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Aug 19, 2022

9.6% COLA?

     The Senior Citizens League is now estimating that Social Security's cost of living adjustment for this year will be 9.6%.

9 comments:

  1. Why don't they just stick with what they (and anybody else who cares to) know? The July CPI-W was 8.9% above the COLA baseline (average of July-Sept 2021 CPI-W). The COLA will depend on the average of July-Sept 2022 CPI-W relative to the baseline, so we need to wait for the August and September 2022 CPI-W, which nobody knows yet. But the COLA will likely be in the 8.9% ballpark.

    Something in the article that was actually informative was that there will probably be no change in the Medicare Part B premium.

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  2. Yet those of us who work to administer the program will receive less than half of that in our cost of living raise. And all the while a bunch of dumb white boomers will continue to bitch and moan about how overpaid we are.

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  3. 222 what is your problem? You are ageist and racist. All you need is a bias against the disabled and you would hit the trifecta of ignorance. SSA is clearly not the Agency you should be working for.

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    Replies
    1. No one should work for the agency. Just automate it or send it overseas.

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  4. This comment has been removed by a blog administrator.

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  5. Medicare will probably go up 12%.

    And we'll field calls for six months after explaining "hey where'd my raise go"

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  6. Medicare won’t go up much if at all.

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    Replies
    1. Not this year. They’ll wait until it’s a smaller cola to absorb all of it.

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  7. Will such a big jump in benefits speed up the depletion of funds and the impending doom date of not being able to meet payment requirements?

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