Latest News
COLAs – Do they really “keep up” with actual inflation?
Paul Solman’s brief piece here in Making Sense examines whether annual Social Security cost of living adjustments (COLAs) actually keep up with “real” inflation? The shortest answer is this– not entirely. This year’s COLA is predicted to be higher than most from the past decade (estimated at 2.7%), but medical costs are a big expense for seniors. Those expenses tend to rise faster than inflation overall and faster than an average of many different goods and services. According to a study released earlier this year by The Senior Citizens League, “Social Security benefits have lost 34 percent of buying power since 2000.” Read more on this all important issue here.
The AMAC Foundation offers a free-to-the-public advisory service to all folks ageing into–or already in–Social Security. This service provides guidance in understanding the complexities of Social Security and the myriad rules and regulations associated with the process for claiming benefits, with NSSA-Certified Social Security Advisors available via email or telephone to discuss options. Learn more about this service via the Foundation’s website.
Divorce is still high especially with the hard economic conditions today. People living single have a harder time saving for retirement. Single or widowed people have a hard time as seniors. A small tiny steak is 14 dollars. Small hamburg package 9 dollars. Cofee is 12 dollars as of yesterday at my small town store. 10 dollars at supermarket. Waky waky
Middle class can’t hold up this corruption much longer. We’ll be indebt at seniors and an even much smaller population will be trying to take care of us. Many dont want kids I hear working health care. Daycare to high they say at 2400 for two kids. If they have kids one stays home to care for kids. That doesn’t help the economy either. Waky wakey!
I work in healthcare. I k ow little old ladies telling me they can’t turn on their hot water tanks, Heating with woodstove while permanently on oxygen. Trying to load stove, lug wood while short of breath. Stopped using stove as electricity all to high they state. If they are physically able to stay in their home they should not be forced out because social security can’t keep up with inflation. Fraudent housing increase in inflated house valuations and taxes. They worked hard and being financially abused. Why is there elderly wirh associate degrees and worked there whole life meeting poverty guidelines as seniors. Shame on those running this country. Medicare costs 450-500 a month for health costs. Dear gosh. I am ashamed of the government leaders that let this happen. We need to keep our own safe before we give us dollars from taxpayers dollars to other countries. Its theft at best.