Analysts have said a big part of this is the result of inflation.
The Social Security Administration announced Thursday that benefits will increase 3.2% in 2024 for the country’s over 70 million recipients.
This will result in the average monthly check for a retired worker to rise to $1,907. That’s up $59 from $1,827 this year, according to Forbes.
Seniors can start receiving their social security benefits as early as 62, but are entitled to full benefits at the full retirement age of 66.
The agency stated that those on Social Security will receive the increased payments on Dec. 29.
Big whoop! Just a drop in the ocean of inflation!
I’m having to help my mother purchase basic needs because prices keep going
up and wages and social security security have stagnated!
Does the government truly think this will appease the masses!
The peasants will be revolting like in 1789 when the peasants rose up against the French aristocracy!
Food, Clothing, and and housing are now unaffordable!
Like Klaus Schwab said, you will own nothing, but you will be happy!
Like Marie Antoinette once said, let them eat cake! Well she didn’t mean cake like the desert, but Cake meaning the clay substance found in dirt!
The government has become our enemy and not our friend!
No matter how hard i work, or how much I save, it will never be enough to retire because they keep printing money, and inflation makes my life savings worthless!
Whoooopppppeeeeeeee! And Part B medicare is going up!
So you really get ZERO !!!! Even worse get a DECREASE !!!!
People that are on Social Security this is good news but if you’re on Medicare it will probably go up. So really it’s not a big help. This pos administration wants you to think they are doing something big. Americans wake up and vote these people out of office. Just trying to get your votes . I’m still voting for Trump in 2024.
MEDICARE prices are rising too
. So, those of 7s retired are still in the loss
NOT ENOUGH !!! We need a 300 % increase !!!!!
Peanuts from Pelosi are not Enough !!!! Triple what we get Now or shut the hell up !!!!!
Find anything in the goods and services you normally buy that has only gone up 3.2%. You won’t find much!
Bribem must not have been listening when Slick Willie said, “It’s the economy, stupid!”
It’s still the economy, stupid! Look at the cumulative rise in your market basket since January 2021.
Bidenomics is a cable tie on our nation’s loins, pulled tighter each month.
Crumbs as Pelosi says !!!! CRUMBS !!!!
My check will probably decrease. The raise doesn’t compensate for the raise in medicare, so I get less. It has happened to me before. This is not a good time to be getting less.