Posts Tagged ‘Inflation’
Conservative Challenge of the Day #14: Which President made social security benefits increase with inflation?
Step up your Game asked:
Which U.S. President pushed social security benefits to increase based upon inflation automatically rather than based upon legislation increasing the benefits?
Which U.S. President pushed social security benefits to increase based upon inflation automatically rather than based upon legislation increasing the benefits?
Thank you for participating in Conservative Challenge of the Day. I admit they are cherry picked. But just questions I come across while learning more about this great country. Past couple of days, got a lot of people avoiding the question, so extra-challenge to Conservatives today to actually answer the question.
Thanks for the “answer” Rick.
Social Security Benefits
How do you understand a Social Security Benefits estimate letter from government?
rrsafety asked:
I am 42 years old and just got my yearly benefits estimate from Social Security. They estimate my benefit to be about $2000 a month when I retire… is that factoring in inflation or not, or should I assume that amount is likely to grow 2-3% higher per year over the next 23 years.
Also, if my spouse is also eligible for benefits, do we just add our two estimated benefits together or do they reduce one of them when both spouses are receiving benefits?
Gregory
I am 42 years old and just got my yearly benefits estimate from Social Security. They estimate my benefit to be about $2000 a month when I retire… is that factoring in inflation or not, or should I assume that amount is likely to grow 2-3% higher per year over the next 23 years.
Also, if my spouse is also eligible for benefits, do we just add our two estimated benefits together or do they reduce one of them when both spouses are receiving benefits?
Gregory
