Tag: inflation

Senior man working at laptop at home

The brief’s key findings are: The recent spurt in inflation is an important reminder that keeping pace with the cost of living is one very valuable feature of Social Security. However, some of the inflation protection offered by Social Security’s COLA is undermined by two factors: Medicare Part B premiums – deducted from Social Security…

Paying with a credit card

In theory, the size of the COLA shouldn’t matter if purchasing power is maintained. For some reason that I do not fully understand, Social Security beneficiaries love to get a cost-of-living adjustment (COLA).  Mind you, I do view automatic indexing of benefits as a wonderful feature of our Social Security program.  Without such adjustments, retirees…