Social Security has built into its law and budgets a ‘Cost of Living Adjustment‘ (COLA) tied to inflation and/or rising prices. Those prices have, if anything, fallen during The Great Recession, so recipients have not seen a COLA since 2009. But the Social Security Administration published its formula this week to account for a 3.6% […]
#Aging: Is The Job Part-Time, Or The Retirement?
Whatever political position you hold on the TARP of George W. Bush or the bailout of General Motors carried out under Barack Obama, the fact is, a great deal of money, not wealth, was pushed into the economy. ‘Inflation‘ is the result of putting in more money into an economy than the economy is worth: […]