Tag: fixed income
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 turns out that the latest date for that publication…
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 source of retirement income for most Americans, and Social Security provides an automatic cost-of-living adjustment (COLA) to reflect…
