Social Security Cost of Living Increase - DENIED!

No question. Everything I am doing right now is in preparation of very high interest rates. But should COLA be based off of projections in the future, no matter how nasty it looks?

 

No. A COLA is meant to reflect the rise in cost of living at the present, not to provide cushion for the future.

 

It was a rhetorical question. :thumb:

 

But this short term blip was brought on by the very institution that is suppose to protect them.

Their dollar still buys less.

 

It buys less Euros, but presently it buys more bread, milk, house, tv, clothes, and gas. Thus no COLA. Is it that hard to understand?

 

Your money is worth less. Why do you think Gold is at a high.

 

Gold is a supposed hedge against future inflation. COLA is a reaction to present inflation. Do you understand what the terms future and present mean?

 

I'll ask you the same question. Is present today? was it yesterday? is it tomorrow?

 

In this particular question present is a year. Do you really suppose that inflation is going to erode the dollar so much that old people won't be able to buy bread by the end of the year? If that is the case is a 3% upward adjustment really going to matter?

 

No I don't. It won't hurt. And if it didn't matter why are they trying to give them $250 ?