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Minimum SS check is $725.  Medicare Part B is $100.  Social Security minimum take home is only $625 per month!  $625 divided by 160 hours (40/week) = $3.90 per hour.

Millions of Americans were forced into early retirement because of the Housing Crisis slash economic meltdown.  Many people over 55 were not rehired.  Ageism exists.  The forced early retirment cut the minimum SS check for these innocent workers by approximately $300 a month.

And women, who were poorly paid for most of the 20th Century, are hugely more apt to fall into the minimum SS check category regardles of when they retire.  

Why The Minimum Wage Is A Women’s Issue, In Three Charts

1. Two-thirds of minimum wage earners are women
2. Families benefit from a wage increase. Sixty percent of women are the primary or co-bread winners in their households
3. Over 17 million women would benefit.

Doesn't this ring true for retired women, too?

If we weren't married for 10 years to a wage earner, we don't qualify for 'his' SS benefits.  Millions of women are headed into poverty once their savings are depleted.  It's a catastrophy in the making.

While we are talking about minimum wage, can we talk about increasing the minimum Social Security check?  Prices on everything are sky rocketing.  The elderly relying on Social Security need a big jump in their minimum wage, too!

And lots of us are helping our kids keep food on their tables, care for their kids so they can work, and go without to do so.  We can't say NO to the grandkids so our life-savings will more than likely be spent before we die.

Some compassion for Seniors please, especially retired women receiving only $625 ($725 less $100 to pay for Medicare Part B) a month to live on from Social Security?

These 12 Charts Show HOW Trickle-Down Fails, Gross Income Inequality, and WHY You feel pinched

Pictures speak a thousand words.  Listen to what these charts/pictures are saying.  But first, this quote from that screaming liberal, William F. Buckley

“Conservatives pride themselves on resisting change, which is as it should be. But    intelligent deference to tradition and stability can evolve into intellectual sloth and moral fanaticism, as when conservatives simply decline to look up from dogma because the effort to raise their heads and reconsider is too great.”
I love this quote.  So, what do the charts have to say about Trickle-Down, Income Inequality, and your financial pickle?

Where did all the money go?

Income Inequality Pre-Depression & Pre-Recession the Same

Again, where did all the money go?

Income Distribution Inequality, USA 1946 - 2007

Although this chart only goes to 2005, you can see where the money went.  Into the pockets of insatiably greedy CEOs

CEO Pay 1990 - 2005

By 2011, the CEOs benefited with even greater gains DURING the Great Recession:

CEO vs Workers Pay 1980 - 2011

NOT SINCE THE GREAT DEPRESSION HAVE WORKERS BEEN THIS EXPLOITED while the rich get richer.  Corporate profits are also at a 60 year high!

Here's the truth about median income in America as of 2009:

Taxes Median Income

US Workers are mostly living hand-to-mouth these days.  Don't feel badly if you are, too.  It's the new American norm, the USA is becoming one of the worst Income Inequality countries in the western world, and you should be feeling a tad upset about being bilked!

75% earn less than $42,000

50% earn less than $26,000

40% earn less than $20,000

The Median Income in the USA is only $26,000 a year.

Why does it feel like your pay check doesn't go far enough?

Why does it feel like everything but your check is rising.

They are!  

Prices for everything are rising.

Rents Rise as More Americans Flock Back Into Cities

Nationally, rents were up 4.6 percent, even as home values have skidded along near 2003 levels.

Rents Rising Rapidly 2009 - 2014

The cost for child care is exceeding the costs of rent:

Child Care Costs Soaring 2012

In the past year, consumer food prices have increased 4.4%  Food prices will continue to increase in 2013

Food Prices Going Up 2013

Health Insurance Premium costs 2002 - 2012

Health Insurance Increase 2001 - 2012

College tuition has risen 4.8%

College Tuition Rises 1986 - 2013

Why is meat getting so expensive?  The cost of hay has gone way up

Cost of Hay 1990 - 2013

Lastly, many here are over age 50.  Have you noticed that wages seem to peak at age 50?  Is this Brookings Institute chart an indication of ageism?

Average Annual Income by Education Level

Speaking of aging.  The charts above make a good case for increasing the lowest Social Security amount from a little over $700 a month for the millions of us FORCED INO EARLY RETIREMENT IN 2007/08 due to Wall Street malfeasance and layoffs/NO JOBS FOR OLDER WORKERS. No one can live on $700 a month and many in the USA have only SSI to live on.

