Expect small '13 Social Security benefit increase [Archive] - Glock Talk

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DOC44
10-14-2012, 09:48
Expect small '13 Social Security benefit increase

WASHINGTON (AP) Social Security recipients shouldn't expect a big increase in monthly benefits come January.

Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since automatic adjustments were adopted in 1975. Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month.

The size of the increase will be made official Tuesday, when the government releases inflation figures for September. The announcement is unlikely to please a big group of voters 56 million people get benefits just three weeks before elections for president and Congress.


snip....

Some of next year's raise could be wiped out by higher Medicare premiums, which are deducted from Social Security payments. The Medicare Part B premium, which covers doctor visits, is expected to rise by about $7 per month for 2013, according to government projections.

http://news.yahoo.com/expect-small-13-social-security-benefit-increase-115834282--finance.html

Doc44

JBnTX
10-14-2012, 10:00
"...the typical retiree can expect a raise of between $12 and $24 a month..."

:woohoo::woohoo::woohoo::woohoo:

cowboy1964
10-14-2012, 14:53
Somehow I'm sure it's Bush's fault.

beforeobamabans
10-14-2012, 20:08
I know I'm only spending 1-2% more for gasoline, auto repairs, tires, food, clothing, taxes, insurance, college tuition, postage, beer, electricity, cable, ammo, and vet bills so it seems perfectly reasonable to me. :rollingeyes:

DOC44
10-16-2012, 08:03
official 1.7%

Medicare part B increase will probably get most of it.

Doc44

series1811
10-16-2012, 08:19
I know I'm only spending 1-2% more for gasoline, auto repairs, tires, food, clothing, taxes, insurance, college tuition, postage, beer, electricity, cable, ammo, and vet bills so it seems perfectly reasonable to me. :rollingeyes:

That's the really sad part. That the government has cooked the numbers on the true inflation rate so badly. We are all losing ground.

The Maggy
10-16-2012, 09:12
So, a possible 56 million people on the government teet are going to be voting to put more money in their pocket.

Whats that thought that's so popular around here? Oh yeah: If you're on the take, you shouldn't be allowed to vote.