase for 2023 - Largest Increase in 40 years

Election ploy

[link to www.cnbc.com (secure)]

About half of actual inflation, more seniors are going to working fast food to try to make ends meet.

cheaper than more welfare

$603 increase here across the board a month @8.7%.

Better than nothing I guess.

That is quite a social security check…. Mine is only going up $210.

You must be counting you and your wife
The maximum benefit depends on the age you retire. For example, if you retire at full retirement age in 2022, your maximum benefit would be $3,345. However, if you retire at age 62 in 2022, your maximum benefit would be $2,364. If you retire at age 70 in 2022, your maximum benefit would be $4,194.
$4,194 X 8.7% = $364.87

SS is the biggest scam known to man.

Rob the working to award the olds for staying alive and being financially irresponsible their entire life, dragging future generations further down into poverty.

Lather, rinse, repeat.

How to keep a population broke 101

While prices double

Actually SS is cheaper in many respects than a prison inmate.

I bet they raises the cost of Medicare. One hand giveth and the other takes it away.

How can I get on the Ukraine plan?

Watch the increase get absorbed by the medicare insurance premium in other words, no cost of living increase.

Protesting the government could take all that away, shoon.

bolded tells us you are immature and full of new-speak.


guess that's another way to say Leftist

Here in NM, kids choose no to work, grandparents raising them and are the ones filling fast food jobs!

I paid into the system for 48 years….

Using your logic I was robbed for almost 5 decades.

Now you call me irresponsible for expecting some of that money back?

GFY…

Actually, the Medicare premium is dropping next year about 10 bucks.

Not possible. A $603 increase at 8.7% means you're now getting $6,931 in Social Security.

[link to faq.ssa.gov (secure)]


The average check is well under $2,000
[link to www.cbsnews.com (secure)]

Across the board buddy. COLA does NOT apply only to social security.

[link to rexresearch.com]

all planned,

Link is to "The Occult Technology of Power"

No, actually, it's a matter of law. Every year the consumer price index for the third quarter is reviewed to determine what the COLA for the succeeding year will be. This is the highest increase in decades because inflation has driven up costs.

BS, need more than that Fuck Joe Biden and the Democrat's !

Wish I got an 8.7% raise...especially considering how much more now I'll be paying into social security that I'll never see.

At some point, it stops making sense to work. The wageslave-neetbux balance point is shifting rapidly.

Highest increase in decades because inflation is at its highest increase in decades.

Your dem leanings are too apparent here. Sugar coating for political purposes is ridiculous.

Yep, pretty nice. We got $724 across the board here.

Both U.S. Army Retired SSG's with 70% VA Comp and Both Adult kiddos get SSI for Autism.

C.O.L.A. is helping some, but it would be better if inflation would just go back down.

SS tax is paid off the top of earnings. I have paid 250k dollars into the system over a 40 year work period. If they had not robbed the fund to pay for lazy young “disabled “ drug and alcohol abusers and anyone else who can show up in court for the next hearing (2-5 years), it might have worked. S s fund also pays for the doctors and lawyers fees (hundreds of millions of dollars over the years). I get 1200 a month.

True

Sure it is, look at a possible scenario:

Husband is retired Army with 70% VA Comp: $3,300

Wife is retired Army with VA Comp: $3,300

Both Adult Children recieve SSI: $841

$8,282 x 8.7% C.O.L.A. = $720

How are you managing to get SSI..with that retirement you've got to be and have been doing ok ..you've got to have more than 3 grand in assets..or one heck of a way of hiding your cash...

We got "approved" for SSI for my son but were told because we own 3 cars and had more than 3000 in bank we (he ) was ineligible.