Row 75308

Row ID: 75308 | Dataset Entry | Axioma AXP Content Repository

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https://www.ssa.gov/cola/

This isn’t some random study, this is a federal document from the U.S government stating in their own words how much they need to adjust retirement for people to maintain their standard of living.

The cost of living adjustment from 2010-2021 was Between 0% and 3% many years just barely over 1% with a singular year at 3.6 percent

Whereas 2022 to today has been 6%, 8.7% and 3.2%. It was literally lower during Covid than it was now, and there were major shortages and it was lower in the Great Recession.

8.7% cost of living adjustment is the largest adjustment since 1981, with the second largest being 1982 at 7.4%, and the third largest being 5.9% in 2022.

So according to the U.S government, you have lost a massive amount of buying power, especially since these percentages are already off a very small amount of money, not a standard work salary.

3.2 right now is better, but it still isn’t particularly low compared to the other lows, and we are in an election year, so we can’t depend on stuff being low for the next four years.

FieldValue
text https://www.ssa.gov/cola/ This isn’t some random study, this is a federal document from the U.S government stating in their own words how much they need to adjust retirement for people to maintain their standard of living. The cost of living adjustment from 2010-2021 was Between 0% and 3% many years just barely over 1% with a singular year at 3.6 percent Whereas 2022 to today has been 6%, 8.7% and 3.2%. It was literally lower during Covid than it was now, and there were major shortages and i…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

{
  "text": "https://www.ssa.gov/cola/\n\nThis isn’t some random study, this is a federal document from the U.S government stating in their own words how much they need to adjust retirement for people to maintain their standard of living.\n\nThe cost of living adjustment from 2010-2021 was Between 0% and 3% many years just barely over 1% with a singular year at 3.6 percent \n\nWhereas 2022 to today has been 6%, 8.7% and 3.2%. It was literally lower during Covid than it was now, and there were major shortages and it was lower in the Great Recession. \n\n8.7% cost of living adjustment is the largest adjustment since 1981, with the second largest being 1982 at 7.4%, and the third largest being 5.9% in 2022. \n\nSo according to the U.S government, you have lost a massive amount of buying power, especially since these percentages are already off a very small amount of money, not a standard work salary.\n\n3.2 right now is better, but it still isn’t particularly low compared to the other lows, and we are in an election year, so we can’t depend on stuff being low for the next four years.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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}
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