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2024-10-15 Economy

Furious seniors react to Social Security rise for 2025

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Posted by Skidmark 2024-10-15 09:34|| E-Mail|| Front Page|| [11159 views ] Top

#1 Older Americans and senior groups have since expressed their disappointment at the raise, which they say does not reflect their changing expenses after years of high inflation.

Idiots. Won't make any difference soon. At the rate of spending and the impossible deficit, your money is going to be worthless. Inflation is created by government. But, hey, you voted for it for decades. 100% increase of zero value is still zero value.

Posted by Procopius2k 2024-10-15 15:27|| 2024-10-15 15:27|| Front Page Top

#2 The 2.5% will also be the adjustment for people retired from the Federal civil service.

FWIW, the monthly social security amount is capped at $4873 so those at that amount (probably no more than a few hundred like that) would not get an increase.

Posted by Lord Garth 2024-10-15 17:10|| 2024-10-15 17:10|| Front Page Top

#3 If you have a Gubbamint Pension, the Windfall Provision suitably reduces any SSI payouts you get. I will basically get beer money, as deserved

Posted by Frank G 2024-10-15 18:28|| 2024-10-15 18:28|| Front Page Top

#4 ICYMI, that's before taxes, chumps!

Posted by `AlmostAmonymous5839 2024-10-15 18:34|| 2024-10-15 18:34|| Front Page Top

#5 Helping my soon-to-be 87 yr old (Democrat) Mom reconcile and pay bills yesterday AM.
She said: "You know they'll take away Social Security soon".
I said: "Who Mom? Donald Trump? Who pledges absolutely not?"
She said: "on TV"

We're fucked

Posted by Frank G 2024-10-15 19:19|| 2024-10-15 19:19|| Front Page Top

#6 We promised both my mother and Mr, Wife's mother that we would support them, should it become necessary.

Because it won’t be President Trump taking away Social Security, but the simple fact that money coming in from workers will be less than money promised to retirees. We’ve been warned about this since the 1970s, and Congress has over the years taken measures to push that back — raising the retirement age, increasing percentages and maximum amount taken out of paychecks, not raising the threshold for paying taxes on payments to keep up with inflation/COLA…

Posted by trailing wife 2024-10-15 19:43|| 2024-10-15 19:43|| Front Page Top

#7 Beer money ... nowhere close to that for me

Posted by Glenmore 2024-10-15 20:55|| 2024-10-15 20:55|| Front Page Top

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