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Thread: Social Security COLA increase 1.3% in 2021

  1. #1
    Distinguished Community Member agate's Avatar
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    Default Social Security COLA increase 1.3% in 2021

    Social Security has announced that for 2021 there will be a COLA increase of 1.3%, a bit less than the 2020 increase.
    MS, diagnosed 1980. Avonex 2001-2004. Copaxone 2006-2009.

    "Always put off until tomorrow whatever you think you should do today." --Anonymous



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    Distinguished Community Member Earth Mother 2 Angels's Avatar
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    ((((((Hugs to All)))))) ~

    agate ~

    Thank you for this information. A 1.3% increase? Wow! Now I can buy that yacht I've been wanting!

    So has the cost of living gone down this year due to COVID, which is why we get less for 2021?

    Oh, well, beggars can't be choosers, eh? Shaking my head ...

    Love & Light,



    Rose

    *Virtual Hugs Are Germ-Free!
    Mom to Jon, 49, and Michael, 32, who were born with an undiagnosed progressive neuromuscular disease and courageous spirits. Our Angel Michael received his wings in 2003. Our Angel Jon received his wings April 2019. April 2020, Jim, the world's most wonderful Dad, joined them. Now, they all watch over me.

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    Distinguished Community Member Howie's Avatar
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    Rose, I'll go in half with you on that yacht. We can probably even put some gas in it!
    "Given the millions of billions of Earth-like planets, life elsewhere in the Universe without a doubt, does exist."

    Albert Einstein

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    Thanks Agate, they must not include groceries.
    Virginia

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    Distinguished Community Member agate's Avatar
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    Those who get along on Social Security with no other source of income and have a chronic condition where that's how they live for many years are up a creek because the COLAS don't seem to keep up with the rising costs of just about everything. For many goods and services, as time has passed, we're paying more and getting less for our money.

    Internet service comes to mind.
    MS, diagnosed 1980. Avonex 2001-2004. Copaxone 2006-2009.

    "Always put off until tomorrow whatever you think you should do today." --Anonymous



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    When I worked for the federal government we got pay adjustments based on the cost of living where we lived. Seattle and Boston would get more than Boise, for instance.

    It would be good if SS worked that way.
    ANN
    Last edited by stillstANNding; 10-15-2020 at 06:01 AM.
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    ((((((Hugs to All)))))) ~

    Howie ~

    You got a deal! I'll throw in a bottle of cheap champagne for its christening!

    Virginia, agate, and ANN ~

    If billionaires and corporations paid their fair share, things might be more equitable and humane. We work all of our lives, pay our taxes, and when we retire, or become disabled, we are paupers begging for a decent increase each year from a system designed to "serve" us.

    Even the name is misleading: Social Security.

    Stay the course everyone and pray for change coming soon.

    Love & Light,



    Rose

    *Virtual Hugs Are Germ-Free!
    Mom to Jon, 49, and Michael, 32, who were born with an undiagnosed progressive neuromuscular disease and courageous spirits. Our Angel Michael received his wings in 2003. Our Angel Jon received his wings April 2019. April 2020, Jim, the world's most wonderful Dad, joined them. Now, they all watch over me.

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