Social Security Cost-of-Living Adjustment

[sergio]

well, that's a shitty excuse for a COLA ;/

Also they will INCREASE Part B by $10 so deduct that if you pay Part B. Most in the US do so their increase will be truly insignificant.

 

[A Antares]

A. Antares, I don't like to see fake news start appearing here on this forum. CPI-W is used by law, since 1975. It's not something the Biden administration invented to reduce the COLA, as you state in your post. By the way, COLA has been much lower during Trump's presidency than in the years after. And just as Biden, Trump has nothing to do with the determination of COLA.

What you are not aware desde_Holanda is that the "basket of items" used to calculate consumer inflation within the CPI-W was not the same in 2024 as it was in 1980. As I correctly mentioned, food and fuel costs are now excluded. This deceitful manipulation by the Biden/Harris regime negatively impacts retired American expatriates here in Argentina who depend on social security to get by.

 

[NoSoyDeAqui]

CPI-W does include food...

nonetheless, what I am more worried about is the ssec cut coming in the next 5-10yrs...

 

[retiredbanker]

CPI-W does include food...

nonetheless, what I am more worried about is the ssec cut coming in the next 5-10yrs...

There is one thing with SS you needn't worry about. It'll NOT be cut despite newspaper hype for, by doing so, would be political suicide, 100%. Seniors comprise a huge voting block.

There are a number of ways to fix it without cuts.

 

[NoSoyDeAqui]

There is one thing with SS you needn't worry about. It'll NOT be cut despite newspaper hype for, by doing so, would be political suicide, 100%. Seniors comprise a huge voting block.

There are a number of ways to fix it without cuts.

sure there are ways....none includes a 10% COLA adjustment....actually, lower than CPI-W are commonly mentioned...

 

[Redpossum]

sure there are ways....none includes a 10% COLA adjustment....actually, lower than CPI-W are commonly mentioned...

This "no hay plata" argument is total steer manure.
Billions for Israel, billions for Ukraine, but there's no money for the American people?
No, I won't accept that argument. Zero, Augie, no.

Ronald Reagan (who I voted for twice, God forgive me), robbed nearly a trillion USD from the Social Security trust fund, promising that the federal government would make good on it. A trillion in 1980's dollars, with 45 years of interest, is a tidy sum. Now the feds are like "uhh, sorry guys, there's no money..."

That dog won't hunt.

 

[sergio]

CPI-W does include food...

nonetheless, what I am more worried about is the ssec cut coming in the next 5-10yrs...

Unlikely. There would be a massive rebellion. Instead 'cuts' are more likely to occur by failing to increase payments at the real inflation rate.

 

[sergio]

This "no hay plata" argument is total steer manure.
Billions for Israel, billions for Ukraine, but there's no money for the American people?
No, I won't accept that argument. Zero, Augie, no.

Ronald Reagan (who I voted for twice, God forgive me), robbed nearly a trillion USD from the Social Security trust fund, promising that the federal government would make good on it. A trillion in 1980's dollars, with 45 years of interest, is a tidy sum. Now the feds are like "uhh, sorry guys, there's no money..."

That dog won't hunt.

According to the US State Department, the US is paying Ukranian pensions! Yes, actually paying for Ukranian pensions while giving Americans 2.5% increases and increasing part B deductions.

 

[A Antares]

There is one thing with SS you needn't worry about. It'll NOT be cut despite newspaper hype for, by doing so, would be political suicide, 100%. Seniors comprise a huge voting block.

There are a number of ways to fix it without cuts.

NoSoyDeAqui is correct. What I should have written is that 'they' pick and choose those items, from every category in the basket, to present as low of an inflation profile as possible.

 

[retiredbanker]

Don't forget the billions spent on illegals infesting the US.