Social Security Cost of Living Increase is a Work of Fiction
While I'm taking note of the fact that I'll be receiving a 5.8% cost of living increase in my Social Security payments come January 2009, I have to laugh. This is touted as the largest increase in 25 years, but falls well short of real inflation. No one seems to know exactly what the "real inflation" rate is. But you can be certain it isn't nearly as low as 5.8%. Continue Reading »
Tags: consumer price index, cost of living increase, inflation rate, market basket, medicare, medicare premiums, retire, senior citizens, social security
