Inflation Could Give Seniors a Raise - But Don’t Count On It
(By - Scott Burns, The Dallas Daily News)
Inflation could be a sweet double-whammy for the folks I call Solvent Seniors. Social Security benefits increase with inflation; for 2015, the increase was 1.7 percent. And if inflation is more than a feeble throb, interest rates may rise. Savers might actually earn a return on their money. Imagine that! But don’t hold your breath. The prospects for both aren’t good. How come? Let’s take a quick tour of the numbers. Read more…
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