The roughly 65 million retirees who collect Social Security benefits in the US will get a 8.7% increase next year, the largest bump since 1981, to compensate for the highest inflation bout in decades
Problem is the inflation numbers are made up. It's a lot more. Next month well over 9% and climbing. They just needed to hold the appearance down until the COLA decision was made.
Think of it a different way. Since the forced Covid "depopulation vax"... maybe the projected 2023 # of recipients of SS will decrease by 8.7%.
It's easy to increase the payout... if the # of people receiving it decreases. Plandemic?
It started in nursing homes.
I heard on a podcast (I think Greg Hunter USA Watchdog) that the gasoline prices were lowered by using our reserves to keep the COLA lower since the fiscal year for government closes at the end of Sept. Notice that since the end of Sept, the gas prices are creeping up.
Here's the sauce John Williams https://rumble.com/v1nksj6-inflation-75-year-high-unemployment-24-john-williams.html start 14:00 min This is a good interview (about 42 min)
By the time they are done they'll leave nothing for following generations to collect.
Following generations must first pay into it as has been done all along. If they do not pay in they will get nothing out, correct.
I've paid into it since I was a teenager. If the older generations drain it before I or my kids are old enough to collect, we are shit out of luck. Due to "inflation" they are pulling out more than they put in. Of course if people keep dying from the clot shot, maybe that will solve the problem, maybe the gov is counting on it.
That's a false paradigm, government is stealing it and always has, but it isn't older generations doing the stealing it IS government.
Older generations are simply drawing a portion of what they paid in, and we will never get back what we DID faithfully contribute, let alone the 2 % or whatever the interest was 'sposed to be.
When my Father passed away about 25 years ago he had been taking his SS for maybe 10 years, after paying into it since it's inception in 1935. I used to tell myself that I was ok with paying into it, even tho I myself didn't expect to ever collect it, because he did collect some. 30 years ago and more government and media and talking heads all agreed it was fixing to run pout of money because government steals it, and there would ne nothing for us.
But I was ok paying in because my Dad got some, even if the double damned corrupt government DID steal 'his' monies they replaced it with mine.
That's the model these days - my monies were spent by a thieving government but the monies others pay in pays me. And I ;pay myself too - even tho I am retired and drawing the money I still work and pay into the fund too.
It is not us older folks draining it, it is corrupt government stealing it.
I'm not saying the people themselves are responsible. Obviously. It's the damn government and this SS scam to begin with that is due to implode on itself because it was a bad idea to begin with. I never wanted to pay into it. I wanted to have the freedom to invest in my own retirement under my own terms. Fuck this socialist program. Anyone who still supports it supports allowing the gov to rob a future generation, because sooner or later, your kids, or grandkids, will be left holding the bag.
It is not a scam, the scammers are the politicians who illegally grift from the monies.
Prosecute them and it stops.
You do have the freedom to invest as you wish, same as I did. I set up a couple 401s, broke into the first one when a kid got kidnapped and broke into the second one to finance a business, and still paid every dime demanded into SS.
You're letting your fee-fees talk for you, accusing good people of 'allowing government to rob future'...
It isn't socialist, it is investing, and like all investments managed by humans it is susceptible to corruptions by humans. Socialists don't invest in anything, they just take with no promise or guarantee or Law supporting the investment.
Raise your sights - if you wish to put money in a 401 or silver nothing is stopping you. I did, and I did it under harsh conditions too. SS works for me because I participate in it correctly, it was always meant to be complimentary to 'your' savings plan. The monies honest taxpayers receive from it is their (our) money.
Be sure you demand yours when you may- it is yours.
One that I'm forced to participate in. I demanded for years to be excluded because I want to put all of my income into my own savings and investments. almost half what they take from me goes to SS and I'm being forced to put my money in an investment I want nothing to do with for the "good of society", that is a SOCIALIST program.
Still no, same as paying taxes to fund cops is not socialism or paying taxes to fund defense is not socialism. It is a contract with Society.
You can vote it gone if you like, or arrange your finances so that you don't pay, I did that for a while myself. You cannot vote socialisms gone, they don't exist as contracts, only as grift.
But, Medicare rate is raising again…
Incorrect, the medicare rate is decreasing 6%, adding even more to SS pay for those on medicare.
Actually you are right, I stand corrected. Had read previously what I thought said was to be an increase.
You have to check to see if there are any changes to co-pays, coinsurance and deductibles. It looks great to say 'look, premiums decreased!' when it may just be a slight of hand. Premiums are just one aspect of the policy.
Good overview:
https://www.forbes.com/sites/bobcarlson/2022/10/11/medicare-premiums-drop-in-2023-but-thats-not-the-full-story/?sh=643f841341c4
For most of us that aren't rich (over $500,000 A YEAR), our medicare advantage (part b) premiums are going down. I guess if you are making that much a year, I don't care how much more you will pay and you probably don't either. The article says nothing about co-pays, deductibles only the cost of some drugs being reclassified. You have to be enrolled in a part B (medicare advantage) plan or you will pay higher premiums later when you need the extra benefits they offer. The medicare premiums and the Part B premiums are going down for nearly everyone that is not already pretty loaded.