the elderly. Or does it mean they'll suffer from inflationary problems?
2007-01-10 15:54:54 · 5 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
"railroad benefits, like social security benefits, are not contractual and may be altered or even eliminated at any time" - United States Railroad Retirement Board v. Fritz, 449 U.S. 166, 174, 101 S.Ct. 453, 459 (1980)
Mmmm what a warm fuzzy feeling of security.
That's all I have to say about that.
http://www.socialsecurity.org/
2007-01-10 16:08:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depend on many factors. they just received a 3.3% increase in their monthly check. If prices go up because of the minimum wage increase, their dollar will be worth less. They will not get another increase until January next year.
2007-01-11 00:00:13 · answer #2 · answered by Anonymous · 0⤊ 1⤋
the buying power of those on fixed income will decrease by the percent that the minimum wage increase. So if minimum wage increases 40% and SS increases 3% that is a net 37% loss that no one is talking. If 2% of the jobs are minimum wage and 30% of the population is retired raising the wage only hurts 28% of the population. But no one who want the minimum wage increase is talking about the consequences behind the raise will really have. And don't say that SS will increase 40% to stay on pace because SS will be broke soon and 40% means broke just a few months after the increase.
2014-05-09 10:52:09 · answer #3 · answered by Greg T 1 · 0⤊ 0⤋
I don't think that it will have an effect on social security benefits.
2007-01-10 23:59:39 · answer #4 · answered by ambr123 5 · 0⤊ 1⤋
It wont
2007-01-10 23:58:50 · answer #5 · answered by Jeff gordon 2 · 0⤊ 1⤋