Tag: fixed income
Answering that question highlights the need for better data. A reporter asked the other day how dependent people were on Social Security. The query sent me scurrying to find the latest Social Security Administration statistical publication showing the percentage of households relying on Social Security for more than 50% or 90% of their income. It…
Timing, index questions, and a huge Medicare premium increase should not cloud value of Social Security’s COLA. I recently talked to one more reporter who commented that our current inflation situation must be particularly hard for retirees who “live on fixed incomes.” The fact of the matter is that Social Security is the major sourc…
