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Social Security benefits to rise 5.9 percent starting in January
Posted by: steve...
Date: October 13, 2021 10:57AM
I think there may be a few here who this may affect.... angel smiley


WASHINGTON — The Social Security Administration announced Wednesday that recipients will receive a nearly 6 percent increase in benefits next year.

The boost in benefits, which will affect nearly 70 million people, is being fueled by a spike in inflation caused by supply chain bottlenecks, worker shortages and other economic disruptions from the Covid pandemic.

The larger checks will begin to arrive for most recipients in January.



NBC News





Northern California Coast
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: freeradical
Date: October 13, 2021 11:22AM
Rents will go up 10.9%.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: DP
Date: October 13, 2021 11:24AM
One or two of us, yes...





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Disclaimer: This post is checked for correct spelling, punctuation, and grammar. Any attempts at humor are solely the responsibility of the author and bear no claim that any and all readers will approve or appreciate said attempt at humor.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: NewtonMP2100
Date: October 13, 2021 11:38AM
....no....6.9.....???



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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: MrNoBody
Date: October 13, 2021 11:58AM
5.9% will be devoured by the 2022 Medicare premiums!

"I'm giving you a $50 raise but your 'free' uniforms will be $60."

gee, thanks old fogey smiley



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patriot smiley
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: vicrock
Date: October 13, 2021 01:29PM
Exactly - Medicare payments will go up 6%
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: Forrest
Date: October 13, 2021 02:11PM
Part B would go up $10 a month for 2022, driving the Part B premium to around $158.50 a month. For 2021, the Part B premium is $148.50 a month.

According to USA Today ‘For the average retiree who got a monthly check of $1,565 this year, the bump means an additional $92 a month in 2022, boosting the typical payment to $1,657.’



Edited 1 time(s). Last edit at 10/13/2021 02:13PM by Forrest.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: rgG
Date: October 13, 2021 02:19PM
WooHoo.
I am set to start taking my SSI in January.
I am starting a little before my “full retirement date” so that I can have my Medicare, which I will become eligible for in January, deducted from the SSI instead of having to pay out of pocket.





Roswell, GA (Atlanta suburb)
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: RgrF
Date: October 13, 2021 02:54PM
Guess now I'll have to wait til January to book the open seat on the next BezoShip. startrek 2
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: anonymouse1
Date: October 13, 2021 03:11PM
Mine goes to 11.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: testcase
Date: October 14, 2021 01:54AM
And of course, Social Security "income" is taxable.even though we paid taxes on those dollars when we earned them.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: RgrF
Date: October 14, 2021 02:39AM
Quote
testcase
And of course, Social Security "income" is taxable.even though we paid taxes on those dollars when we earned them.

Remember when Billionaire Club members use to make that argument? Seems they found a way around it that's not open to us.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: macphanatic
Date: October 14, 2021 07:59PM
Inflation is going to wipe out that increase.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: Speedy
Date: October 15, 2021 09:20AM
Quote
macphanatic
Inflation is going to wipe out that increase.

Of course, it’s a COLA, that’s exactly how it is supposed to work.



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Social Security benefits to rise 5.9 percent starting in January
Posted by: NewtonMP2100
Date: October 15, 2021 10:38AM
.....why no....diet....COLA.....???



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