I just saw that the Cost of Living Adjustment (COLA) for social security recipients is going up a whopping .3% (yes, that’s point three percent!).
What really stinks is the amount of income subject to confiscation (that’s really what it is, you know) is going up from $118,500 to $127,200, a WHOPPING 7.3% INCREASE! That means those who make enough will see an additional $539 confiscated from their checks.
Longtime AFM readers know how much I loathe social security.