New York Times
Social Security will soon announce the largest inflation adjustment to benefits in four decades – a welcome development for millions of older Americans struggling to keep up with fast-rising living costs.
The cost-of-living adjustment for 2023 is likely to be around 8.7 percent, based on the latest government inflation figures. (If you're getting $1,100 in benefits, it might mean a nearly $100 increase.)
The final COLA, as the adjustment is known, will be released Thursday, when the federal government announces inflation figures for September. Medicare enrollees can anticipate some additional good news: The standard Part B premium, which is typically deducted from Social Security benefits, will decline next year.
The COLA, one of Social Security’s most valuable features, will give a significant boost to more than 70 million Americans next year. While retirement comes to mind when most people think about Social Security, the program plays a much broader role in providing economic security.
In August, the program paid benefits to 52.5 million people over age 65, but younger beneficiaries – survivors of insured workers and recipients of disability benefits and Supplemental Security Income, the program for very low income people – added 17.9 million people to the total, according to Social Security Administration data..
The annual inflation adjustment has been awarded since 1975 under a formula legislated by Congress. Policy experts have debated whether the current formula accurately measures the inflation that affects retirees, but there’s little disagreement on the COLA’s importance in helping beneficiaries keep up with costs.
With an eye-popping COLA on the horizon, The New York Times examined the back story of Social Security’s inflation adjustment – how it works, how it could be revised – and how it affects pocketbooks.
— Mark Miller
To read rest of post, click on link: https://www.nytimes.com/explain/2022/10/09/business/social-security-cola
27 comments:
But the price of hamburger meat & tortillas has risen markedly. Bread and eggs, too.
Landlords will again take a chunk of it, because they can.
No bonanza, Montoya.
Tell it like it is.
Nevermind that shit, Mongo! -
Gregory-Portland 72
Brownsville Porter 0
That's great to hear, but the Trumpers will disagree, protest and declare we don't deserve it.
That stupid reporter from the NYT called it a MONSTER SOCIAL SECURITY COLA RAISE. What a $144.00 a month a MONSTER RAISE? Pinche pendejo so what does he call his salary of $240,000 a year? A gargantuan salary? Or colosal check?
PINCHE PENDEJO...
So all the top administrators here at cob are paid a gargantuan salary? No, its a COLOSAL PAYCHECK AND FOR DOING NOTHING NOTHING AND NOTHING at all!
Hey Juan, question...why haven't you published anything about the wannabees for BISD? Especially La Rota Pelona AKA Carlos Elizonda...Carlos, el que recibio una sonda en el chico por parte de los bombeross de Brownsville?
Civil rights activist Ramsey Muniz leaves behind complicated ...
RIP FRIEND
Civil rights activist Ramsey Muniz leaves behind complicated ...
His people organized a big group of volunteers here in brownsville and notarized everybody to sign people on the petition so he could be put on the ballot for governor in texas. Those were fun times for everybody mostly students. La Raza Unida was big than, lots or marches, lots of huelgas (protests) everywhere.
Republicans want to lower Social Security benefits.
To them the elderly are expendable, dog meat.
October 9, 2022 at 8:13 AM
So porter wins, its hard to keep a 0 in a game. Thats what the coaches at porter coach "if you stay at ZERO you win".
BREAKING NEWS IN SPORTS:
Astros will win the world series.
Simplehuman, Brabantia, iTouchless, Step N' Sort, and Rubbermads makers of trash cans, have agreed not to release the new top of the line electronic trash cans, until the WORLD SERIES ends. One of the top customers the astros have cancelled their order for now.
The cost of tacos will sky rocket, meat is also used for tacos. A gringo delicacy.
Novel idea instead of a car offer the city and county a bike and NO gas allowance. A bike or quit...
BPUB apologized for any inconveniences the closure may cause.
apologise for robbing the citizens for years and years and give the money back pinches ratas...
San Benito man accused of string of burglaries at SpaceX
what did he steal? A rocket? what for? pendejo
Texas District Attorney names San Antonio officer who shot 17-year-old in a McDonald’s parking lot
Charge him and sent him to prison and maybe something more harsher. They need to learn this is a gringo shooting a teenage of hispanic heritage nothing but racism here. For no reason the teen was eating a hamburger.
The citizens should have the right to choose any electric company here in brownville. We should NOT be forced to do business with a corrupt company. We the citizens should sue the city to change these requirement its unconstitutional. WHERE'S THE D.A.?
Mchale's son loses game for Brownsville vets.
Michael was 30 yards ahead of the nearest defender and could have walked into the end zone.
He dropped it.
Michael has always prided himself on his good hands, but he couldn't make the grab. He was running parallel to the sidelines with his ride shoulder forward. The ball descended on his left shoulder. He had to twist slightly and this threw him off-balance. The ball hit his left shoulder pad and bounced away. Devastated, he trotted back to the sidelines without displaying any emotion.
La Administración del Seguro Social de Estados Unidos anunciará pronto el mayor ajuste a prestaciones debido a la inflación en cuatro décadas. Se trata de una decisión muy positiva para millones de estadounidenses mayores a quienes les cuesta seguirle el paso al rápido ascenso de los costos de vida.
Es probable que el ajuste por el costo de vida para 2023 sea de alrededor del 8.7 por ciento, con base en las cifras de inflación más recientes del gobierno. El ajuste definitivo del COLA, acrónimo con el que se identifica este ajuste, se dará a conocer el 13 de octubre, fecha en que el gobierno federal anunciará los datos de inflación de septiembre. Y hay todavía más buenas noticias para los afiliados a Medicare: la prima estándar de la Parte B, que suele deducirse de las prestaciones del Seguro Social, bajará el próximo año.
El ajuste COLA, uno de los elementos más valiosos del Seguro Social, les dará un impulso significativo a más de 70 millones de estadounidenses el año próximo. Si bien lo primero que viene a la mente de la mayoría de las personas cuando piensa en el Seguro Social es el retiro, se trata de un programa cuya influencia en la seguridad económica es mucho más amplia.
Procol Harum Frontman Gary Brooker Dead at 76 rip
To the Astro fans and all sport fans in general. What do any of you get whether your team wins or loses? Unless you are making monetary bets on the side, absolutely nothing. People?
WHY DON'T THE CITY SUSPEND PUB CEO? THERE IS EVIDENCE OF FRAUD AND HE CONTINUES TO WORK AND KEEP HIS JOB? WHAT IS WRONG WITH THE CITY COMMISSIONERS? WHY HAVE THEY NOT SUSPEND THIS PERSON? THEY ARE QUICK TO SUSPEND EVERYBODY ELSE WHY NOT HIM? SUSPEND THE PUB CEO DO IT NOW....
October 9, 2022 at 3:09 PM ESTUPIDO
NO ESTAS EN MEJICO IDIOTA inglissssh guey
October 10, 2022 at 5:58 AM
Your mama pendejo
October 9, 2022 at 12:05 PM
nomas los de sanbene rocket scientist cocos el cenote del valle hahahhha
10/09/22 @ 12:05 PM
Ay, es que lo quiero usar como enima. I think it will feel so good.
President Brandon and his democRATS are just buying votes for November. The sad part is that there are the fools who believe the "ca-ca" that they spew!
October 11, 2022 at 8:16 PM
By your statement I imagine that you think that all that Trump says is mana from heaven. The drinking of disinfectant helped you a lot during Covid. Cheers 🍻 to all that comes out of his mouth.
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