Trump's tariffs and GOP cuts wipe out seniors' small Social Security raise

[B.See]

From the department of, "If you can't dazzle em with brilliance..."

Trump’s tariffs and GOP cuts wipe out seniors’ small Social Security raise - Rawstory

The Social Security Administration on Friday announced a 2.8% cost-of-living adjustment for beneficiaries, a small increase that advocates said would be mostly or entirely offset by surging healthcare premiums and other price hikes fueled by ... Donald Trump’s erratic tariff policies and Republican legislation passed earlier this year.

The 2.8% raise—the second-smallest since 2021—will amount to just over $50 extra per month for the average Social Security recipient. The projected 11.6% increase in Medicare Part B premiums next year would wipe out around 40% of the COLA increase for seniors.

Nancy Altman, president of the progressive advocacy group Social Security Works, noted in a statement Friday that “the situation is even worse” for Social Security recipients who buy health insurance on the Affordable Care Act (ACA) marketplace because they are not yet eligible for Medicare. The federal government is currently shut down because congressional Republicans are refusing to extend ACA subsidies that are set to expire at the end of 2025, sending premiums soaring.

ACA premiums are projected to skyrocket next year, with those over 50 hit hardest,” Altman said. “For many of these beneficiaries, the COLA increase won’t come close to covering their increased healthcare premiums.”

Hey, are we GREAT AGAIN YET???

[niyad]

1. Since a number of recipients I know get a paltry 1,000/month, or less,

they will be getting $28 or less, which means that medicaid raise eats up 57% or more of that pathetic, insulting "raise". I do not know what figures the bean counters were looking at, but my grocery bills, my utility bills, my rent, have gone up WAYYYYYYYY THE FUCK MORE than 2.8%.

[littlemissmartypants]

2. It's MAGA Math! 🤪🤪🤪