Social Security Beneficiaries in U.S. to Receive 1.7% Increase

[Purveyor]

Source: Bloomberg

More than 56 million Social Security beneficiaries will receive a 1.7 percent cost-of-living adjustment for 2013, the U.S. government said today.

The increase, which will begin in January, will be less than half the size of the 3.6 percent increase recipients received this year. Benefits are automatically adjusted each year for inflation so that recipients don’t fall behind as prices rise.


Read more: http://www.bloomberg.com/news/2012-10-16/social-security-beneficiaries-in-u-s-to-receive-1-7-increase.html

[JDPriestly]

1. Is it time to raise the minimum wage also?

[krawhitham]

2. Good luck getting that through the House

in 2007 the vote to raise it pay $2.10 over 2 years

http://en.wikipedia.org/wiki/Fair_Minimum_Wage_Act_of_2007

[onehandle]

3. Socialism! nt

[greiner3]

4. Meh;

However, I DO HAVE USES for my 'measly' $30!

[OKNancy]

6. kick

[alfredo]

7. Is there still a hold on VA COLA's? Some anonymous Republican has put a hold on them.

[llmart]

8. Yee haw.......

I think I'll go out and place my order for that Lexus today!

psssttt......please don't tell anyone that I'm in that 47% that lives off the dole

[madokie]

9. Because of this news

rMoney will say that Obama is trying to buy votes

[OnlinePoker]

10. Just looked at last years announcement

They announced the 2012 COLA on 19 Oct 2011 which was the 3rd wednesday in October. Todays announcement is the 3rd tuesday of October so they're being consistent. I'm not going to bother looking further back because I'm sure it's the same. You know Romney's going to spout off about this at some point so if it happens during the debate I hope the President has the rebuttal info at hand to slap him down with it.

[vduhr]

11. 1.7% ain't exactly a raise.

That's an average of $21 a month.

[840high]

13. Peanuts.

[Citizen Worker]

12. Don't spend it all in one place.

[HeiressofBickworth]

14. Any bets

the Medicare premium goes up about the same amount?

[Purveyor]

15. Medicare Part B premiums are expected to rise by about $7 per month for 2013...

Medicare Part B premiums, which cover doctor visits, are expected to rise by about $7 per month for 2013, according to government projections. Since the premiums are deducted from Social Security payments, that would eat up more than a third of the average COLA.

The Part B premium is currently $99.90 a month for most seniors. Medicare is expected to announce the premium for 2013 in the coming weeks.

MORE...

http://abcnews.go.com/Politics/wireStory/social-security-announces-benefit-increase-tuesday-17487274

POSTER COMMENT: Make sure you watch the GD forum for the official announcement. The PTB in the LBN forum didn't consider this morning announcement worthy of LBN and pulled it from the sidebar.

[sunnystarr]

16. They just raised my Medicare Supplemental by $50/month. (nt)

[elbloggoZY27]

17. What An Insult

1.7% SSA increase. What an insult to the recipients and a stab in the back.

The SSA workforce has been scammed worse by having their salaries frozen on a phony pretext of patriotism.

We Vets and Federal Employees have been sold out.

We who fought want our dignity and lost funds reinstated now.

Let the GOP take a freeze.