With all of the taxes we pay now, why is the low price of gas causing Social Security not giving a COLA raise this year? Does this make sense to you? It sure doesn't to me.


4 Answers

Ancient Hippy Profile
Ancient Hippy answered

It makes no sense to me. I don't understand why the COLA for seniors is ONLY based on one cost of living, gas. Since I retired, my expenditure on gasoline has dropped dramatically because I drive less while the cost of everything else has risen.

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Bikergirl Anonymous
Ok .. so .. have I got this right ... gas doesn't directly dictate the cost of living, it along with other factors 'influence' it. Right?

I have always been confused by the factors part .. considering .. the cost of fuel fluctuates .. goes up and down .. why is it we never see the 'down' influence in the cost of living .. and only the 'up'???
Rooster Cogburn
Rooster Cogburn commented
Good question !
Ancient Hippy
Ancient Hippy commented
Just as any report coming from the government, it's skewed to the direction that they want.
Maurice Korvo Profile
Maurice Korvo answered

Just a thought, could it be that the taxes from the sale of gas are a % and thus the government is not getting nearly as much money as when gas prices are high?  Plus the cost of living may also include the price of gas.

Tom  Jackson Profile
Tom Jackson answered

Social Security and Supplemental Security Income (SSI) benefits are adjusted to reflect the increase, if any, in the cost of living as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) prepared by the Bureau of Labor Statistics (BLS).


Walt O'Reagun Profile
Walt O'Reagun answered

It's part of their strategy of making everybody "equal" in wealth.

The only way to do so, is to make everybody poor.

Part of that includes making people give up private ownership of homes.  Easiest way to achieve that, is to make people use the "reverse mortgage" ... So when they die, their family can't inherit the home because of the mortgage on it.

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