This isn't what Biden has been trying to sell.

[Thinker101]

The prediction for COLA numbers have released, they estimate a 3% hike in SS, due to “higher than expected inflation numbers”.

What was interesting is some of the numbers from the Bureau of Labor Statistics and the Census Bureau.

According to the Bureau of Labor Statistics, while shelter costs increased by 5.7 percent year over year, hospital service prices skyrocketed by 7.5 percent. Transportation costs also had an extreme jump, at 10.7 percent.

Despite these increases in Social Security payments over the years, poverty among those aged 65 and up has been on the rise. The U.S. Census Bureau estimates that poverty rates in this demographic were at 14.1 percent in 2022, up from 10.7 percent in 2021.

Remind me again, how well Bidenomics is working.

MSN

 

[Doc7505]

The prediction for COLA numbers have released, they estimate a 3% hike in SS, due to “higher than expected inflation numbers”.

What was interesting is some of the numbers from the Bureau of Labor Statistics and the Census Bureau.

According to the Bureau of Labor Statistics, while shelter costs increased by 5.7 percent year over year, hospital service prices skyrocketed by 7.5 percent. Transportation costs also had an extreme jump, at 10.7 percent.

Despite these increases in Social Security payments over the years, poverty among those aged 65 and up has been on the rise. The U.S. Census Bureau estimates that poverty rates in this demographic were at 14.1 percent in 2022, up from 10.7 percent in 2021.

Remind me again, how well Bidenomics is working.

MSN

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Increases in Social Security COLA's should reflect true inflation not some made up low number that no one can live with.

 

[Thinker101]

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Increases in Social Security COLA's should reflect true inflation not some made up low number that no one can live with.

True, although, that would give them more reason to rig the numbers.