This week we received our Social Security Benefit statements for 2011. As predicted the "monthly amount" stayed the same, but the deductions went up!
Medicare medical insurance went up $74 per month and the Medicare prescription drug plan went up $4.60. So, we'll each have $78.60 less every month to spend in the local economy.
We do have other sources of income, but we have saved those to use for big ticket items, like property tax. For us, this decrease is an inconvenience; for others it can be a major blow.
I sent the above to Sens. Amy Klobuchar and Al Franken and to Rep.-elect Chip Cravaack.
