General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOn Social Security?
...I think trump's cheating us...
" U.S. Inflation Rate, $1 in 2018 to 2019
According to the Bureau of Labor Statistics consumer price index, today's prices in 2019 are 2.43% higher than average prices since 2018. The U.S. dollar experienced an average inflation rate of 2.05% in the last 12 months. This means the real value of a dollar has been decreasing recently. "
https://www.in2013dollars.com/us/inflation/2018?amount=1
" The latest COLA is 1.6 percent for Social Security benefits and SSI payments.Social Security benefits will increase by 1.6 percent beginning with the December2019 benefits, which are payable in January 2020. Federal SSI payment levelswill also increase by 1.6 percent effective for payments made for January 2020. "
https://www.ssa.gov/oact/cola/latestCOLA.html
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...these people are shameless...chumping us on our SS and SSI pittance has got to be a sin...
...republicans are evil, they must be punished...
True Blue American
(17,972 posts)For Medicare will go up, too. You will not get all that 1.6.
exboyfil
(17,857 posts)Just because you can buy a 50 in $200 TV it holds it down even though your medicine, healthcare, food, shelter, and transportation all increase. Those inelastic things you need to survive continue to rise in price while those things you don't are under considerable pricing pressure (which says something about the weakness of our economy).
You know chained CPI.
So what if beef is up, you can substitute to pork, chicken, and eventually rat I guess.
myohmy2
(3,118 posts)...mmmmm, rat...
...cat food and rat on toast for breakfast with sha fafa on the side...
...delicious...