Rumors have it that the next SS COLA will be about 1.5%

[FogerRox]

http://finance.yahoo.com/news/social-security-raise-among-lowest-122727187.html

[madrchsod]

1. i guess it`s better than nothing.

oh wait a minute... it is nothing

[FogerRox]

2. How many time over the last 10 years was it 0%?

[ThingsGottaChange]

3. Here's COLAs from 1975 to 2012

Read it and weep. Obama made it 0% two years in a row. Good thing it costs almost nothing to live anymore!

Year COLA
1975 8.0
1976 6.4
1977 5.9
1978 6.5
1979 9.9
1980 14.3
1981 11.2
1982 7.4
1983 3.5
1984 3.5
1985 3.1
1986 1.3
1987 4.2
1988 4.0
1989 4.7

Year COLA
1990 5.4
1991 3.7
1992 3.0
1993 2.6
1994 2.8
1995 2.6
1996 2.9
1997 2.1
1998 1.3
1999 2.5
2000 3.5
2001 2.6
2002 1.4
2003 2.1
2004 2.7

Year COLA
2005 4.1
2006 3.3
2007 2.3
2008 5.8
2009 0.0
2010 0.0
2011 3.6
2012 1.7

[SammyWinstonJack]

4. Pretty healthy increases in the 70's early 80's.

[moonscape]

7. Yeah, same time I got 14.5% CDs from my savings bank ... n/t

[PRB]

5. 0% in 2009?

I know it was a tough year, but really? 0% 0 FRIGGIN percent in 2009? The talk about privatizing social security is out of hand. The other poster pointed out the increases in the 1970s and 1980s. What happened to that? A percentage is a percentage. It should not change. I am also tired of people discussing SS like it's a pyramid scheme. Good god...do they know what a pyramid scheme is? It's transferring money from one person to another without a good product or service being exchanged. It eventually falls apart because of this. That is theft and it is now more rampant because of the internet. Where the fuck is that lock box that used to be discussed? STOP TALK ABOUT PRIVATIZING. Lock this up, gets your hands off people's money, and provide the proper COLAs already.

[FogerRox]

6. COLAs are based on cost of living increases/inflation

[moonscape]

8. Period of high inflation during the Carter years n/t