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Economy

MichMan

(13,743 posts)

4. Not nearly as much as inflation went up during the same time frame

Reply to mahatmakanejeeves (Original post)

Wed Oct 9, 2024, 11:17 AM

Oct 2024

Recipients received a 3.2% increase in their benefits in 2024, after a historically large 8.7% benefit increase in 2023, brought on by record 40-year-high inflation.

Just because inflation is now lower, doesn't mean prices go down, they just don't go up as fast as they have been.

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migeorge werdna

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Highlight:

Social Security's scheduled cost of living increase 'won't make a dent' for some retirees [View all] mahatmakanejeeves Oct 2024 OP

I say, thank the Democrats that we have any Social Security or cost-of-living allowance Walleye Oct 2024 #1

Working at 82. Nice XanaDUer2 Oct 2024 #2

$45 dollars Traildogbob Oct 2024 #3

Not nearly as much as inflation went up during the same time frame MichMan Oct 2024 #4

They went up by approximately 3.2% over last years approximate 8.7% Voltaire2 Oct 2024 #7

CPI index is a theoretical number based on a fictitious basket of urban goods and services MichMan Oct 2024 #9

Some believe the Federal government is using the wrong COLA for SS MichMan Oct 2024 #5

headline and article are editorial rw bullshit. nt. Voltaire2 Oct 2024 #6

The COLA is small because inflation has significantly declined Fiendish Thingy Oct 2024 #8