Social Security checks to rise 3.6%
October 19th, 2011
09:26 AM ET
3 years ago

Social Security checks to rise 3.6%

New York (CNNMoney) – Senior citizens will soon get their first raise in three years, the government announced Wednesday.

Social Security recipients will receive a cost of living adjustment of 3.6% starting in January.

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Filed under: CNNMoney.com • Social Security
soundoff (17 Responses)
  1. vic , nashville ,tn

    Some seniors got this news yesterday they were happy real good news

    October 19, 2011 09:31 am at 9:31 am |
  2. SiriusVH

    I guess, Ryan and Cantor are going to have a heart attack! Maybe they will come up with new cuts in Medicare to compensate for that increase in SS benefits.

    October 19, 2011 09:41 am at 9:41 am |
  3. gary

    It will be interesting to see how much Prescription Part B will increase to insure that we seniors do not get the entire benefit of the 3.6 %.

    October 19, 2011 09:59 am at 9:59 am |
  4. Four and The Door

    SiriusVH
    I guess, Ryan and Cantor are going to have a heart attack! Maybe they will come up with new cuts in Medicare to compensate for that increase in SS benefits.
    ____________________________________________________________________________________________
    When in reality Ryan is the first one stepping forward to SAVE Medicare from financially imploding on itself as the Democrats just stand back and watch. Their answer? Well they haven't gotten to it yet. His answer? Change the structure so that the cost goes down and the quality goes up. His plan will work. It the the best hope for generations of Americans that Medicare will be there when they need it. It is that important. At least to the Republicans.

    October 19, 2011 10:09 am at 10:09 am |
  5. Portland tony

    Wait a minute folks, the feds both give and take away. I understand that a senior's health insurance Medicare premiums will be rising along with supplemental insurance that a senior must buy because there's no primary care doctor who will accept Medicare. So my friends down at the senior center are not real excited about a raise!

    October 19, 2011 10:28 am at 10:28 am |
  6. HunterPSU

    I want my raise.. I have been retired for years and I deserve a raise.. I dont care if the workers that have to pay for my raise that I deserve for working so hard in retirement dont get raises for working but actually have to pay more into social security to pay for my raise...that is fair. I am retired and I deserve this...come on America wake up. A 5.6% raise in 2009 and now another raise in 2011? How many workers are getting raises like that? does this make sense to anyone besides the politicians trying to buy seniors votes? I say no more raises until we get the economy going again. With unemployment at 9.1% and other worker getting nothing in raises...sorry seniors..enough is enough.

    October 19, 2011 10:31 am at 10:31 am |
  7. Rudy NYC

    Four wrote:
    Their answer? Well they haven't gotten to it yet. His answer? Change the structure so that the cost goes down and the quality goes up. His plan will work.
    ---------------–
    The Ryan Plan for Medicare is to destroy it. It does not address the actual cost of providing care at all. It is simply a giant give away to private health care insurers to provide them with millions of new customers, which they can selectively choose to pick up or drop according to the whims of the private death panels.

    The cost of actual health care is high because so many people are "health care shoplifters." They obtain free care, have no insurance, and so the costs to those who do pay goes up. Just like at a store where the prices of everything increases due to merchandise loss through shoplifting.

    The Ryan Plan does nothing to address the fundamental issue of people without care. It simply adds a layer of middlemen to the revenue stream coming out of the Medicare fund to the actual health care providers. That layer will be chocked full of people out ot make 6 or 7 figure salaries at taxpayer expenese. Currently we have federal employees making 5 figure salaries. The Ryan Plan provides less, drives up the cost of actual care, and drives up the cost to the Medicare fund by creating an entire industry of insurance middle men. In short, it sucks.

    October 19, 2011 10:51 am at 10:51 am |
  8. Rudy NYC

    HunterPSU wrote:
    I say no more raises until we get the economy going again. With unemployment at 9.1% and other worker getting nothing in raises...sorry seniors..enough is enough.
    ----------------
    But, tax cuts to corporations (who have trillions of dollars of cash on hand all of sudden following their bailouts) is okay, and a perfectly legitimate reason to add more to the annual deficit, and ultimately the national debt. That makes perfect sense.

