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Social Security checks to rise?
A look at past adjustments

Fox Business, by Brittany De Lea

Original Article

Posted By:JoniTx, 10/10/2018 9:31:07 PM

The Social Security Administration will tell retirees on Thursday how much of a bump to expect in their checks next year, and some experts project it could be the biggest in years. The Senior Citizens League, a nonpartisan senior advocacy organization, forecasts benefits will jump by 2.8 percent in 2019 – which would be the largest increase in seven years. That is slightly down from the group’s previous forecast of 3 percent, but would still boost the average beneficiary’s check by $39 per month – and raise the current maximum benefit collected by someone who retires at full retirement age

      


Post Reply  

Reply 1 - Posted by: miceal, 10/10/2018 9:37:43 PM     (No. 11792574)

Last year my entire cost of living increase went to Medicare.

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Reply 2 - Posted by: Jethro bo, 10/10/2018 9:55:00 PM     (No. 11792584)

I have aid into Socialism Security to buy Democart votes since I was age 12. I still have a lot of years to go until I get ´full´ benifits at retirement. And sure, it will not be whan I turn 65. I do know, uess I live to be about 112 years of age, I will have paid more into socialism Security than I will have recieved. Its nothing more than a Ponzi scheme and it is no comfort to me to kow that my retirement 401k will be far more important to me than the moeny I put into socialism security as a 12 year old. An increase to today´s socialism secuity recipents means less oney for me even though I still pay into it. ´m F......

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Reply 3 - Posted by: ginadee, 10/10/2018 9:55:04 PM     (No. 11792585)

Yes #1, mine too. It will probably be the same this time around too.

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Reply 4 - Posted by: Sandbar, 10/10/2018 9:57:07 PM     (No. 11792588)

Exactly #1, I think the medicare increase was more than the SS increase for me but there is a reg/rule/law that it can´t go negative.

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Reply 5 - Posted by: strike3, 10/10/2018 10:29:35 PM     (No. 11792616)

Thank you, President Trump. The Kenyan Musbro pretend-president didn´t give a cost of living increase to anybody except himself.

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Reply 6 - Posted by: ColonialAmerican1623, 10/10/2018 10:34:51 PM     (No. 11792619)

But, will We earn $15 an hour ?

For years they have said SS would run out of money. So what did Zippy do? Give it to people who never put a dime into it and call it an entitlement.

For the younger people who say older people should have saved and put money in retirement funds. First, for the oldest, those things weren´t available. Second, a major illness will wipe out everything you own and then some.

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Reply 7 - Posted by: Poca Dot, 10/11/2018 12:15:31 AM     (No. 11792697)

$39 is $39.

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R-TA-Wide_2
  


 
Reply 8 - Posted by: qwerty, 10/11/2018 12:16:25 AM     (No. 11792698)

$39 a month. It´s something, not much, but more than "THE MAGIC ONE" allowed, except for himself.
I began drawing it when I was 69. I get a bit more than the 100%, it helps. I did some figuring once, I have to live until 87 to break even. Meaning I´ve gotten back dollar for dollar everything I´ve put in. I´m not counting for inflation, if I did, I´d never get even.

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Reply 9 - Posted by: Judy, 10/11/2018 12:36:06 AM     (No. 11792707)

My supplemental medicare premiums went down this year.... first time in years!

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Reply 10 - Posted by: Janylou, 10/11/2018 3:31:25 AM     (No. 11792731)

I am like most of you who feel that whatever increase we get in SS, will be eaten up in Medicare premiums. I have been blessed not to need to use Medicare yet and it makes me mad that Blue Criss keeps calling about doing a home health care visit. What I don´t understand is, if I am not using Medicare, why do my premiums keep going up. There should be some incentive not to abuse it.

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Reply 11 - Posted by: strike3, 10/11/2018 5:04:25 AM     (No. 11792754)

Don´t respond to Blue Cross, #11, they are the worst. Before you know it they will be pushing hypertension and anti-cholesterol pills and a dozen other useless tannis root derivatives they are pushing on TV. Use the money to buy a bicycle.

