Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
18 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

Shermann

(7,439 posts)
1. The COLA increase is lateral at best
Sat Feb 17, 2024, 10:23 AM
Feb 17

In reality it doesn't keep up with the average inflation felt by seniors. A better index to use would be the R-CPI-E (Consumer Price Index for Americans 62 years of age and older).

MichMan

(11,972 posts)
10. Yet, we have frequent posts about how inflation isnt a problem because everyone got big income increases
Sat Feb 17, 2024, 11:57 AM
Feb 17

Shermann

(7,439 posts)
12. Inflation indexes can be misleading
Sat Feb 17, 2024, 12:07 PM
Feb 17

In some ways these indexes are good indicators of things like credit card rates that affect everybody equally. But with consumer prices, these indexes average out a large basket of different items. One may have exposure to one outlier like a prescription drug that is way above the average.

Also, those on fixed incomes may not benefit as much from falling inflation. If their income hasn't been adjusting for inflation, back-to-back high inflation years will take a bite out that they never get back.

One of the few winners is the fixed-rate loan borrower.

Bmoboy

(273 posts)
4. It's cheaper if old folks die
Sat Feb 17, 2024, 10:49 AM
Feb 17

A doctor once said smoking causes enough early deaths to keep Social Security and Medicare solvent..

Providing adequate affordable healthcare keeps people alive longer and costs money.

CrispyQ

(36,518 posts)
7. A common goal is to live as long as you can but we punish those who do.
Sat Feb 17, 2024, 11:04 AM
Feb 17

Same with the way a lot of people treat old people, like they should move on & get out of the way. Were we always this way or did our consumerist, throw-away culture make it worse?

DFW

(54,437 posts)
17. It was long a standing joke here in Germany and over in France
Sun Feb 18, 2024, 04:27 AM
Feb 18

Both governments took so long to enact laws to protect non-smokers and discourage young people from starting for one simple reason: smokers as a statistical group died off much earlier than non-smokers, and thus were much less of a burden on the country’s health services. Lots of French and Germans dying of smoking-related diseases in their fifties and sixties meant the government had an easier time paying for treatment for the survivors. There were no protections for non-smokers at all here thirty years ago. Planes stank. Trains stank. Restaurants stank. Some cafés were so full of smoke, I called them “Café Auschwitz,” not giving a damn about the dirty looks I got. I couldn’t take my children there, and they didn’t want to go.

Friends who couldn’t or wouldn’t shake nicotine addiction would always mention that one relative or acquaintance who smoked 14,000 cigarettes a year (2 packs a day), and lived to the age of 98. We would always come back with the one guy who could walk across the Autobahn at rush hour blindfolded and not get a scratch—unlike the other thousand people who tried it and became instant roadkill.

My wife was the rare German who never smoked. Many of her friends did but have quit. Her parents’ generation all smoked except for her mom. Her mom, now 96, is the only one still alive, and the government isn’t even paying for most of her current care. I am. A health minister here is a bureaucrat. Bureaucrats hate complications. A population costing more in health care than is in the country’s health care budget is a complication. Their life is made easier when a good portion of their population dies early.

dutch777

(3,035 posts)
8. And stop taxing SS benefits as well unless household income is above a certain level. Give and then take away. Dumb!
Sat Feb 17, 2024, 11:05 AM
Feb 17

Igel

(35,357 posts)
16. They pretty much do.
Sun Feb 18, 2024, 03:34 AM
Feb 18

Because the US federal income tax system is progressive. Not as progressive as some would like, but more than others want. It's an unstable compromise.

Biophilic

(3,691 posts)
11. Noticed that did you?
Sat Feb 17, 2024, 11:58 AM
Feb 17

Ticks me off every time, even though I know it’s going to happen. So, yeah, every year a little deeper in the hole.

mitch96

(13,924 posts)
14. Funny how that works, eh? follow the money. It seems the COLA increase helps pay for the M'care increase.
Sat Feb 17, 2024, 01:10 PM
Feb 17

Or in other words a pass thru to the medical industrial complex as I see it...
m

Latest Discussions»General Discussion»Why is it that every time...