Math doesn’t add up for Social Security

Math doesn’t add up for Social Security

(Photo: TRN file photo) The “guaranteed income” the vast majority of Americans will (and do) depend on for the vast majority of their income is Social Security. You’d think that Social Security would be the ideal income stream. After all, it will keep up with inflation and it’s got the best guarantee there is. There are some problems with this.

First, Social Security may not keep up with inflation. January 2009 saw the largest cost-of-living adjustment (COLA) to Social Security retirement benefits since the hyper-inflation period of the early ‘80s. And while seniors, according to The Senior Citizens League, welcomed […]

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