Tuesday, October 19, 2004
They announced on the news today that Social Security recipients are getting a 2.7 percent raise in their monthly checks starting in January. For the average recipient, that comes to about $25.00 a month, for me it's a little over $18.00. I'm surprised it's going to be that much. With all the talk about how poorly Social Security is doing, I didn't expect more than 1.5% this year. But it is an election year, and I'm not going to say no to the raise. About half of the increase will be taken back because of a rise in Medicare monthly fees. That sucks. But I guess every little bit helps.
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