5.9 percent increase in social security coming never mind inflation pegged above 20 percent

Actually from what I have read inflation is closer to 27%. My question is what are people doing with their money as the stock market may not be a good place for your life's earnings nest egg ?

My concern is the dollar's value continuing to erode ..can anyone spell Venezuela...as the dollar exchange rate is important to those who live overseas ?

a reply to: 727Sky

Don't worry, when the idiots in DC pass the 8.7 trillion dollar spending law we'll be full-on socialists.

a reply to: 727Sky

Bandaid and kick it down the road.

Same tactic for idk, what 30 years?

a reply to: 727Sky

Lmao....try to talk to and employer about cost of living or inflation. No one recognizes it for others only for themselves. I finally got a pension with my employer...between gigs that require the Vax killing my income and inflation that pension I sought out and that used to be worth having may not be so much anymore.

a reply to: RickyD

I tried, I got the same answer I've always gotten.
Want more money? Work more hours.
I've been on salary pay for almost fifteen years, I know exactly what more hours will get me, and it isn't more money.

I just had a furnace put in, switched from oil to propane. The guy who put it in said that if I had done it two years ago it would have been about fifteen hundred bucks cheaper to do. Everything went up a lot that he used. I guess there are more American made parts in this furnace, the manufacturer was having a hard time getting parts in that were usually made for them in China so that is one of the reasons it went up in price over the last six months. He said he feels a little guilty about the prices going up but he can't lose money.

Better than what Trump did. Ran up an 8 Trillion debt by giving the rich more money.

a reply to: DBCowboy

a reply to: MiddleInsite

You think Trump ran up an 8 trillion debt all on his own? With no liars and charlatans in the way?

Biden doesn't even know what country he's in, or who the United states guy is that he apparently keeps running? He just got his butt wiped remember?

The problem now isn't spending. The problem is corporations are dictating how the spending is being used and then demanding more, that's fascism. Corporations own the United States now, not the people.

originally posted by: MiddleInsite
Better than what Trump did. Ran up an 8 Trillion debt by giving the rich more money.

a reply to: DBCowboy

Enjoy your socialism.

*shrugs*

it was always meant to increase 1% or there abouts every year the increase was frozen under the Bush administration and it hadn't been unfrozen; So it's nice to hear it has been unfrozen but 5.9 percent is below the amount of years since it was frozen.

It may seem like lofty a boon but freezing in place for that long without increasing and behind what it should be if it were never frozen? Well, not much can be said about it other than they do what they do and people learn to live with it the best they can.

I am a Senior and get retirement money....the 5.9% COLA is most welcome. Good news for someone who loves her cat!

I'm on disability as well as my husband.

We don't recieve the full dispersal and live in subpoverty level of income, but we maintain a comfortable and humble life.

This increase will help for the coming rent increase as the cost of electricty has gone up in our state without affecting our food budget.

We are very greatful for this increase and COLA.