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The Water Cooler
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Inflation Watch
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<blockquote data-quote="ConstitutionCowboy" data-source="post: 3658774" data-attributes="member: 745"><p>Spot on. All of it.</p><p></p><p>Want to know what is worse for us on SS? Our COLA is based on inflation that has already occurred. We've already suffered with the inflation <strong><em>before</em></strong> the "adjustment." Even worse, if the rate of inflation continues to rise AFTER the third quarter, the adjustment lags even further. I think there is a need for a compensation payment for the loss of buying power for retirees each year in addition to the COLA. We paid for it all our working years. Which ever party passes such legislation will secure a large voting block- large enough to retain a majority until SS is done away with.</p><p></p><p>I'm tired of it. How about the rest of you?</p><p></p><p>Woody</p></blockquote><p></p>
[QUOTE="ConstitutionCowboy, post: 3658774, member: 745"] Spot on. All of it. Want to know what is worse for us on SS? Our COLA is based on inflation that has already occurred. We've already suffered with the inflation [B][I]before[/I][/B] the "adjustment." Even worse, if the rate of inflation continues to rise AFTER the third quarter, the adjustment lags even further. I think there is a need for a compensation payment for the loss of buying power for retirees each year in addition to the COLA. We paid for it all our working years. Which ever party passes such legislation will secure a large voting block- large enough to retain a majority until SS is done away with. I'm tired of it. How about the rest of you? Woody [/QUOTE]
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