somone posted about a ss cola and how prices go up before hand?

[AllaN01Bear]

true to form , my federaly owned apartment complex base rent went up. this has got to stop. the increases in prices make the cola useless.

[Champp]

1. It's almost automatic. When SS goes up, so do rents for seniors

Great strategy for keeping folks poor.

[Shermann]

2. SS COLA is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)

That index isn't going to outpace real-world inflation, the best you can hope for is that it keeps pace with it.

Some feel the Consumer Price Index for the elderly (CPI-E) would be a more fitting index to use for SS Retirement Insurance Benefits.

https://www.bls.gov/opub/ted/2012/ted_20120302.htm

They have a good point.

[jimfields33]

3. That 6.1 percent SS COLA will probably end up in the Medicare premium

Ugh!

[MineralMan]

4. Some of it will, certainly.

As SS and Medicare recipients, my wife and I expect that. Still, we still need medical coverage, don't we, and those costs are going up, too. So, maybe it makes sense?

[WarGamer]

5. Unfortunately... this is the way of the world

I predicted that if EVERYONE was given $1000 Basic Income guess what would happen?