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At any rate the law isn't going to be changed in the next two weeks. The 2012 COLA will be determined October 19. Absent some extreme abnormality with the September inflation data, the raise will be in the 3.3-3.7 percent range.
Any idea how much of that will disappear as a result of increases in Medicare payments? Robyn
The COLA is not based on whether people are spending less, cutting down, eating out less or not buying at Costco and Walmart. It is a measure of selected market costs, not if people are willing or not willing to pay those costs...
Livecontent
Not only that - but many things based on CPI can wind up with different numbers - depending on the computational method used. For example - I own some IBonds. And the current interest on those is about 8% - because they only look at the last 6 months of CPI data (and I also get a fixed coupon of 3-3.5%). Robyn
Social Security recipients will get a raise in January - their first increase in benefits since 2009. It's expected to be about 3.5 percent.
Some 55 million beneficiaries will find out for sure Wednesday when a government inflation measure that determines the annual cost-of-living adjustment is released.
Me and my wife are a young disabled couple and this COLA not going up has hurt us it has gotten to were we can barely pay for our rent and co pay on meds and if were lucky we have around 100 bucks a mouth for food basically so she can eat the meals she needs other then her having seziers i have cut down to 1 bowl of cearl a day and if im lucky a small amount of veggies FOOD goes up every year they dont take that in account Electric and Gas gose up every year oh and RENT Gose up every year HOWEVER no one says anything here about the scum in DC giving them self's pay raises even that small increase wont matter with crap as it stands with current prices and yes even with the 70 dollers a month in food stamps were still almost starving.
The Big problem with the Debt is those Politicians should cut there pay checks because they have other sources of income such as bribes and privet businesses that could help decrease the debt but 300 billion at least but only 1 politicians ever agreed to have his pay cut to 1 dollar a week and that was the Mayor of LA back in 1993.
Now try to say im full of it and you can check the facts you people who are not disabled and work know living on 900 a mouth is not even possible.
im starting a pittiion at change.org to get this issuie delt with anyone who wish to sign it feel free to
The COLA apparently has no correlation with "real" inflation but in today's economic times, we'll take what we get and be satisfied with it. After all, as was said once long ago (first recorded in 1546), "Half a loaf is better than none."
I really do hope there is a Soc. Sec. COLA for 2012. If there is one, then we won't have to listen to the moaning, groaning, and bellyaching that we have during years when there isn't one. Some people seem to think the COLA is their due in order to keep ahead, and that lack of one means they are falling behind. But actually the whole idea behind the existence of COLA's is to keep people even - neither ahead nor behind. In practice this works out imperfectly in both directions, as it is widely acknowledged that the 2009 COLA (the most recent one for Soc. Sec.) was "too high".
Well, on second thought, nothing will keep some people from moaning, groaning, and bellyaching. They will just say that the 2012 COLA (assuming there is one) is too little (regardless of how much it turns out to be) to "make up" for not having a COLA at all two years running. Mark my words.
Boy, talk about moaning, groaning and bellyaching, have you listened to yourself lately? I think your first sentence of the second paragraph is a good description of yourself.
Boy, talk about moaning, groaning and bellyaching, have you listened to yourself lately? I think your first sentence of the second paragraph is a good description of yourself.
Congratulations on your first ever post on City-Data, and what brilliance it displays! We will look forward to wonderful things from you in the future.
By the way, one of the rules here is to stay on topic. My post, which you are welcome to dislike, had substantive things to say about Social Security COLA's (namely about the purpose of the COLA's and whether that purpose is achieved), whereas your personal attack does not. Do you have anything to say about the thread topic? If so, please let us hear it.
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