Comment by jjav
2 days ago
> Most people are on social security, which is inflation adjusted.
Right. Technically. And I have a bridge to sell you!
I was managing all the finances of one of my parents until they passed away. In 2022 inflation peaked at ~9%
That same year, their social security monthly payment went up by..... $10
That for sure covered all the rising costs (/s)
Social Security Announces 8.7 Percent Benefit Increase for 2023
https://www.ssa.gov/news/en/press/releases/2022-10-13.html
So either your parents were getting $115 from social security, or you are trying to report increase of a year with essentially 0% inflation as if it were the year with 9% inflation.
I have the numbers right here. Monthly payment went up from $2455 to $2465. So that's $10.
This is not from a press release or news article, it's from the actual check that got deposited monthly.