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Reply 12 - Posted by: franq, 10/11/2018 6:03:26 AM     (No. 11792760)

I have to live 10 years after I start collecting to break even. Lord willing.

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.LockDme.
Lock-17


 
Reply 13 - Posted by: sabrajet, 10/11/2018 7:25:09 AM     (No. 11792794)

Now if they REALLY want to help seniors they would NOT TAX their SS. It was taxed before they took it out, why do they tax it a second time? And if you have yet to receive yours, and for some reason people seem to know nothing about it until their time comes, you are taxed by the Feds and the State (if your State has taxes).

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Reply 14 - Posted by: kate318, 10/11/2018 8:06:20 AM     (No. 11792837)

#12, tannis root! Lol!!

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Reply 15 - Posted by: fayebeck, 10/11/2018 8:50:11 AM     (No. 11792875)

Who says Americans won´t accept socialism?

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Reply 16 - Posted by: Arby, 10/11/2018 9:07:38 AM     (No. 11792893)

I´ll take it. Mini-winning perhaps, but maxi-winning compared with the august Fauxbama.

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Reply 17 - Posted by: Maggie2u, 10/11/2018 10:29:02 AM     (No. 11793027)

Poster #7, poster #6, wasn´t talking about savings accounts. He/she was talking about 401K´s and IRA´s. These didn´t exist for many, many older people who are now retired.

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.R-LJ.


R-LJ
  


 
Reply 18 - Posted by: MDConservative, 10/11/2018 10:59:50 AM     (No. 11793078)

While your point about #7´s post is taken, #18, "savings" and investment have always been available, even if only cash stuffed under the mattress or the cookie jar. And with the value of money on a specie standard, inflation was generally not a huge threat. I knew more than one that socked cash away for their "rainy day" or future. They made do on working class peanuts.

What must also be remembered is that at one time "retirement" was a family affair, with the eldest son often moving into the "homestead" while the elderly parents took the second bedroom, or attic. Meals were shared; generations grew together. The kids took responsibility for the welfare of their parents. And death came at home without expensive care. Different world.

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Reply 19 - Posted by: coldoc, 10/11/2018 11:37:12 AM     (No. 11793124)

I paid the max into ss (including the self employment tax) for 40 years. I will never get "even". Illegal criminals are buying cigarettes and beer with some of MY money.

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Reply 20 - Posted by: rocco49, 10/11/2018 2:30:55 PM     (No. 11793341)

#7 fits nicely into that angry cartoon up above....

My President does NOT "pay off" anyone!
That´s just so incorrect..

We all welcome a rise in our s.s. after the Anointed one´s eight years of hell.

I thank this President for making corrections and fixing things that we ALL know (except for #7) badly need fixing.

The left breaks things.
This President fixes things.
That´s why we love him.
Got it?
So many accomplishments in such little time!
Ya gotta love this patriotic President!

Veterans for TRUMP 2020
He´s fixing everything!

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Reply 21 - Posted by: Lana720, 10/11/2018 2:33:20 PM     (No. 11793345)

Staff, I’m going to scream now.
REMOVE THE TAX ON SOCIAL SECURITY CHECKS!!!
Thank Bill Clinton for that one!
Protect those funds for their intended use.

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Reply 22 - Posted by: Butch, 10/11/2018 4:13:19 PM     (No. 11793436)

A 2.8% increase doesn´t sound like much, and I hear a lot of sneering, but I could use an extra 50 clams paid to me monthly from a "plan" (i.e. a Ponzi scheme) to which I was forced to "contribute" for my entire working life.

So many euphemisms, so little time -- but We never had any choice in the matter. When Ronald Reagan proposed some much-needed changes to Social Security (which were partially implemented, thank heavens), Teddy the "Lion of the Senate" Kennedy and the Tip "the Tippler" O´Neill howled in the Congress.

As usual, President Reagan was right, and America is still trying to shake off the hangover that Teddy and Tipple left us.

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Reply 23 - Posted by: Judy, 10/11/2018 8:11:25 PM     (No. 11793601)

If our President is buying votes , what did Obama do when he refused ss cola for 2 years & took billions from ss & placed it in Obamacare for insurance companies payoffs?? The people calling this crumbs, it’s better than zero.

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