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Social Security COLA to drop significantly in 2024, senior group predicts
The Hill ^ | 05/14/2023 | MICHAEL BARTIROMO

Posted on 05/14/2023 8:35:20 AM PDT by ChicagoConservative27

(NEXSTAR) – Social Security recipients shouldn’t expect 2024’s cost-of-living adjustment (COLA) to be as significant as 2023’s, despite warnings that beneficiaries are losing their purchasing power.

“The 2024 COLA could be around 3.1%,” Mary Johnson, the Social Security and Medicare policy analyst for the Senior Citizens League, said in a news release issued last week.

(Excerpt) Read more at thehill.com ...


TOPICS: Culture/Society; Government; News/Current Events; Your Opinion/Questions
KEYWORDS: 2024; cola; senior; socialsecurity
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It's broke...
1 posted on 05/14/2023 8:35:20 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

SS: $24,000 on average.
Illegal Aliens today: $65,000.


2 posted on 05/14/2023 8:36:48 AM PDT by CodeToad (No Arm up! They have!)
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To: ChicagoConservative27

The country is overloaded with illegals and they will eat up every last dime.

We can’t take care of our own and all the invaders. Displacing Americans from their homes is next.

America is a dead man walking.


3 posted on 05/14/2023 8:38:40 AM PDT by dforest
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To: ChicagoConservative27

“The 2024 COLA could be around 3.1%,”

Gotta have enough $$ to give minority groups for the ‘reparations’


4 posted on 05/14/2023 8:41:18 AM PDT by Bob434 (question )
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To: ChicagoConservative27

So now it’s FJB pushing Grandma over the cliff from her wheelchair? Can that campaign video be redone with FJB doing the pushing?


5 posted on 05/14/2023 8:41:23 AM PDT by jeffc (Resident of the free State of Florida)
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To: ChicagoConservative27

Well, the illegals need it don’t you know.


6 posted on 05/14/2023 8:43:13 AM PDT by Hattie
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To: CodeToad

do you have a breakdown on the illegal figure? I’ll post it to my about page- always looking for stats liek that- Decades ago- illegals soaked our system for about $45,000 per year per person as many took every ‘free’ perk they could get- so the $60,000 seems about right for keeping up the trend-


7 posted on 05/14/2023 8:43:31 AM PDT by Bob434 (question )
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To: dforest

[[Displacing Americans from their homes is next.]]

They are already displacing the homeless vets who were put up in hotels, to make room for more illegals


8 posted on 05/14/2023 8:44:30 AM PDT by Bob434 (question )
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To: jeffc

maybe done depicting pushing homeless Vets over the cliff- because that is what the left are now doing to make room for more illegals


9 posted on 05/14/2023 8:45:50 AM PDT by Bob434 (question )
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To: ChicagoConservative27

Screw legitimate American citizens, we need to give hundreds of billions more in foreign aid, to Ukraine on whatever the latest war adventure the professional career lawyer politicians come up with.


10 posted on 05/14/2023 8:45:57 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: ChicagoConservative27

My home owners insurance as tripled in past three years, my property taxes has almost doubled, car insurance has doubled. Welcome to FLORIDA! and I have had to cut way back on items that I once thought was simple.


11 posted on 05/14/2023 8:51:47 AM PDT by devane617 (Discipline Is Reliable, Motivation Is Fleeting..)
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To: Bob434

It’s been posted here. The federal courts ruled that they even get all medical programs provided by the States and funded by the feds as well.


12 posted on 05/14/2023 8:51:55 AM PDT by CodeToad (No Arm up! They have!)
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To: dforest

> The country is overloaded with illegals and they will eat up every last dime. <

It would be bad enough if the country was running a huge surplus, and had money to spare. But we are of course a debtor nation. Bad times are ahead.

> Displacing Americans from their homes is next. <

Back in 2011 Nevada police commandeered some guy’s house. The cops wanted to use his house to watch some other house. The guy sued, claiming it was a Third Amendment violation.

The guy lost. The courts said the 3A only prohibited the quartering of soldiers in private homes. It did not apply to the police. And I guess not to illegals, either.


13 posted on 05/14/2023 8:57:05 AM PDT by Leaning Right (The steal is real.)
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To: ChicagoConservative27

They’re not broke.What they should do is distribute COLA dollar for dollar equally among the whole instead of a percentage of what you receive.


14 posted on 05/14/2023 8:58:32 AM PDT by Sacajaweau ( )
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To: ChicagoConservative27

Much like the scamdemic, inflation is over and no longer a problem. Right? Hello?! Bueller?


15 posted on 05/14/2023 9:06:31 AM PDT by rktman (Destroy America from within? Check! WTH? Enlisted USN 1967 to end up with this💩? 🚫💉)
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To: ChicagoConservative27

When you steal the vote, does it matter what the seniors vote for anymore ?


16 posted on 05/14/2023 9:07:11 AM PDT by George from New England
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To: ChicagoConservative27

I expect that the demise of Title 42 is going to bring a massive increase in the number Social Security and Medicare recipients. Those “asylum seekers” have found their asylum and are coming here for more than “asylum”. It’s all about the money.


17 posted on 05/14/2023 9:11:28 AM PDT by FlingWingFlyer (Since O'Bama was ruling the roost, America has gone from melting pot to septic tank of the world.)
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To: ChicagoConservative27

SS payment amounts seem to be the only place the federal government shows restraint.


18 posted on 05/14/2023 9:30:04 AM PDT by ansel12 (NATO warrior under Reagan, and RA under Nixon, bemoaning the pro-Russians from Vietnam to Ukraine.)
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To: ChicagoConservative27
It is time for CONgress to pay back the trillions of dollars that they have pilfered form SS.
19 posted on 05/14/2023 9:40:30 AM PDT by mountainlion (Live well those that did not make it back.)
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To: ChicagoConservative27

most of the gain will probably go to Medicare premium.


20 posted on 05/14/2023 9:40:40 AM PDT by Rusty0604 (Desperately looking for new conspiracy theories as all the old ones have come truep)
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