Posted on 10/13/2022 7:07:32 AM PDT by hardspunned
Tulsa retiree Lynn Christophersen relies almost entirely on Social Security to pay her bills, whether it's covering the rising price of gasoline or another increase in the cost of electricity. "I quit using my dryer today," she said. "I'm back to hanging up my clothes in my apartment. And I've heard rumors that it's going up again, and it was like, 'Good grief!'" Consumer prices rose 8.2% for the 12 months ending in September, the Labor Department said Thursday. That's down slightly from the previous month but prices remain stubbornly high.
(Excerpt) Read more at apple.news ...
We are heading into an economic catastrophe that will take years to recover from. This morning the MSM began to tremble at what they helped to cause. It’s too late for apologies. The carnage is coming and we all saw it coming.
And employees in private industry will get their usual 3% (+/-) raise.
Yeah, yeah, yeah. Inflation is 8.2%. Don’t tell me that mess. Tell me how many inches inflation is up, Joe.
Yeah. That’ll help.
Part B premiums are supposed to be down … an entire $5
A raise that will hasten the exhaustion of the SS Trust Fund.
I think it means retirees will get a 0.5% raise next year.
Maria Bartiroma said the same thing about an hour ago on Fox news.
Gotsta empty that drawer in Parkersburg.
I don’t know if it’s true or not, but I read that also.
I missed Maria this morning, but I listened to CNBC. The lefties there are shock.
“Let them eat cake”
Yep, but according to ADP recently, over the past year they will get 20-30+% if they change jobs. Food for thought, swap your stingy employer for a new one that will bid for your services.
I think a lot of people are waiting for inflation to suddenly subside and expect things to go back to the way they were. The Trump years are behind us and lots of financial pain lies ahead.
Most people and retirees are going to crushed by persistent inflation.
I'm surprised it hasn't already completely collapsed.
I wonder how much the IRA/401K/403B/457 numbers and their Roth counterparts will be adjusted this year. They automatically adjust for inflation each year the contribution limits per year and the income restrictions (Roth IRA’s).
Though the IRA/Roth IRA max contributions per year (currently $6K, or $7K if 50 or over) adjust only in $500 increments, so we often go a few years before it’s increased. I’d bet it’s increased this year.
The lefties there are shock.
*************
They don’t care about inflation because it doesn’t affect them. They just realized the Dems are facing big losses in November. That’s what upsets them.
Yep
My problem is, I like my job, our team and I’m overpayed.
Another 3% at my level will just go into the 401K...
I’ll be lounging around the house in 5 years, anyway.
Deo Volente, of course.
Paying out SS $$$$$ to people who ‘are disabled’ because they GAMBLE or USE DRUGS & CANNOT HOLD A JOB doesn’t help, either.
Saw a mid-40’s woman on one of the TV “judge” shows this past month-—She was collecting SS ‘BECAUSE SHE GAMBLES & CANNOT hold a job.....” who was being sued for not repaying a loan from a relative.
Years ago, there was a ‘woman’ who lived on my street——SHE collected “DISABILITY” funds from SS because she was a chronic drug user and wouldn’t hold a job. MAMA was just as bad-—since SHE got paid to ‘care for the 2 or 3 ‘grandkids’ because the druggie did’t-—and they all lived in the same house. Sucking money out of SS like a Hoover.....
INSANITY
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