For the second year in a row, the Consumer Price Index has not increased and the Social Security Administration has announced that there will be no Cost of Living Adjustment (COLA) raises going to Social Security recipients, disabled workers, or survivors of deceased workers this year. And the seniors are up in arms about it.
Now, mind you, I’ve been a senior citizen—for quite a while now. And Social Security makes a welcome contribution to my retirement income. But the sole purpose of the COLA provision was to help people overcome the ravages of inflation; and, if there ain’t any, they don’t need that protection!
Sure, I’m familiar with the argument that the increase in cost of the things important to seniors, like food and medicine, has not abated; and the the things that held prices down were those that did not affect them.
But ours is the generation that gave the store away, mortgaged our kids’ and their kids’ kids’ futures so that we could live higher on the hog than we should have. So, if there’s anyone who should be ticked off, it should be those kids who are having to pay into a system they’ll not likely benefit from because we committed them to do it.
Of course, they won’t notice it until after we’re gone, because we’re the generation that never learned—nor taught our kids—the hazards of living for today and neglecting tomorrow.
Ours is the generation that, in the interest of making sure that our kids “won’t have to go through what we went through,” deprived them of the satisfaction of doing for themselves, and denied them the self esteem that goes with it.
No matter how needy we might be, we had better suck it up and be grateful we get anything at all from Social Security. the biggest, self-inflicted, de facto Ponzi scheme of all time!