Social Security Going Up by 2.3 Percent
October 17th, 2007 . by TexasFredWASHINGTON (AP) - Come January, Social Security benefits for nearly 50 million Americans are going up 2.3 percent, the smallest increase in four years. It will mean an extra $24 per month in the average check, the government announced Wednesday.
The cost of living adjustment means that the monthly benefit for the typical retired worker in 2008 will go from $1,055 currently to $1,079 next year.
The adjustment, announced by the Social Security Administration, will go to more than 54 million Americans. Nearly 50 million receive Social Security benefits and the rest get Supplemental Security Income payments aimed at helping the poor.
The adjustment, announced by the Social Security Administration, will go to more than 54 million Americans. Nearly 50 million receive Social Security benefits and the rest get Supplemental Security Income payments aimed at helping the poor.
The 2.3 percent increase is the smallest since a 2.1 percent rise in 2004. It compares to an increase of 3.3 percent last year and a jump of 4.1 percent in 2006, which had been the biggest advance in 15 years.
Full Story Here:
Social Security Going Up by 2.3 Percent
Well, isn’t THAT special?? We spend BILLIONS in Iraq for a people that don’t want us there, we send BILLIONS to other nations to feed and care for their hungry or homeless, and to help provide health care for foreigners but our own retired and disabled get a 2.3% increase in their benefits, I am almost moved to tears by the generosity of the federal government…
For folks my age and older Social Security is what we were told was our retirement options, we didn’t have all the super-duper financial advice and electronic advantages that the young folks have today, we weren’t encouraged to do IRA’s and set up our own retirement like kids are today, we worked jobs for years and took the company retirement or service retirement and at 65 we expect Social Security to kick in and pay US back for all the years we payed in to it…
And God help the poor guy that is on Social Security disability and that’s the only source of income, you make just enough to survive and too much to get food stamps and welfare…
And for any asshat that thinks Social Security is a hand out or welfare, think again, if you went to work today, YOU paid Social Security tax, it’s YOUR money, it’s MY money, it’s OUR money and we’re never going to see the bulk of it back to us, welfare is for the no working lazy bastards that want everyone to do it for them, the entitled that think they are OWED something, the welfare baby makers, the people that have kids one right after the other because they KNOW that every kid will get them another WELFARE check, that is NOT what Social Security is all about, Social Security recipients EARNED their check, by God, they WORKED for it…
Social Security funds are robbed to fund other projects I suspect, they have to fund Iraq from somewhere, and what the hell, Seniors say cat food isn’t too bad with a bit of onion and salt, Bon Apetite’…
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When my wife died, I collected Social Security for my youngest son who was still in school. When he turned 18 and graduated high school, the money immediately ceased. I still carry my son under my medical coverage while he’s in college but you don’t get Social Security which I don’t understand. The SS money I got was his mothers contribution to his care and upbringing. If his mother was still alive, she would be contributing to his college too.
Bush had a good idea of a Social Security saving account where you could leave part of your earnings to your estate. My new wife and I are in our early 50’s and have been working since we were in our late teens. If we both died today, ever penny we put into the system goes to the government. It would be nice if we could leave some of that money to our children.
I don’t ever count Social Security into the over-all picture of my well being.
Many hard-working Americans do and for them I feel sorry.
Its time some of the people at the top try to live on the money’s we get per month. After working over 30 years I had to have major back surgery twice. After fighting for over 2 and a half years it was decided that I should be on full disability. Instead of spending all the moneys fighting these claims why in the world don’t we get some doctors in there that know what they are doing? Or better yet why does a doctor get training when the SS administration will not except what they say!! Two years of fighting to find out the same thing I knew when I started that I was unable to work. The time and money spent on these types of cases are crazy!!
The increases in our SS are a slap in the face. Especially when most of the raises go toward the increase in our medical. Wake up Washington bring our troops home and start spending money on what counts. In a country like ours we shouldn’t have people on the streets, older people living in poverty or people with medical problems fighting to live.
As someone that receives social security I feel a certain ache in my nuts as a result of just being kicked there by our wonderful government once again.
So how do we live of 2.3 per cent, with the cost of gas and food, What the hell is wrong with this country? They take our money and give us pennies.
Guess its time to start watching the recycling bins, 5 cents here 5 cents there it adds up. The estimate is 80 million baby boomers in the next couple of years, thats a lot of votes. Time for a lot of changes. VOTE!
I’ll say this right now: Marcia is SPOT ON. There is, as we ALL know, a MAJOR disconnect between the “law makers” and the electorate. I have always said and shall always believe, and said it openly to all my trainees: “until a sufficient numbers of judges are beaten, robbed, stabbed, targeted for death, buttfucked, burned with cigarettes, shot between the eyes, raped, hit in the head with pipes, had their wives and husbands killed by drunk drivers, shot for their hip-hop coat or their tennis shoes — well, things won’t change.
I would apply that principle to all politicians as well.
They have no idea how to run businesses, how to meet a payroll, how to even balance their checkbooks much less live on anything resembling any kind of sensible budget.
Disconnect. Period.
BZ