Inflation in the Biden economy is continuing to run hot, with the newly released CPI (Consumer Price Index) for September showing another 5.4 percent year over year increase.
There may be a silver lining however, at least for those individuals receiving Social Security Benefits.
As CNBC reports:
The Social Security cost-of-living adjustment will be 5.9% in 2022, the Social Security Administration announced on Wednesday.
The 5.9% COLA will be the biggest boost to Social Security beneficiaries’ checks in about 40 years.
In 2021, the Social Security COLA was 1.3%.Social Security beneficiaries will see the increases in the monthly checks starting in January. The estimated average monthly benefit for all retired workers will rise to $1,657, up from $1,565.
The 5.9 percent increase will be the biggest increase in 40 years.
Thank You Brandon!
But I’m still voting for Trump 🙂
Hell yeah
Me too!
Mr too!
Too bad the damned democrats will steal the election AGAIN!
I’d rather have secure borders, more police enforcement, cheaper gas, no mandates, and respect from our allies and the world.
DITTO….RICK!!!!!
COPY THAT !!
This does not matter one bit. After raising social security, MEDICARE will raise also taking back all you gained in social security paymetns.
True, and it makes me want to throw up with disappointment!
Total bullshit lol
now all we social security recipients have to do is stop the foreign aid raid on the bank..So, do not count on any money until congress gets their act together and starts supporting this country…
With a 5.9% increase and the inflation rate at 7+ % we are still losing. Thanks Joe.
JOE GOTTA GO!
That will make SS run out that much faster. I want all the money I paid in to this sham since I won’t get any benefits out of it because politicians spent it all.
Just remember that those on SS will also probably see their Medicare go up!! They will get the 5.6, but the net gain will almost wipe it out!
watch for Medicare to wipe much of it out…….gotta pay for the healthcare for all those Illegal’s
Screw Biden
They must really think we are STUPID: https://selfreliancecentral.com/2021/10/06/social-security-announces-awful-news-soros-shills-spin-it/
Do the math.
2021 COL = 1.3%
Magnanimously giving us 5.9%
Declaring they MUST have PERMANENT 4.6% increase
5.9% – 4.6% = 1.3%
Call me Late for Dinner, Ugly…but never STUPID!!!
Lets go Brandon !
The problem is this adjustment trails inflation so while it definitely helps one never catches up.
It really isn’t a windfall until after we get rid of Biden and inflation drops. As it is, this increase will be offset by the cost of everything going up.
something don’t seem right.I have not had a raise, for two years.
The Democraps: Schmuck in Chief senile Joe Biden, crazy Pelosi, wimpy Schumer, cackling useless Kamala, and all the incompetent cabinet members need to be fired!
Let’s go Brandon!
It will be interesting to see how much will be deducted for medicare premium.
I love the way the headline states, ” Social Security Announces Plan to Raise Benefits by 5.9%…” It makes it sounds as if Social Security through it’s benevolent heart is giving us this raise. It does not mention that it’s because of the CPI increase from last year and due to the law not due to social security’s kindness. What a bunch of bullshi*. Trying to make it look as if it’s the administration doing this. This amount is not even close to what we are paying for goods at this time and all due to the ineptness of this idiot in the wh. LET’S GO BRANDON.”