    October 19, 2011 10:55 am at 10:55 am |
  9. Dominican mama 4 Obama

    When in reality Ryan is the first one stepping forward to SAVE Medicare blah blah blah blah.......................
    -------------------------------------------------
    BWAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!
    You've GOT to be kidding right?
    Do you really believe the stuff you post? You're the ONLY one that does!!
    BWAHAHAHAHAHAHA!!!!!

    October 19, 2011 11:07 am at 11:07 am |
  10. Rick McDaniel

    They give it with the right hand, then take it back with Medicare increases, with the left hand.

    ObamaCare will force seniors into paying for health care privately, despite having paid all those taxes for health care, all our working lives.

    October 19, 2011 11:14 am at 11:14 am |
  11. Rudy NYC

    Rick McDaniel wrote:
    ObamaCare will force seniors into paying for health care privately, despite having paid all those taxes for health care, all our working lives.
    -------------–
    How do you figure that? Oh, oh, I see. You have ObamaCare mixed up with the Affordable Care Act. You're right. ObamaCare does that. The Affordable Care Act provides a regulated insurance pool that *must* provide coverage. The Ryan Plan simply throws those same seniors to an entirely new private insurance industry, that the Ryan Plan creates, with a voucher check in their hand.

    October 19, 2011 11:33 am at 11:33 am |
  12. HunterPSU

    We are swimming in debt. B.O.'s home state of IL ...every house hold owes a debt of $42,000 .....of course the above average income will pay fo rmost if not all of it as the poor are sucking up the money and not contributing. So now lets raise the cost of social secuirty to pay more to seniors that are already sucking more out of the economy than they ever contributed...all the time thinking they are getting what they paid in..>>>Raise taxes on workers that are getting no raises to give raises to to retired that are not working..makes no sense....The debt is mounting and the gov does not know how to day no to more spending. B.O. is spending our country into another Greece.

    October 19, 2011 11:48 am at 11:48 am |
  13. Mikey

    @ four – Ryan wants to save medicare? He would give everyone a $15,000 voucher that would inflate at CPI. Meanwhile, medical costs are rising at 10% or more, annually, and have been for a decade or more. In 20 years, no one will be able to afford their private medicare coverage. It will chew up all their social security and then some.

    October 19, 2011 11:48 am at 11:48 am |
  14. Four and The Door

    Rudy NYC
    ...The Ryan Plan for Medicare is to destroy it. It does not address the actual cost of providing care at all.
    _________________________________________________________________________________________
    If you live in America in 2011 and drive a car and talk on a cell phone and use a computer and eat food then you are aware of the cost and quality improvements competition brings to a market. This is exactly what benefit the restructure of Medicare in the Ryan Plan does. It is a proven concept and the proof is all around you. It works.

    October 19, 2011 11:53 am at 11:53 am |
  15. Dominican mama 4 Obama

    B.O.'s home state of IL ...every house hold owes a debt of $42,000
    -------------------------------------------------
    EVERY HOUSEHOLD? Really?
    That's as far as most of us got with your post.
    The use of absolutes like EVERY, ALL etc denotes the fallacy/weakness of the point you're trying to get across.

    October 19, 2011 11:58 am at 11:58 am |
  16. HunterPSU

    pretty amazing how many leaches want more from the government...you can tell the leaches that keep sucking off the gov's money dont care that the gov is going broke. they just want someone else to pay their way. Medical costs are so high. we cannot possibly afford it...so lets let the gov pay for it. the gov will cover our costs...the gov will be able to do it cheaper. The ryan plan at least puts the choice and responsiblity back in the tax payers hands. At least the tax payers ...yes the real ones...that actually pay taxes. I understand that the leaches dont like it because they prefer the gov takes care of them and they dont care how wasteful the gov is because it is not their money anyway. The leaches want more of the same. more from the gov...more debt...why would they not want that....they are leaches..

    October 19, 2011 12:00 pm at 12:00 pm |
  17. fred ca

    Giving the dog a bone...chicago hood (aka white house aide) to obama, 'say, it's been 3 years, there's an election coming up, we need to give them money'. As obama steps back from his putt he says, "give them 3.6 percent. They will vote for me and the chinese can get it from their grand-children".

    October 19, 2011 12:10 pm at 12:10 pm |