Comments on: Seniors lose $10,000? Huh?

By: Mark

Mark — Thu, 29 Oct 2009 18:21:46 +0000

Perhaps they should all give back the 2.8% extra they got last year (above the 3% average ), and then get a 3% increase on top of the 3% they almost coulda-shoulda-woulda got if everyone had predicted the non-inflation of 2009.

Or someone should write a long article headlined “The $20,000 windfall bailout for Seniors”, and explain how the unneccessary 5.8% increase translates to a $20,000 unearned bonus.

Oh wait – that wouldn’t sell ANY advertising in the next issue, and might generate some outraged letters to the editor.

By: Paul Williams @ Provident Planning

Paul Williams @ Provident Planning — Thu, 29 Oct 2009 12:15:42 +0000

Did everyone forget they got a 5.8% raise last year followed by little to no inflation?

If the CPI doesn’t go up, then Social Security payments won’t go up. That shouldn’t be a surprise.

However, I do think the CPI isn’t the best measurement to track inflation for seniors, whose main costs include more health care than the typical urban consumer.

By: traineeinvestor

traineeinvestor — Thu, 29 Oct 2009 06:45:31 +0000

Well, what is bad news for beneficiaries has to be good news for taxpayers – they could do with some.

With respect, I actually disagree with the comment about taking the raise instead of the bonus (although it depends on how you cut the numbers and yoru assesment of other future events): http://aprivateportfolio.blogspot.com/2009/10/bonus-v-raise.html