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The Water Cooler
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<blockquote data-quote="ConstitutionCowboy" data-source="post: 3734984" data-attributes="member: 745"><p>People relying solely on SS have it bad. Those COLA raises are calculated far behind the times. In these days of high inflation, it is catastrophic what those uncompensated-for-the-times increases does to their buying power. </p><p></p><p>The wife and I have experienced the drastic decreases in buying power with this inflation compounded by our decreasing income/buying power due to the diminishing effects of those behind-the-times COLA raises. We lose yearly, but during these high inflation times, it is more than significant, and there is no remedy of compensation built in to the Social Security system to maintain the buying power that each and every one on Social Security paid for. </p><p></p><p>Woody</p></blockquote><p></p>
[QUOTE="ConstitutionCowboy, post: 3734984, member: 745"] People relying solely on SS have it bad. Those COLA raises are calculated far behind the times. In these days of high inflation, it is catastrophic what those uncompensated-for-the-times increases does to their buying power. The wife and I have experienced the drastic decreases in buying power with this inflation compounded by our decreasing income/buying power due to the diminishing effects of those behind-the-times COLA raises. We lose yearly, but during these high inflation times, it is more than significant, and there is no remedy of compensation built in to the Social Security system to maintain the buying power that each and every one on Social Security paid for. Woody [/QUOTE]
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