Sixty-four-year-old Kevin Montague says the federal government must be offering a fair larger increase in Social Security advantages to seniors like him, who’ve contributed to the pot all through their working lives.
“I think it should be a little more, maybe 10 or 9 and a half,” Montague stated in regards to the 8.7% cost-of-living improve, which is the most important hike in funds since 1981. “If you work for it, you should basically be entitled to it.”
The Brighton resident labored for the town for 22 years as a library aide for the Faneuil Branch of the Boston Public Library, and retired on the finish of 2020.
But if not for his means to dwell along with his 92-year-old mom, Montague stated there could be no approach he may afford the price of hire in Boston.
Montague expects to have the ability to use a few of his extra Social Security advantages, however a part of his authorities test goes to his mom. And he stated inflation will take a chew out of the remaining, citing elevated prices for meals, garments, medical insurance and warmth.
With the cost-of-living adjustment, the common retiree advantage of $1,656 is predicted to extend by $144. Seniors are suggested to do their very own calculations to find out their precise funds for the approaching yr.
Still, Montague stated the federal authorities ought to do extra to assist seniors.
“I think Washington is so corrupt really,” he stated. “They don’t care about the common person. They care about themselves. They should give back to the person who is struggling.”
Source: www.bostonherald.com”