Folks reviewing their 2017 prospects for Social Security checks this week say it’s like trying to run in sand, with one Boynton Beach resident saying Friday that even tiny increases are being offset by higher deductions for Medicare.
“My water bill goes up, my car insurance bill goes up, my home insurance bill goes up,” Jerry Weisberg said. But his Social Security benefit does not, with overall inflation held in check thanks to low oil and gas prices for most of 2016. People on fixed income are “getting killed,” he said.
Such concerns show up even on comments on a holiday blog post entitled “Generosity Begins at Home” from
The first commenter said, “But not at Social Security. Zero increase in benefits this year.”
A second commenter said, “I have to agree with that one! After two years in a row of NO COST OF LIVING INCREASE, and finally getting one, thanks for the government’s sincere generosity, I just don’t know where to begin on how I will be able to use this huge $4.00 increase!”
Others also noted a Social Security increase of 0.3 percent was wiped out by Medicare deductions.
It’s a big deal in Palm Beach County, particularly for those who live on fixed incomes. More than 22 percent of Palm Beach County’s 1.4 million residents are older than 65, compared to less than 19 percent statewide and about 14 percent nationally.