susankenny Posted January 20, 2013 Share Posted January 20, 2013 My husband's paycheck is $100 less a month now due to the increase in social security interest rate :crying: Anyone else affected by it? Susan Quote Link to comment Share on other sites More sharing options...
Guest inoubliable Posted January 20, 2013 Share Posted January 20, 2013 http://forums.welltrainedmind.com/topic/448078-paycheck-dont-be-alarmed-but/page__hl__%2Bpaycheck http://forums.welltrainedmind.com/topic/447711-anyone-get-paid-today-ugh/page__st__50__hl__+paycheck#entry4589492 Quote Link to comment Share on other sites More sharing options...
hsmom2011 Posted January 20, 2013 Share Posted January 20, 2013 n/m Quote Link to comment Share on other sites More sharing options...
susankenny Posted January 20, 2013 Author Share Posted January 20, 2013 Yes, ours has dropped about the same, and after years of NO pay raises it's the last thing we need. The shoestring we are living on is becoming more and more frayed! Arrrgh :crying: This is how I feel. It may not seem like much, but it is like receiving a $1,200 a year pay cut :( Susan Quote Link to comment Share on other sites More sharing options...
dm379 Posted January 20, 2013 Share Posted January 20, 2013 Dh got a cost of living pay raise but the increase is so high we make less now than we did before. Quote Link to comment Share on other sites More sharing options...
AimeeM Posted January 20, 2013 Share Posted January 20, 2013 ... Quote Link to comment Share on other sites More sharing options...
Trish Posted January 20, 2013 Share Posted January 20, 2013 I would think everyone would experience this if they had been paying social security the year before. Quote Link to comment Share on other sites More sharing options...
mytwomonkeys Posted January 20, 2013 Share Posted January 20, 2013 we feel the pain of it too. it's isn't a ton, but it still stinks. Quote Link to comment Share on other sites More sharing options...
CupOCoffee Posted January 20, 2013 Share Posted January 20, 2013 Yep, everyone is going to feel this; and really technically we need to remember that it's not a tax increase. It's the "holiday" ending, as they said it would. I think we all forgot that the cut-back on the SS tax was temporary. It still sinks, and coming on top of things like increases in health care costs, lack of raises, and generally everything costing more, it's just one more thing to break the backs of already tight budgets. :( Quote Link to comment Share on other sites More sharing options...
QueenCat Posted January 20, 2013 Share Posted January 20, 2013 Ugh.... see the other threads on the matter. There was a 2% TEMPORARY reduction for TWO years. That reduction was ALWAYS intended two be for just those two years. The reduction period is over and the 2% is coming back out as Social Security cannot have a long lapse of reduced contributions. Quote Link to comment Share on other sites More sharing options...
regentrude Posted January 20, 2013 Share Posted January 20, 2013 My husband's paycheck is $100 less a month now due to the increase in social security interest rate What does that have to do with interest rates? I was under the impression that everybody is paying the 2% more for SS because the temporary reduction expired. Quote Link to comment Share on other sites More sharing options...
Guest inoubliable Posted January 20, 2013 Share Posted January 20, 2013 What does that have to do with interest rates? I was under the impression that everybody is paying the 2% more for SS because the temporary reduction expired. Nothing. It's another conspiracy! LOL Quote Link to comment Share on other sites More sharing options...
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