Results 1 to 6 of 6

Thread: January 2020 Social Security increment 1.6%

  1. #1
    Senior Member
    Join Date
    Dec 2010
    Location
    Price County, WI
    Posts
    1,044

    January 2020 Social Security increment 1.6%

    Approximately 67 million Americans who are receiving Social Security benefits will receive an increase of 1.6% next year.

    As my Old Dad would say, "It's better than nothing."

  2. #2
    Senior Member Rogar's Avatar
    Join Date
    Jan 2011
    Location
    Colorado
    Posts
    2,916
    Or, that and a quarter will buy you a cup of coffee.

    I think seniors incur a higher rate of inflation than the standard government figures for the rest of the population, but that's a mostly mute subject.

  3. #3
    Senior Member
    Join Date
    Dec 2013
    Location
    Nevada
    Posts
    7,746
    Wow a whole 6 bucks for me(

  4. #4
    Senior Member
    Join Date
    Aug 2016
    Posts
    2,912
    Quote Originally Posted by Teacher Terry View Post
    Wow a whole 6 bucks for me(
    Mine is going up 15, but I don't have a pension and a windfall situation. I love that phrase "windfall"--like you worked all those years and Ed McMahon drove up to give you money out of his car.

    Part of a tank of gas for my fuel economy car?

  5. #5
    Senior Member
    Join Date
    Dec 2013
    Location
    Nevada
    Posts
    7,746
    Tybee, the windfall provision makes sense when someone has many years of service. People that worked some in each get hurt but wow your SS is small.

  6. #6
    Senior Member
    Join Date
    Jun 2015
    Posts
    1,524
    Well, here's more good news-NOT: As of now, it looks like the 2020 Medicare Part B premium will be $144.30. That's an increase of $8.80 from 2019. The Part B deductible is projected to increase from $185 to $197 in 2020. The Part A deductible is projected to increase from $1,364 to $1,420 in 2020.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •