Latest Social Security COLA Forecast a Setback for Retirees | Seniors Trying to Survive the SIlent Tax on Seniors

Latest Social Security COLA Forecast a Setback for Retirees

Snippet of Article: "...TSCL's 2024 Senior Survey (with over 1,100 responses) affirmed the struggle to make ends meet. The survey found that 71% of individuals said their household costs rose more than 3.2% in 2023 (the year used to determine the COLA). And 53% said they had spent their emergency savings, while 43% reported household expenses increased by over $185 per month in 2023. ...“If the COLA increases by 2.6%, that will be an approximately $45 increase. What can you buy for that? Not much"

Source: www.kiplinger.com

Destruction of the American Retiree,Inflation | The Silent Biden/Democrat Attack on Social Security Recipients, CPI-W vs. Real Inflation Numbers, Raising Taxes on the Lower Middle Class (The Biden/Democrat Agenda),

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Federal Reserve | ‘Significant’ Inflation Risk That May Merit More Hikes

Fed Saw ‘Significant’ Inflation Risk That May Merit More Hikes

Snippet of Article: "...Federal Reserve officials at their policy meeting in July largely remained concerned that inflation would fail to recede and that further interest-rate increases would be needed. At the same time, cracks in that consensus were also becoming more apparent. “Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy..."

Source: www.bloomberg.com

Biden Inflation,Bidenomics,Biden Legacy,Economic Destruction, Fails by Biden, Destruction of the American Retiree,Interest Rates,government induced inflation,