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Old 10-29-2013, 07:02 AM
 
16,433 posts, read 22,154,382 times
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Quote:
Originally Posted by Ghostly1 View Post
Once again, back on track, while a little less COLA won't hurt us appreciably, and we're by no means wealthy, I know it could and would have a larger, negative impact on others and am sensitive to that. There's nothing "cute" about it.
I predict that the incessant downward pressure on wages and benefits throughout society will have a restraining effect on the rise in cost of living. It could turn out that the chained CPI will not hurt us as badly as we imagine.
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Old 10-29-2013, 07:12 AM
 
Location: Wherever I happen to be at the moment
1,228 posts, read 1,366,081 times
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Quote:
Originally Posted by Bideshi View Post
I predict that the incessant downward pressure on wages and benefits throughout society will have a restraining effect on the rise in cost of living. It could turn out that the chained CPI will not hurt us as badly as we imagine.
That would be nice. But to some extent it's the principle of the thing in terms of it being a first element to start chipping away at seniors' benefits.
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Old 10-29-2013, 07:44 AM
 
Location: Sacramento
14,044 posts, read 27,165,238 times
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Quote:
Originally Posted by Ghostly1 View Post
That would be nice. But to some extent it's the principle of the thing in terms of it being a first element to start chipping away at seniors' benefits.
I have little doubt chained CPI is going to be a reality for cost of living increases within the next few years. Also, I expect means testing to become part of the formula too, especially for those not yet receiving benefits. So I think that there will be some chipping away at senior benefits, just like the benefits of many others have been eroded over the past decade.
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Old 10-29-2013, 08:21 AM
 
31,680 posts, read 40,970,152 times
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Quote:
Originally Posted by NewToCA View Post
I have little doubt chained CPI is going to be a reality for cost of living increases within the next few years. Also, I expect means testing to become part of the formula too, especially for those not yet receiving benefits. So I think that there will be some chipping away at senior benefits, just like the benefits of many others have been eroded over the past decade.
Greetings, I have been wondering how you have been doing.
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Old 10-29-2013, 08:24 AM
 
Location: in the miseries
3,576 posts, read 4,497,795 times
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Quote:
Originally Posted by NewToCA View Post
I have little doubt chained CPI is going to be a reality for cost of living increases within the next few years. Also, I expect means testing to become part of the formula too, especially for those not yet receiving benefits. So I think that there will be some chipping away at senior benefits, just like the benefits of many others have been eroded over the past decade.
the problem as I see it is by what means are they going to test us?
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Old 10-29-2013, 08:24 AM
 
Location: Wherever I happen to be at the moment
1,228 posts, read 1,366,081 times
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Quote:
Originally Posted by NewToCA View Post
I have little doubt chained CPI is going to be a reality for cost of living increases within the next few years. Also, I expect means testing to become part of the formula too, especially for those not yet receiving benefits. So I think that there will be some chipping away at senior benefits, just like the benefits of many others have been eroded over the past decade.
Alas, I fear thou dost speaketh truth!

If I had more faith in the gubmint I'd think they would take into consideration the facts that we paid into SS most of our lives and the time we have left is shorter. Ergo, less recovery time. But I'm, under no such misapprehension.
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Old 10-29-2013, 09:13 AM
 
Location: Sacramento
14,044 posts, read 27,165,238 times
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Originally Posted by TuborgP View Post
Greetings, I have been wondering how you have been doing.
Hi, just needed a little break from the forums, some stuff seemed like the movie Groundhog Day. I like this forum however, so I'll post more again.

As far as the means test comment, I'm afraid good savers will pay a price.

I have two kids doing rather well financially, but one is a good saver and the other isn't. I suspect my "good saver" kid will eventually pay a heavy price for his being conscientious.
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Old 10-29-2013, 09:24 AM
 
31,680 posts, read 40,970,152 times
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Quote:
Originally Posted by NewToCA View Post
Hi, just needed a little break from the forums, some stuff seemed like the movie Groundhog Day. I like this forum however, so I'll post more again.

As far as the means test comment, I'm afraid good savers will pay a price.

I have two kids doing rather well financially, but one is a good saver and the other isn't. I suspect my "good saver" kid will eventually pay a heavy price for his being conscientious.
Gotta laugh about the Ground Hog day. I remember back in the day and how some things have changed in here and some haven't. Your post of good savers paying a price reminds me of keep your hand out of my pocket.
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Old 10-30-2013, 08:48 AM
 
Location: High Cotton
6,125 posts, read 7,460,144 times
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Social Security Benefits Up Just 1.5% in 2014

NEW YORK (CNNMoney)
Social Security benefits will rise only 1.5% next year, one of the smallest increase ever in the program's annual cost-of-living adjustment.
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Old 10-30-2013, 08:50 AM
 
Location: Central Maine
4,697 posts, read 6,434,647 times
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To put a positive spin on it ... something's better than nothing!

And if the chained CPI goes through, we'll be looking back on 1.5% as the good ol' days.
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