[Sacajaweau]

i wish they would divide these cola dollars equally among all ss folks since inflation applies to each equally...and not according to their ss payment. It wouyld be much fairer I think.

SS is not broke.

[Codeflier]

But what about people that paid a lot more into the system? I think a percentage is the only fair way to do it. An absolute amount smells of Communism to me.

[kabar]

The SS Trust Fund will be exhausted in 2034. By law, benefits will then be reduced to revenue received, an estimated 20% reduction.

The Medicare Trust Fund is exhausted in 2028.

[CurlyDave]

i wish they would divide these cola dollars equally among all ss folks since inflation applies to each equally...and not according to their ss payment. It wouyld be much fairer I think...

I disagree. If person A has earned an SS benefit of $2000 and there is 3% inflation, $60 inflation adjustment keeps person A whole.

BUT, if person B has only earned a $1000 benefit, $30 keeps person B whole.

Equal colas for everyone unfairly redistributes money from those who earned to those who did not.