#906155 added March 6, 2017 at 11:36am Restrictions: None
~~No Cost of Living Increase?~~
The Social Security Administration announced the following in December of 2015:
Since there was no cost of living increase in 2015, your benefits will stay the same in 2016.
In October of 2016, they announced that there would be a 0.3 increase in 2017!!
WOW!! That means I get $4.95 more per month. Let's see... Should I use it to pay the $20.00 increase per month in my medical insurance premium or the $50.00 increase per year on my Homeowners Association dues or the $20.00 increase per month in my water bill? Maybe I could buy two extra loaves of bread or two gallons of gasoline!! I'm just so excited!! I don't know what to spend all that extra money on!!!
Oh wait... Medicare premiums increased and took that whopping $4.95 anyway, so... I'm right back where I started two years ago. But that's okay because there has been no cost of living increase, right?
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