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Politics : Mainstream Politics and Economics
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To: TimF who wrote (54478)10/5/2013 4:55:34 PM
From: Broken_Clock  Read Replies (1) of 85487
 
"Yes. Over time Social Security payments have gone up faster then inflation. "

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“So studies show in the last 20 years, for example, people who are on Social Security and even if they have had a cost of living adjustment, they have fallen shy of keeping up with the cost of living by about 20 percent (of) their cost of living. And that has given risen to a plan to have a separate cost of living adjustment just for retired folks that would be geared exactly to their expenses. That has been proposed in Congress; thus far no movement on it.”


http://www.cals.ncsu.edu/agcomm/news-center/economic-perspective/does-social-security-keep-pace-with-inflation/
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