So, if you are feeling a little more pinched than usual, I hope the charts help explain why and that you are not all alone.  There is a lot of shared suffering these days, unless you are in the higher tax brackets, and even they are complaining.

You see, the GOP has lied for decades in their quest to kill unions, public education, and our social safety nets.

Finally, we have proof.  The IMF, CRS, and CBPP agree.

You can find the nitty, gritty details here

PROOF: GOP Deficit Hawks Lie - IMF, CRS & CPBB FINALLY Agree. See Charts

Originally posted to War on Error on Wed Feb 13, 2013 at 03:26 PM PST.

Also republished by In Support of Labor and Unions.


Raise Minimum SS for those forced into early retirement

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Comment Preferences

  •  Yes and It Needs to Be Indexed For Senior Expenses (18+ / 0-)

    not the cost of living index for working age and younger people.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Wed Feb 13, 2013 at 03:31:59 PM PST

  •  There is an "entitlement crisis" coming that is (4+ / 0-)
    Recommended by:
    War on Error, kyril, Cassandra Waites, Chi

    ..not on  the radar of the Very Serious People. The crisis is what you describe above. Social Security as it presently stands, is inadequate for the needs of many who will be retiring in the next 25-35 years.

    I favor being direct with people. Tell them we have to pay a bit more to meet those needs. This includes raising the cap and also curbing, but not stopping, the benefits of those who are furthest away from living in poverty.

    "There is nothing more dreadful than the habit of doubt. Doubt separates people. It is a poison that disintegrates friendships and breaks up pleasant relations. It is a thorn that irritates and hurts; it is a sword that kills.".. Buddha

    by sebastianguy99 on Wed Feb 13, 2013 at 03:36:22 PM PST

    •  re sig: yeah, but trust demands a lot. (2+ / 0-)
      Recommended by:
      War on Error, Cassandra Waites

      in some cases, it demands everything.
      that's why it's hard: it's the ultimate vulnerability.

      and why betrayal is such trauma.

      There is no Article II power which says the Executive can violate the Constitution.--@Hugh * Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.

      by greenbird on Wed Feb 13, 2013 at 03:45:48 PM PST

      [ Parent ]

      •  which produces this thought: (0+ / 0-)

        what gives me the badge my profile boasts:
        "Trusted User."

        why ? what did i do or not do ?
        i'm just a BIRD, for god's sake...
        i could be a SPY !!!!!!!!!!!!!!!!!!!!!!!!!!!

        beware Romans bearing "gifts."
        (a horse told me that one...)

        can i trade my mojo for moxie ?
        these things are not under MY CONTROL !!
        where's the TRANSPARENCY, kos * !??

        There is no Article II power which says the Executive can violate the Constitution.--@Hugh * Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.

        by greenbird on Wed Feb 13, 2013 at 04:31:56 PM PST

        [ Parent ]

        •  and now, even WORSE ... (0+ / 0-)

          somebody's FOLLOWING me.

          a POLITICIAN.
          (i'm freaked out.)

          There is no Article II power which says the Executive can violate the Constitution.--@Hugh * Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.

          by greenbird on Wed Feb 13, 2013 at 04:33:19 PM PST

          [ Parent ]

    •  It's inadequate right now! (6+ / 0-)

      Who can live on $625 a month?  Don't forget, Medicare requires deductibles and co-pays.  Will these elders seek medical care?

      It's difficult to be happy knowing so many suffer. We must unite.

      by War on Error on Wed Feb 13, 2013 at 03:51:35 PM PST

      [ Parent ]

  •  it keeps me frugal. (6+ / 0-)

    it forces choice in spending.
    it creates inventive ways to get 'er done w/o funds.
    (there's a neat slogan for somebuddy...)
    it's all i get.
    i make it work.
    don't rock the boat: i would hardly make a "moving" target, as i can't hardly even walk, let alone walk fast.
    the lord provides, the goddess sustains.
    i'm a bird. they'll target ME.
    buy us a limo to be cheauffered around in as a GROUP... we'll get off the roads AND save money (so much money).
    make sure we have broadband internet service free, that'll help: and fix it so it's hotwired to dkos !

    organize !

