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Social Security increase for 2013 could be lowest since 1975

Social Security recipients shouldn't expect a big increase in monthly benefits come January.

Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since automatic adjustments were adopted in 1975.

Monthly benefits for retired workers now average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month.

The size of the increase will be made official Tuesday, when the government releases inflation figures for September. The announcement is unlikely to please a big block of voters -- 56 million people get benefits -- just three weeks before elections for president and Congress.

Read more: http://www.foxnews.com/us/2012/10/14/social-security-increas...

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Unsurprising. Obama has cut

Unsurprising.

Obama has cut the SS fund by a 60+ billion this year. Plus, with record low rates on government debt, the treasury is getting very little yield.

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Milk is now $5 a gallon in NW Florida

But as others have mentioned...who dat say there is no inflation? I know it wasn't too long ago that milk was less than $4 a gallon because I remember telling my wife it would be cheaper if our car ran on milk than gas. No more.

The trickery with inflation

is that it's reported as a percentage. People say, our inflation is low! Only 1%!! But if we spoke in terms of money supply; 1% of $100 is a dollar, 1% of several trillion is many billion. The greater the money supply, the more printing necessary to produce a high inflation percentage.

Sorry Earl, but your title is false...

There have been, not one, but TWO recent years when the Cost Of Living Adjustment to my "benefits" was ZERO.

Michael Nystrom's picture

Because inflation is just so darn low!

Ha.

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

The Government Inflation Figures Are A Joke, As We Will Soon See

Food is one of the biggest costs for seniors, yet it is not included in the numbers.