WASHINGTON – Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009, the government announced Wednesday. The increase, which starts in January, is tied to a measure of inflation released Wednesday morning. About 8 million people who receive Supplemental Security Income will also receive the 3.6 percent cost-of-living adjustment, or COLA, meaning the announcement will affect about one in five U.S. residents.
I'm so happy for everyone collecting social security, really, I'm glad you're getting a raise, kudos to the government, you guys deserve it. Don't worry about me, I don't mind funding this increase, more than happy to do it. Sure my private sector COLA this year will probably be like a 1-2% raise (if we even get one), but it doesn't bother me at all that tax payer funded income is raising by more than the actual tax payers income. Not one bit.
And no, it doesn't bother me knowing that Social Security probably won't exist by the time I'm at retirement age, I'll just happily keep paying in, supporting baby boomers and having less money to save for my own future, which ensures that I'll need social security, at least as a form of supplemental income, except, again, it won't exist at that point...because it'll be broke.
