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2 Pieces of Bad News for Social Security Retirees
Christy Bieber explains how the 5.9% cost of living adjustment due to all beneficiaries in January has some pitfalls nonetheless. First, new inflation numbers report price spikes of 6.2% year over year. Second, Medicare premiums are rising 14.5%. While monthly payments will still rise, even after the premium increases, it shows the problems that high inflation impose on retirees and others on fixed incomes. Full piece here.
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