Money & Economics

[gwminor48]

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.

 

[tigerwillow1]

I hope my wife's SS will increase enough to cover the Medicare increase.

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]

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.

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]

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.

And that results in a NASTY real tax increase.

 

[bigredfish]

LOL

 

[bigredfish]

 

[bigredfish]

Oh boy

 

[David L]

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:

 

[gwminor48]

https://www.visualcapitalist.com/ranked-countries-with-the-most-government-debt-in-2025/