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

[left-of-center2012]

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/

[TreasonousBastard]

1. Betcha Medicare premiums go up.

[Hoyt]

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.

[question everything]

9. Reply 14 in Omaha Steve thread as linked below

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

(Am using iPad, don’t know how to copy a direct Link)

Duh

[saidsimplesimon]

2. Posted in breaking news, Omaha Steve

earlier today, see link below for my comment.

https://www.democraticunderground.com/10142176923

[redstatebluegirl]

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

went up $100.

[mitch96]

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

[Wounded Bear]

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

Oh, well, better than nothing.

[ThoughtCriminal]

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%?

[3Hotdogs]

8. One tank of gas per month.