Social Security cost-of-living adjustment will raise benefits 2.8% in 2019

[left-of-center2012]

Social Security cost-of-living adjustment will raise benefits 2.8% in 2019

... this is the highest annual raise that beneficiaries have received in seven years. It amounts to $39 a month for the average retired worker, according to estimates released Thursday by the Social Security Administration.

According to a report from The Senior Citizens League, the purchasing power of Social Security dollars has declined by an almost jaw-dropping 34 percent since 2000. Put another way, what $100 worth of Social Security benefits could buy 18 years ago can now only buy $66 worth of those same goods. Inflation (i.e., the rising price of goods and services) has eaten the rest.

In other words, seniors should definitely relish the fact that they're on track to receive their biggest COLA since 2012, but they're not going to gain any ground they've lost due to inflation since 2000.

https://www.usatoday.com/story/money/personalfinance/retirement/2018/10/11/cola-social-security-benefits-estimate-2019/38121347/

[Totally Tunsie]

1. Yeah, and the Medicare deduction will probably increase by $40,

therefore, YOU LOSE!