- Fixing Social Security - 2 Updates
- Social S. in 2020 - 2 Updates
| ggggg9271@gmail.com: Aug 06 01:27AM -0700 > https://www.nbcnews.com/news/us-news/mass-shooting-el-paso-deadliest-2019-among-worst-modern-u-n1039016 Sorry for posting wrong link: https://news.google.com/search?q=fix%20social%20security&hl=en-US&gl=US&ceid=US%3Aen |
| ItsJoan NotJoann <itsjoannotjoann@webtv.net>: Aug 06 09:59AM -0700 > > https://www.nbcnews.com/news/us-news/mass-shooting-el-paso-deadliest-2019-among-worst-modern-u-n1039016 > Sorry for posting wrong link: > https://news.google.com/search?q=fix%20social%20security&hl=en-US&gl=US&ceid=US%3Aen A half dozen or more links to click on. No thanks. |
| ggggg9271@gmail.com: Aug 06 01:33AM -0700 > https://moneyandmarkets.com/6-dreadful-changes-social-security-2020/ https://www.bostonglobe.com/metro/2019/07/20/invisible-more-social-security-will-soon-slide-into-insolvency/QnWdGBcwgj4TMLed0NaVKM/story.html |
| Bob F <bobnospam@gmail.com>: Aug 05 10:01AM -0700 > in 2020 the cost of living increase will be small because of low > inflation. It's been low for years already because of low inflation, > because, well, that's what it's supposed to reflect and offset. The calculated "inflation" does not reflect the increased spending of most retired people. "Social Security recipients are losing ground financially, despite receiving an annual cost-of-living (COLA) increase. On Oct. 11, the Bureau of Labor Statistics will release inflation data that determines how much more Social Security beneficiaries will receive in 2019. That adjustment is pegged, by law, to the cost-of-living increase for households for whom half or more of their income comes from clerical work or hourly wages. It not only excludes households of unemployed, self-employed, part-time, professional and salaried workers, but also — crucially for seniors — households with no one in the labor force, which includes retirees." "Social Security benefits have lost 34 percent of buying power since 2000, according to a study released earlier this year by The Senior Citizens League. And in the past year alone, Social Security recipients fell 4 percent behind the rise in their actual cost of living, according to Johnson. "The loss occurred even though beneficiaries received a 2-percent annual cost-of-living adjustment (COLA) for 2018," she explained. The main culprit? Medical expenses. More than half of the 1,057 respondents who participated in the annual Senior Citizens League study reported that "their monthly expenses went up by more than $79. Yet 50 percent of survey respondents said that their COLA increased their benefits less than $5 per month, after the increased [Medicare] Part B premium for 2018 was deducted from their Social Security benefits," the study said." https://www.pbs.org/newshour/economy/making-sense/why-social-securitys-annual-increase-doesnt-actually-keep-up-with-cost-of-living |
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