Social Security raise

[SlowMover]

I got my new statement from Social Security, and my cost of living raise for 2015 is...drum-roll.....$36 a month. Wow, am I going to be able to live high on the hog next year!. That is, if you discount the fact that my share of our health insurance went up nearly $300 a month, hamburger meat is closing in on $5 a pound, utilities are going up 6%, and so on. I sure am glad the government is looking out for me with these annual cost of living adjustments.

[joepaulbutler]

Re: Social Security raise

But, are not our cost of living raises based on the Consumer Price Indexes, Cost of Living Index, ya sure, who doing the compiling, someone who is using the new math method . . .JoeB

[Dicky]

Re: Social Security raise

We get the same crap up here in Canada. I would like to see what is in their shopping basket. It can't be food, electricity, fuel, or any other essential need.

[DiLeon]

Re: Social Security raise

Yea it is really sad....pretty soon, electric is going to be unaffordable here in the islands, and I am going have to do the caveman thing. Food is double what it is the mainland.... It hurts big time.

[decoysales]

Re: Social Security raise

That is what you call the benefits of getting older . But government workers get raises in the thousands and they complain that they are having a hard time living on a 150,000 a year check . Politics for you . Wish we had that problem .

[Johnniez]

Re: Social Security raise

I get what your sayin pal

Up here in Canada our Canada Pension .. CPP.. Raises I have got every January has been from .50 cents,, yes thats right .50 cent raise up to 12 bux.. Thats the most I ever got..

What a joke.. Our natural gas went up 40% so there goes my raise..> Every thing else just puts me below the 'dirt'.. lol Oh well it tis what it tis..

[Soggy]

Re: Social Security raise

I agree with what most of you are saying...........but just think how would you be getting along if you had nothing coming in like some of the less fortunate countries in this old world. Sure I would love to be getting more than is being provided, but with careful planning and living a modest lifestyle we are able to live comfortably and right now that's all that I need.
I was going to say ..." I buy all my luxuries with my carving money; but I guess that would be stretching it.......

[jimp]

Re: Social Security raise

Although I understand what you are saying, I get Social Security also, another major employer in our area is closing up shop. There are many families right here that are losing their income. Some families have both parents working there and BOOM, it is gone. Many have decades working there. Sure, there is unemployment insurance for a while, but that is not going to be the same as a regular paycheck.
I have a lot of friends who are still working and they haven't gotten any raises at all in years, not just COLA but any raise at all.
Sure, I would like to get more of a COLA in my monthly check, but I can't really complain about what I've got.

[Joggernot]

Re: Social Security raise

I got the $35 raise also. That's at least three visits to Whataburger this coming year! Woo hoo!

[tbox61]

Re: Social Security raise

I am hoping SS is still around 14 years from now when I consider retiring. Right now, full retirement age for me is 67, but I have a sneaking suspicion that it will inch higher as more of the baby boomers reach that age.

I have been fortunate enough early on to understand that SS might not be around so I have been saving so it is not my sole source of retirement income.

When you see what the US government spends money on foolishly and what is wasted by fraud, the pittance they dole out in COLA adjustments are a joke.

[Hi_Ho_Sliver]

Re: Social Security raise

Hey, don't complain...$36.00 ? My wife and I each got a whopping 10.00 bucks each!

[TreeWizard]

Re: Social Security raise

I read somewhere that as of 1-1-2015 all baby boomers will be at least 60 years old.

[DiLeon]

Re: Social Security raise

All my money is going to future of, off the grid, ...homestead living .... I can not believe the system will support me in the future...so I have to do it myself like everyone else does in the world.

[Nancy-G]

Re: Social Security raise

I got my SS notice today ..... Mine is going up $10 each month. Thank God I don't depend on that alone.

[Neil A. Ward]

Re: Social Security raise

This is a link to the new estimation system for the Consumer Price Index:

Consumer Price Index (CPI)

Neil