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Welcome to the AARP Discussion Board. Here you can talk with peers about current events ranging from Social Security to caring for your parents to the latest on health care reform. It is also the perfect place to exchange healthy eating recipes and job hunting tips.
These forums are for you to engage and have fun meeting new people. Just remember the community code: Be nice!
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Re: Share your fears about Social Security
posted at November 5, 2011 12:40 AM EDT
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Re: Share your fears about Social Security
posted at November 5, 2011 2:17 AM EDT
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Posts: 2
First: November 5, 2011 Last: November 5, 2011 |
In Response to Re: Share your fears about Social Security: I am new to receiving Social Security. Last week I went to the grocery store and bought staples, many of which were not previously prepared foods. When I arrived home, I went to my files and checked the same 19 items that I purchased this time last year and found that I had paid 30% more this year than last for the same items. Gasoline has increased almost double (average) in the last 12 months. Most federal employees, including US Congressmen, have received cost of living increases. Some in the amount of 16% increase in one year, as per the US News reported on television. I have been told that the Social Security recipients have NOT received even a cost of living increase for at least three years (as per local recipients). Is there a chance that this inequity of passing out increases will be addressed? And When? Jack V. Smith Posted by Powderhorn63 There is suppose to be a 3.6% increase in SS in Jan. 2012. |
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Re: Share your fears about Social Security
posted at November 5, 2011 2:32 AM EDT
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Posts: 2
First: November 5, 2011 Last: November 5, 2011 |
In Response to Re: Share your fears about Social Security: I just went on Medicare in May 2011. Now I'm really scared the Republican Party and the Tea Party are going to do their darnest to "Take it away from all Seniors" Should I be "Fearful" or Not?? It's a terrible situation in Washington,D.C., and it seems like it's getting worse all the time. I am a "Baby Boomer" and I dreaded turning 65, because of all this mess. Everyone of us worked hard all through the years and paid in to the SS System, now they want to take it away from us?? They better "Think Again" We the People have Rights, so they better "Watch It" or they'll Vote themselves right out of Office!!! I do NOT Like what I'm hearing coming out of Washington D.C.!!!! I am a "Die Hard" Democrat, and I really like Barack Obama, no matter what anyone says. He has "Fought TOOTH AND NAIL" FOR US. He has Bent over Backwards to get along with these Congressmen and Senators. All they have done is "Ruin this Country" and it keeps getting worse. I sincerely hope the American Senior People are strong enough to "VOTE THESE TURKEYS" OUT OF OFFICE. THEY DO NOT DESERVE TO BE IN OFFICE. Posted by Yancey4 I agree. The Republicans are planning to balance the budget on the backs of the old and the middle class. Republicans think they can cut their way our of a recession. It's not possible. They need to get rid of the Bush tax cuts. Even Reagan had higher taxes. They think that the money will "trickle down" from the rich but instead it is flooding to the top. Middle class wages have been stagnant for decades while the rich got richer. Now there is not enough money left in the middle class to create the demand necessary to keep our economy going strong. Cutting middle class jobs (like teachers and police) just makes things worse. It reduces demand even further. The Obama jobs bill would have put people back to work and it would have all been fully paid for with a 5.6% tax on income over a million dollars. Currently the rich actually pay less percentage of their income than the middle class because they only pay 15% on capital gains and they have a lot of tax loopholes. GE paid $0 in taxes last year. Send a message to Congress to get their money from the rich, not the poor and middle class. We don't have any left to give. |
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Re: Share your fears about Social Security
posted at November 5, 2011 2:36 AM EDT
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Re: Share your fears about Social Security
posted at November 5, 2011 6:29 AM EDT
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Posts: 1
First: November 5, 2011 Last: November 5, 2011 |
In Response to Re: Share your fears about Social Security: Are they ever going to stop the freeze on SS. I am living on $40.00 a week after the bills are paid. thats not much for drugs food Gas for car and anything extra. D.L. Anderson Posted by dlittleones Well if things get any worse for you, maybe you can cut your internet bill, go to net zero.net and get internet service for $10.00 a month on dial-up. I will buy your computer from you, that might get you buy for another year. Or you might think about getting a job at wal-mart being a door person. F M |
