Every October, Social Security’s cost-of-living adjustment (COLA) becomes one of the most closely watched numbers in American personal finance. For the more than 71 million Americans who rely on retired-worker, disability, or survivor benefits, that single percentage determines how much further — or how much less far — their monthly check will stretch the following year.
Heading into 2027, that number is shaping up to be unusually large, and unusually political. Analysts are now calling it a second consecutive “Trump bump,” a COLA increase driven in meaningful part by the administration’s trade and foreign policy decisions rather than by ordinary economic conditions.
I guess you still have your head up trump’s ass also
There is some truth to the statement that cola goes up Medicare goes up. The greatest concern today is that the government is allowing the insurance companies to rob our trust funds. For example, having unsuspecting seniors sign up for advantage plans that allow insurance companies to draft funds from your social security. The programs are of short benefits that do very little or nothing as far as health cost goes.
Social Security is NOT an entitlement! Everyone that has earned an honest paycheck & payed taxes also payed into social security since 1935 when it was enacted by President Franklin D Roosevelt. It was set up so when a person was getting too old or sick to work 6 days a week they would have an income to fall back on that they had paid into. It is an earned benefit.
Every time there is a COLA raise Medicare also raises their deductible so there is no actual raise. If it wasn’t for the advantage plans most of us would be doing without most of the things we actually need. There will be no “Trump Bump” no matter how they try to dress it up. He isn’t going to “give” us anything. He has been taking away everything he can.
I’ll believe it when I see it. Just more BS from the man with the golden tongue!