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sprinkleeninow

(20,559 posts) Fri Sep 23, 2022, 10:13 PM Sep 2022

I just saw where the '23 COLA for SS recipients was adjusted down from last

tentative percentage bc inflation number was not as high as expected???

So whut? We have inflation? We don't have serious inflation?

The Fed monetary policy from the stone age is wrecking our economy that didn't seem all that bad. Better not screw up the November vote for us.

14 replies

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I just saw where the '23 COLA for SS recipients was adjusted down from last (Original Post) sprinkleeninow Sep 2022 OP

Last I saw was GP6971 Sep 2022 #1

In August, some sources were projecting as much as 9.1% Fiendish Thingy Sep 2022 #3

Yes, up in the low 9% range. sprinkleeninow Sep 2022 #5

Do you mean the COLA or inflation? sprinkleeninow Sep 2022 #4

Is this a fabrication? (I bolded the part that irks me.) sprinkleeninow Sep 2022 #7

Yes, tell the "easing of inflation" to my grocery bill! ShazzieB Sep 2022 #13

I venture to say the Federal Reserve is talking malarkey. sprinkleeninow Sep 2022 #14

What number have you seen? brush Sep 2022 #2

I hesitated to post link bc it's frix business news: sprinkleeninow Sep 2022 #6

Raise ssi I_UndergroundPanther Sep 2022 #8

u r correct regarding the CPI. sprinkleeninow Sep 2022 #9

I remember one year the COLA sucked bc the 'experts' determined there was little to no inflation. sprinkleeninow Sep 2022 #10

What makes these penny pinching I_UndergroundPanther Sep 2022 #11

I feel the power goes to their head. They have the ability to dictate. sprinkleeninow Sep 2022 #12

GP6971

(33,280 posts)

1. Last I saw was

Reply to sprinkleeninow (Original post)

Fri Sep 23, 2022, 10:18 PM

Sep 2022

8.6 to 8.7% and as low as 8.3%.

What are you seeing?

Fiendish Thingy

(18,662 posts)

3. In August, some sources were projecting as much as 9.1%

Reply to GP6971 (Reply #1)

Fri Sep 23, 2022, 10:57 PM

Sep 2022

Anything over 8% is still record setting AFAIK.

sprinkleeninow

(20,559 posts)

5. Yes, up in the low 9% range.

Reply to Fiendish Thingy (Reply #3)

Fri Sep 23, 2022, 11:47 PM

Sep 2022

They project then people's hopes get deflated.

sprinkleeninow

(20,559 posts)

4. Do you mean the COLA or inflation?

Reply to GP6971 (Reply #1)

Fri Sep 23, 2022, 11:46 PM

Sep 2022

sprinkleeninow

(20,559 posts)

7. Is this a fabrication? (I bolded the part that irks me.)

Reply to GP6971 (Reply #1)

Fri Sep 23, 2022, 11:56 PM

Sep 2022

"The record 2023 Social Security benefits increase could be lower than previously expected as inflation eases, according to a new forecast from The Senior Citizens League."

Tell the "easing of inflation" to the DJIA, the mortgage seekers, the car buyers, etc.

ShazzieB

(18,845 posts)

13. Yes, tell the "easing of inflation" to my grocery bill!

Reply to sprinkleeninow (Reply #7)

Sat Sep 24, 2022, 01:30 AM

Sep 2022

Everything is as much more expensive as ever, from what I can see. 🙁

sprinkleeninow

(20,559 posts)

14. I venture to say the Federal Reserve is talking malarkey.

Reply to ShazzieB (Reply #13)

Sat Sep 24, 2022, 01:41 AM

Sep 2022

brush

(57,926 posts)

2. What number have you seen?

Reply to sprinkleeninow (Original post)

Fri Sep 23, 2022, 10:26 PM

Sep 2022

sprinkleeninow

(20,559 posts)

6. I hesitated to post link bc it's frix business news:

Reply to brush (Reply #2)

Fri Sep 23, 2022, 11:51 PM

Sep 2022

Social Security benefits forecast revised for 2023 as inflation eases | Fox Business
https://www.foxbusiness.com/personal-finance/social-security-2023-benefits-forecast-inflation

I_UndergroundPanther

(12,952 posts)

8. Raise ssi

Reply to sprinkleeninow (Original post)

Fri Sep 23, 2022, 11:56 PM

Sep 2022

Than food stamp money gets cut. So basically we live on the same meager check. Nothing really changes. We need to be off that damn chained cpi.

sprinkleeninow

(20,559 posts)

9. u r correct regarding the CPI.

Reply to I_UndergroundPanther (Reply #8)

Sat Sep 24, 2022, 12:00 AM

Sep 2022

sprinkleeninow

(20,559 posts)

10. I remember one year the COLA sucked bc the 'experts' determined there was little to no inflation.

Reply to I_UndergroundPanther (Reply #8)

Sat Sep 24, 2022, 12:02 AM

Sep 2022

I think they're inflated.

I_UndergroundPanther

(12,952 posts)

11. What makes these penny pinching

Reply to sprinkleeninow (Reply #10)

Sat Sep 24, 2022, 12:28 AM

Sep 2022

Experts and gatekeepers?
Fuck them.

sprinkleeninow

(20,559 posts)

12. I feel the power goes to their head. They have the ability to dictate.

Reply to I_UndergroundPanther (Reply #11)

Sat Sep 24, 2022, 01:20 AM

Sep 2022

They need to be re-schooled.

Liz Warren was on the other night and she was critical of this Fed monetary policy (which they can't seem to keep their hands off) concerning so-called inflation.

Fix the supply chain snags, fix COVID, fix corporations with $$ signs in their eyes that supply food and necessities, and like that. Not keep jacking up the interest rate. Yah, they're jacking up and we're getting jacked. Anyone can see these numbers thrown around out there do not match.

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