Social Security Announces 2.1 Percent Benefit Increase for 2004

Monthly Social Security and Supplemental Security Income benefits for more than 51 million Americans will increase 2.1 percent in 2004, the Social Security Administration announced today.

Social Security and Supplemental Security Income benefits increase automatically each year based on the rise in the Bureau of Labor Statistics’ Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), from the third quarter of the prior year to the corresponding period of the current year. This year's increase in the CPI-W was 2.1 percent.

The 2.1 percent Cost-of-Living Adjustment (COLA) will begin with benefits that 47 million Social Security beneficiaries receive in January 2004. Increased payments to 7 million Supplemental Security Income beneficiaries will begin on December 31.

more here ...

http://www.ssa.gov/pressoffice/pr/2004cola-pr.htm

And the question remains, what should I do with that extra $5? Buy a sandwich or 3 gallons of gas? Thanks a lot *!!!!!!!!

:dem:

But medicare premium is going up 13.1% so I am actually getting a cut in pay :(

No doubt! More $ for the Medicare that no one really wants to take anymore. The whole thing is a sham! Let some fat cat rich assed pig try to make it on an extra $5.00 a mo. or even lose thanks to the 13%+ increase in Medicare.

Are we screwed or what?

*sigh*

that you have been wanting.