I see where Social Security cola will be 2.8% for 2026. The real kicker is Medicare deduction will increase from $185 to $206.50 (11.6%). I hope my wife's SS will increase enough to cover the Medicare increase. And the annual deductible for part B is expected to rise from $257 to $288.
Money & Economics
- Thread starter bigredfish
- Start date
The other dirty detail is that the COLA pushes all the recipients closer to that taxation on 85% of the SS benefit. On a long enough timeline all recipients will be pushed into the 85% level that has never been indexed for inflation.
StevenFromTexas
Getting comfortable
Social Security payouts should not be taxed at all and they should be increased by the real inflation rate which is probably well north of 8%.
StevenFromTexas
Getting comfortable
And that results in a NASTY real tax increase.
I see Gas prices are coming down, saw $2.25 at an Exxon heading to work tonight. Got this on the way home...
A pic I took on the way to work:
A pic I took on the way to work:
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While listing the debt of the different countries is interesting, I don't think it has any meaning beyond that. There must be a stat that means something, like debt per citizen, debt compared to GDP, or compared to the size of the economy, or whatever. Would the US look so bad (relatively) with a stat that means something? Also, without Russia on that list, it feels rather incomplete to me. Aside from that, I agree with the living on borrowed time statement.