Aging in America - Financially Squeezed
Jane Genova: Speechwriter - Ghostwriter
OCTOBER 10, 2019
Obviously, all this continues to leave many seniors in a financial squeeze. Do the math. For 2019, the increase for seniors and others receiving Social Security was 2.8%. For 2020, the Social Security Administration announced, The Wall Street Journal reports, the increase will only be 1.6%. Meanwhile, the Consumer Price Index showed that inflation had recently increased 1.7% over the previous year.