HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » People » Seniors (Group) » Social Security cost-of-l...

Thu Oct 11, 2018, 01:56 PM

Social Security cost-of-living adjustment will raise benefits 2.8% in 2019

Social Security cost-of-living adjustment will raise benefits 2.8% in 2019

... this is the highest annual raise that beneficiaries have received in seven years. It amounts to $39 a month for the average retired worker, according to estimates released Thursday by the Social Security Administration.

According to a report from The Senior Citizens League, the purchasing power of Social Security dollars has declined by an almost jaw-dropping 34 percent since 2000. Put another way, what $100 worth of Social Security benefits could buy 18 years ago can now only buy $66 worth of those same goods. Inflation (i.e., the rising price of goods and services) has eaten the rest.

In other words, seniors should definitely relish the fact that they're on track to receive their biggest COLA since 2012, but they're not going to gain any ground they've lost due to inflation since 2000.

https://www.usatoday.com/story/money/personalfinance/retirement/2018/10/11/cola-social-security-benefits-estimate-2019/38121347/

9 replies, 350 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 9 replies Author Time Post
Reply Social Security cost-of-living adjustment will raise benefits 2.8% in 2019 (Original post)
left-of-center2012 Oct 11 OP
TreasonousBastard Oct 11 #1
Hoyt Oct 11 #3
question everything Oct 11 #9
saidsimplesimon Oct 11 #2
redstatebluegirl Oct 11 #4
mitch96 Oct 11 #5
Wounded Bear Oct 11 #6
ThoughtCriminal Oct 11 #7
3Hotdogs Oct 11 #8

Response to left-of-center2012 (Original post)

Thu Oct 11, 2018, 01:59 PM

1. Betcha Medicare premiums go up.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TreasonousBastard (Reply #1)

Thu Oct 11, 2018, 02:10 PM

3. They always do, and usually by the amount of the increase in SS benefits.

Maybe next year, there will be a little bit left over, but don't count on it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TreasonousBastard (Reply #1)

Thu Oct 11, 2018, 08:08 PM

9. Reply 14 in Omaha Steve thread as linked below

Numbers are for single fliers. For joint filers - double the amount.

(Am using iPad, donít know how to copy a direct Link)

Duh

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu Oct 11, 2018, 02:03 PM

2. Posted in breaking news, Omaha Steve

earlier today, see link below for my comment.

https://www.democraticunderground.com/10142176923

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu Oct 11, 2018, 02:18 PM

4. I talked to my Aunt last night she said her premiums on her coverage to cover what Medicare doesn't

went up $100.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu Oct 11, 2018, 03:06 PM

5. If M'care does not go up for me the raise is equal to a tank of gas...

Better than nothing I guess...
m

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu Oct 11, 2018, 03:11 PM

6. Will just about cover my latest rent increase...



Oh, well, better than nothing.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu Oct 11, 2018, 04:10 PM

7. I think that the COLAs fail to consider the real increases that seniors experience

Mostly healthcare. If the cost of your medical care and prescriptions quadruples, who cares if the price of laptop computers drop 5%?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to left-of-center2012 (Original post)

Thu Oct 11, 2018, 06:16 PM

8. One tank of gas per month.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread