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Info Seeker
Posts: 1
Registered: ‎10-04-2011

Re: Social Security Cost of Living

Message 1 of 3 (2,502 Views)

I was under the inpression that a cost of living raise would be given to everyone on social security as well as SSDI/SSI yet was incorrect! I was given some runaround from social security about how because the amount of my Medicare premium being deducted from my check that my check will continue to be the same amount forever! 

Trusted Social Butterfly
Posts: 9,164
Registered: ‎09-03-2008

Re: Social Security Cost of Living

Message 2 of 3 (2,754 Views)

r409 wrote--The average senior on social security receives about $7.00 per hour based on a 40 hour week by comparison.----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------So you think a retired senior should earn the same as someone who works 40 hours a week?  The federal national minimum wage is $7.25/hour. Many who paid SS maximum for several years  get almost double that. FYI- Trump promise that recipients will get a healthy raise in 2018 compared to what we got during the Obama years.

Info Seeker
Posts: 1
Registered: ‎05-31-2017

Social Security Cost of Living

Message 3 of 3 (2,809 Views)

Is anyone advocating a cost of living increase for seniors. I here all of this talk about people not being able to live on a miimun wage of less than $15.00 per hour. The average senior on social security receives about $7.00 per hour based on a 40 hour week by comparison. I haven't heard of anyone standing up for people whose primary source of income is social security. We worked hard paid into the social security fund, and the government stole the money to fund other programs. Our cost of living goes up every year, and yet no cola increase. Help!