NeedToUseYou -> RE: Senate rejects $250 checks for elderly (3/5/2010 5:35:44 AM)
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ORIGINAL: eyesopened quote:
ORIGINAL: NeedToUseYou I really don't see why the elderly would be more effected in the downturn, seeing they draw Social Security, and presumably retired, they aren't exactly getting laid off. Personally, I don't support this at all. From your article. Social Security payments for the elderly and disabled will stay flat this year for the first time since 1975 because they are tied to consumer prices, which decreased amid the worst economic recession in 70 years. That follows a year in which payments rose by 5.8 percent, largely due to a spike in gasoline prices. If you really, and I mean really talk to anyone on SS about their pay increases, you will see that the Medicare premiums rose also. Coincidently the SS pay increase equals the Medicare Part B premium increases so that there is no increase in spending power, even when prices increased. It is sad. Isn't that happening to the non-retired as well? As in you get a .50 cent pay increase but the health care premiums are rising faster than wage increases, and the general rate of inflation, eating the pay increase. My point isn't that those on SSI are doing great, my point is they aren't suffering more than others.
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