Cost Of Living Adjustments

Discussion in 'Money & Finances' started by Sheldon Scott, Oct 18, 2016.

  1. Thomas Stillhere

    Thomas Stillhere Very Well-Known Member
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    Exactly, I had an SS card at 15, in the early 60s at the 6 way intersection in the Heights my good school friend's dad had an old Caboose moved to the then corner lot across the street from the old Akins drugstore. He made it into a nice little Hamburger place. All we friends worked there for a time and ate the poor guy out of business. He also had a pizza supply business and did well with that. One of my cousins Jimmy worked for a pizza supply house on Yale across the street from the little Park that is still there today. Jim managed to cut the tip of his finger off in the meat slicer and to this day I wonder who was the lucky person that found it.
     
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  2. Mary Stetler

    Mary Stetler Veteran Member
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    I make a lot of my own animal food when the price of it rivals actual meat. You can freeze the home prepared food in smaller batches.
     
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  3. Marie Mallery

    Marie Mallery Veteran Member
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    I know meat isn't the same, the texture or flavor has changed.
    Chicken is tougher than before unless you bake it, Jake likes it dried mostly. I don't think they let the meat 'rest' like they should.
     
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  4. Joy Martin

    Joy Martin Veteran Member
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    Hearing it will be 3.2%. I'll take it, and they'll take more in groceries....
     
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  5. John Brunner

    John Brunner Senior Staff
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    I think Congress got an over 5% pay raise...that's on top of what they made on their Pfizer stock.
     
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  6. Hedi Mitchell

    Hedi Mitchell Veteran Member
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    These raises make very little difference in our ability to maintain. Besides as always Medicare will go up. Last year it did go down five dollars, but expectation is will go up 10 next year. Oh then everything else that goes up. Our drug plan is $25 a month for us both, next year $ 36.
     
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  7. Yvonne Smith

    Yvonne Smith Senior Staff
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    The same thing happens to us every year, too. They add it into the SS pension and then take it away somewhere else, so we never actually are any better off with the new SS amount.
     
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  8. Thomas Windom

    Thomas Windom Very Well-Known Member
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    I was reading an article that, for homeowners I believe, the average annual expenditure per household in 2010 was $48,000. In 2023, it had risen to $72,000. I really don’t know what we’re supposed to do if this keeps up, and Washington is completely CLUELESS. Their lax attitude is what got us into this mess.
     
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  9. Hedi Mitchell

    Hedi Mitchell Veteran Member
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    I hate it when I am right... yep just read Medicare is going up $10 for 2024 and the deductible will be up $14 to $240
    I guess that raise will just about cover it.:mad:
     
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  10. Yvonne Smith

    Yvonne Smith Senior Staff
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    So, the government has started their little annual dance that they do each year with my finances.
    I just got the notice that they raised my EBT allowance (food for Bobby and I ) from $136 a month to $157 a month. With the price of all food skyrocketing, that $20 does not even come close to helping out, and I have no idea how they expect 2 people to live on that amount for groceries in a month, in any case.

    Anyway, come January, I will get my big 3% raise, and since I get just over $500 a month pension, that amount will be somewhere between $15-$20 a month extra. Then, they subtract my SS increase from the EBT benefits, so i am going to be back to the $136 allowance again by January.
     
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  11. Don Alaska

    Don Alaska Veteran Member
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    I believe it is by design. Remember the "You will own nothing and be happy" quote?
     
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  12. John Brunner

    John Brunner Senior Staff
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    Yup. Sins of commission.
     
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  13. Beth Gallagher

    Beth Gallagher Supreme Member
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    I just got a text, notifying me that I had a message from the SSA and a link to click on. Naturally I trashed it since "Tis the season for scammers." But then I logged in to the SSA website and see that I actually DO have a message, informing me of my huge 3.2% increase for 2024. Oh goodie. (Better than nuthin'.)
     
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  14. Mary Stetler

    Mary Stetler Veteran Member
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    So, What stocks will you buy?:rolleyes:
     
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  15. John Brunner

    John Brunner Senior Staff
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    You mean "socks."
     
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