Tag: Social Security COLA
The current index is a good compromise. It’s “Social Security COLA-speculation” season, and with it comes the annual controversy about whether the government is using the right index to adjust benefits. I would argue that the current index is good enough; it can easily be viewed as a compromise between the two major alternatives –…
For several years before the pandemic, everyone became complacent about an inflation rate hovering reliably around 2 percent. We were jolted from our torpor by the COVID spike in inflation to nearly 9 percent. Although inflation has come down sharply, the 3 percent rise over the past year is still above pre-pandemic levels. Higher…
