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This year, retirees were jolted by the 14.5 percent hike in Medicare’s Part B premium for medical services. It was the second-largest percentage increase in at least 20 years. The monthly premium, which rose to $170, will drop to $165 in 2023. But medical care is an expensive proposition that consumes a big chunk of many retirees’…
Our new research associate, Diana Horvath, and I wanted to see whether the current high rates of inflation were hurting the poor more than the rich or vice versa. Indeed, researchers at the Bureau of Labor Statistics did such an exercise for the period 2003-2018. They found that because of differences in spending patterns the average annual increas…
