Page 3 of 3 FirstFirst 123
Results 21 to 27 of 27
  1. #21  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    15,628
    http://money.cnn.com/2016/10/18/reti...benefits-cola/

    I stand corrected.

    The typical retiree's monthly Social Security check will get only $3.92 bigger next year.
    That amounts to an increase of just 0.3% -- the smallest ever put in place to help cover higher prices.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  2. #22  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    15,628
    June 2017 = 238.813

    SS trustees predict a 2.2% increase for 2018

    Base number is either 233.57(2015) or 235.61(2016)

    I think it should be the lower of the two.
    Last edited by Retread; 09-12-2017 at 10:35 AM.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  3. #23  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    15,628
    July 2017 = 238.617

    August numbers announced Thursday.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  4. #24  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    52,734
    Hmmm, we may be able to buy that 10# chub of 70-30 ground beef we've been eyeing at the Walmarts.
    Woe to those who call evil good, and good evil;
    Who substitute darkness for light and light for darkness;
    Who substitute bitter for sweet and sweet for bitter!
    21 Woe to those who are wise in their own eyes
    And clever in their own sight! Isaiah 5:20-21 NASB

    Reply With Quote  
     

  5. #25  
    Senior Member
    Join Date
    Feb 2017
    Posts
    771
    COLA is computed in a totally disingenuous way. If a 16 ounce can of coffee was $5 and now they only sell a 12 ounce can for $5 the price has gone up 33%. But government inflation calculations consider the 12 ounce can as a totally new product so there is no impact on COLA.

    Meanwhile the federal government becomes clinically obese with baseline budgeting.

    It's all total
    Reply With Quote  
     

  6. #26  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    15,628
    Quote Originally Posted by old dog View Post
    COLA is computed in a totally disingenuous way. If a 16 ounce can of coffee was $5 and now they only sell a 12 ounce can for $5 the price has gone up 33%. But government inflation calculations consider the 12 ounce can as a totally new product so there is no impact on COLA.

    Meanwhile the federal government becomes clinically obese with baseline budgeting.

    It's all total
    In more ways than that. Look back over this thread as to what is and is not in the "basket of goods" being considered for SS adjustments. More BS.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

  7. #27  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    15,628
    https://finance.yahoo.com/news/early...110600942.html

    Very interesting reading, especially the last section.

    A recently released analysis from The Senior Citizens League finds that Social Security benefits have lost 34% of their purchasing power since the year 2000. Put another way, what $100 in Social Security income used to be able to buy in 2000 now only buys $66 worth of goods and services.

    I keep saying it but nobody believes; it’s a Ponzi scheme and it’s getting empty.

    One solution offered by Democrats on Capitol Hill is to replace the CPI-W with the Consumer Price Index for the Elderly (CPI-E). The CPI-E would specifically factor in the expenditures of households with persons ages 62 and over, likely providing a more accurate measure of the inflation that senior citizens are facing. With more emphasis placed on medical care and housing, a higher COLA should follow.

    However, the consequence of adjusting to the CPI-E from the CPI-W is that it would drain Social Security's $2.9 trillion in asset reserves even faster than the Trustees have projected. The often higher COLA's associated with the CPI-E haven't been factored into the Trustees' projections, so the 2034 date at which Social Security's asset reserves are expected to be depleted could come even sooner if the CPI-E is used.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    A man is but a product of his thoughts. What he thinks, he becomes. Gandhi
    Reply With Quote  
     

Bookmarks
Bookmarks
Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •