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Reply #60: Nobody on SS is "entitled" to a raise. Nobody. [View All]

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Statistical Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Oct-10-10 07:27 PM
Response to Reply #47
60. Nobody on SS is "entitled" to a raise. Nobody.
Sorry.

SS was inteded to provide a fixed retirement.

Thus sat someone gets $1,000 SS check. Now price of goods goes up 3%. The SS check also goes up 3%. But it still has the same buying power.

Once you retire in REAL TERMS (adjusted for inflation) your SS check never rises. Never. The nominal amount may go up but that only means that price of goods have gone up. If SS goes up 15% it doesn't mean SS recipients are suddently rich. It means price of goods & services went up 15%.

CPI hasn't reached the peak of 2008. Now prices may fluctuate but they haven't exceeded the previous high in May 2008.
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