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Re: Share your fears about Social Security
posted at November 5, 2011 6:45 AM EDT
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Posts: 23748
First: August 22, 2008 Last: May 14, 2013 |
In Response to Re: Share your fears about Social Security: I am new to receiving Social Security. ....I have been told that the Social Security recipients have NOT received even a cost of living increase for at least three years (as per local recipients). Is there a chance that this inequity of passing out increases will be addressed? And When? Jack V. Smith Posted by Powderhorn63 I began receiving SS the end of 2008, and we received a COLA for 2009. COLA was pretty flat in 2009, so no one received a gov. COLA for 2010, but because Seniors have other costs such as drugs, etc. that went up, the Administation sent us $250 which equated to a pretty nice COLA since the average SS check was just above $1100. For 2011 Congress said, 'no, if no one else gets a COLA, Seniors can't have one' so we got nothing for 2011. I've never found any credible source that said anyone else got a COLA. Yes, some who vore themselves raises have done so with our money. Other companies have also given their employees raises because of no COLA too, my daughter was working for one.
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Re: Share your fears about Social Security
posted at November 5, 2011 7:34 AM EDT
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Re: Share your fears about Social Security
posted at November 5, 2011 7:40 AM EDT
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First: November 5, 2011 Last: November 5, 2011 |
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Re: Share your fears about Social Security
posted at November 5, 2011 8:11 AM EDT
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Posts: 2
First: November 5, 2011 Last: November 5, 2011 |
In Response to Re: Share your fears about Social Security: [ Over the years the government has borrowed from the SS fund and used it for other things and has not to date paid it back. If they would pay back the funds they borrowed, maybe the fund wouldn't be in trouble today. I think this should be of major concern.. Note this fact: the government has never 'borrowed' nor 'stolen' money from the SS fund. The so-called Social Security Trust Fund is an accounting device, not a true fund. All FICA payments from salaries have always gone into the general fund. All payments to SS recipients also come from the general fund. See 'Social Security Trust Fund', on Wikipedia. Actually SS is not in trouble, it is funded fully for 25 more years, (I,e,, there is enough income to match the outgo), then the outgo will be more than the income. However, since it all comes from the general funds, the outgo could ostensibly be paid from revenue from other tax, if the politicians choose to do so. The reason for no increases in the past few years is that an accounting rule was made by Congress that derives the outgoing amounts from a measuremenet related to the Consumer Price Index. Obviously this comparison is not correct, considering that those items purchased by seniors are going up much higher than that. A more real 'trouble' with the SS system is that the Republicans want to privatize it, sending some/all the income to private investment companies. Those investment companies will make billions, with no guarantees that they will continue to meet their obligations for payments to deserving recipients. Hope this clarifies the situation. |
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Re: Share your fears about Social Security
posted at November 5, 2011 8:18 AM EDT
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Posts: 1
First: November 5, 2011 Last: November 5, 2011 |
I share "Get Real Quick"'s concern about what is ahead for seniors and those who are almost seniors in this country. From everything we have heard from the GOP, we are probably doomed if we live out a normal life span. I saved money out of every paycheck in addition to my SS contributions, all my adult life. I also used well known financilal advisors to help me invest the money for retirement. With three major recessions, I have lost a great deal of what was to supplement my SS. I can't imagine what the folks who only have SS coming in will do in the future. Unfortunately, our political leaders on the right (and some of the left) simply do not care. They just want to say what they think our population wants to hear at this point in time, in order to get in or stay in office. Life is difficult for a lot of people right now but SS needs to be saved. Our generation put the money in from every paycheck. We did our part. Oh yes, going private in the future? Well, it will almost guarantees there will be next to nothing left of your money when we retire. I know that from experience. The stock market is simply too volatile to count on for retirement. Right now we need a lot of good ideas to "feed" our representatives so they can make better choices in saving SS for us and future retirees. |