I just saw where the '23 COLA for SS recipients was adjusted down from last

[sprinkleeninow]

tentative percentage bc inflation number was not as high as expected???

So whut? We have inflation? We don't have serious inflation?

The Fed monetary policy from the stone age is wrecking our economy that didn't seem all that bad. Better not screw up the November vote for us.

[GP6971]

1. Last I saw was

8.6 to 8.7% and as low as 8.3%.

What are you seeing?

[Fiendish Thingy]

3. In August, some sources were projecting as much as 9.1%

Anything over 8% is still record setting AFAIK.

[sprinkleeninow]

5. Yes, up in the low 9% range.

They project then people's hopes get deflated.

[sprinkleeninow]

4. Do you mean the COLA or inflation?

[sprinkleeninow]

7. Is this a fabrication? (I bolded the part that irks me.)

"The record 2023 Social Security benefits increase could be lower than previously expected as inflation eases, according to a new forecast from The Senior Citizens League."

Tell the "easing of inflation" to the DJIA, the mortgage seekers, the car buyers, etc.

[ShazzieB]

13. Yes, tell the "easing of inflation" to my grocery bill!

Everything is as much more expensive as ever, from what I can see. 🙁

[sprinkleeninow]

14. I venture to say the Federal Reserve is talking malarkey.

[brush]

2. What number have you seen?

[sprinkleeninow]

6. I hesitated to post link bc it's frix business news:

Social Security benefits forecast revised for 2023 as inflation eases | Fox Business
https://www.foxbusiness.com/personal-finance/social-security-2023-benefits-forecast-inflation

[I_UndergroundPanther]

8. Raise ssi

Than food stamp money gets cut. So basically we live on the same meager check. Nothing really changes. We need to be off that damn chained cpi.

[sprinkleeninow]

9. u r correct regarding the CPI.

[sprinkleeninow]

10. I remember one year the COLA sucked bc the 'experts' determined there was little to no inflation.

I think they're inflated.

[I_UndergroundPanther]

11. What makes these penny pinching

Experts and gatekeepers?
Fuck them.

[sprinkleeninow]

12. I feel the power goes to their head. They have the ability to dictate.

They need to be re-schooled.

Liz Warren was on the other night and she was critical of this Fed monetary policy (which they can't seem to keep their hands off) concerning so-called inflation.

Fix the supply chain snags, fix COVID, fix corporations with $$ signs in their eyes that supply food and necessities, and like that. Not keep jacking up the interest rate. Yah, they're jacking up and we're getting jacked. Anyone can see these numbers thrown around out there do not match.