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Another Look at the 2022 COLA’s Inadequacy
Live5news.com reporter Nick Reagan, in a post on their website, echos what many pundits have been saying since the 2022 5.9% cost-of-living adjustment was announced a few weeks ago. Calling it a “major increase” that “still falls short of inflation,” Reagan quotes David Monckton of Carolinas Wealth Management, “Even though there’s Social Security is going to go up roughly $92 a month, based on some of the earlier projections, about half of that would go toward paying higher calls for Medicare Part B,” Monckton said. “Social Security has just never kept up with the real rate of inflation, which is why inflation is such a concern.” Read the Reagan post here…