    There is no Article II power which says the Executive can violate the Constitution.--@Hugh * Addington's Perpwalk: TRAILHEAD of Accountability for Bush-2 Crimes.

    by greenbird on Wed Feb 13, 2013 at 03:40:07 PM PST

  •  Accumulation is instinctive behavior. (2+ / 0-)
    Recommended by:
    War on Error, jabney

    All instinctive behaviors in humans are capable of becoming obsessive. Obsessive accumulation results in hoarding which, when there is a tangible substance that takes up space involved, tends to be somewhat self-limiting. People run out of space or start infringing on other's space and the others call a halt. Obsessions do seem to require outside intervention to be stopped.
    The problem with modern money is that it takes up almost no space at all. So, humans can accumulate it in various accounts without getting much notice at all.
    Now, since money is theoretically infinite, we could just keep issuing more to make up for what's being siphoned and hoarded or sequestered. But that's really inefficient and, again, obsessions ought to be stopped. So that's why it's a good idea to take the money back by levying a stiff tax. Indeed, since it's likely that groups of people have the capability of hoarding more, groups we usually refer to as corporations (artificial bodies) should probably be taxed more to keep the money moving. Velocity is probably more important than quantity. Because quantity refers to a measuring function, while velocity refers to motion and motion is what we want in a current. We want the currency to move, not stagnate like some swamp.

    We want to tax not to penalize, but to lubricate. That's what any moving substance does. We talk of throwing sand in the gears, but even sand can act a a lubricant by smoothing surfaces.

    We organize governments to deliver services and prevent abuse.

    by hannah on Wed Feb 13, 2013 at 03:59:08 PM PST

  •  They've got something to bitch about? (5+ / 0-)

    Try living on SSI.  That's even less.  

    The reason I'm on that is because when I asked him to please do his half of my SSDI app my then-doctor told me I should find some dumb schlub to marry me and start having kids.  That would make my so-called "stroke" deficits and my clinical depression go away.  He pitched the app in the trash without telling me.

    And I've got a drive-through spaying scheduled for April 1st at a hospital that's an hour away and I need to somehow find a ride.

    It's not the poverty as much as the venom you get from the right wingers.  They make it sound like you're stealing money out of their personal pockets.

    Any jackass can kick down a barn, but it takes a good carpenter to build one.--Sam Rayburn

    by Ice Blue on Wed Feb 13, 2013 at 04:20:56 PM PST

  •  you need to be married for 9 months (4+ / 0-)

    in order to collect survivor benefits.

  •  I would make one adjustment in your calculation. (3+ / 0-)
    Recommended by:
    Catte Nappe, 3goldens, War on Error

    A work year is budgeted on 2,080 hours per year (173.3 per average month). $625 x 12 months = $7,500 / year.

    ($7,500 / yr) / (2,080 hrs. / year) = $3.61 per hr.

    An honest heart being the first blessing, a knowing head is the second..Jefferson's Letter to Peter Carr

    by JugOPunch on Wed Feb 13, 2013 at 04:21:33 PM PST

    •  Another thing. My calculation is $.30 / lower. (1+ / 0-)
      Recommended by:
      War on Error

      $0.30/hr x 2080 hrs. = $624. At $3.90 per hour there a missing 13 month social security check. Christmas checks for all recipients. 8% Christmas holiday Social Security check.

      Not quite Atrios' 20% increase. Yet, it has Christmas for the heart strings.

      An honest heart being the first blessing, a knowing head is the second..Jefferson's Letter to Peter Carr

      by JugOPunch on Wed Feb 13, 2013 at 06:20:57 PM PST

      [ Parent ]

  •  It wasn't meant to be your sole support (7+ / 0-)

    Three legged stool.  It was to supplement company pensions (for those who remember what those were); and personal savings (for those who have earned enough consistently to have accumulated such a thing).

    What's missing with too many of these decision makers and commentarians is a total disconnect from reality. An utter lack of awareness that employer pensions are all but extinct for most people, and wage disparity has eroded any opportunity that more and more people ever had for personal savings. - not to mention what the financial implosion has done to those who did manage some personal savings and investments. Unfortunately, most of them are going to be enjoying their own comfy retirements before the real impacts of their decisions becomes visible.

    "No one life is more important than another. No one voice is more valid than another. Each life is a treasure. Each voice deserves to be heard." Patriot Daily News Clearinghouse & Onomastic

    by Catte Nappe on Wed Feb 13, 2013 at 04:47:23 PM PST

    •  Our decisionmakers have been allowed to loot (1+ / 0-)
      Recommended by:
      War on Error

      the country and leave the rest of us with nothing.  You know why they won't take the cap off SS, it is not because of the rich who don't want to pay it, it is the employer match.

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