The Social Security raise is off by a fraction. Considering what I heard and read. Even though the increase is to be the largest in years, it has not kept up with inflation for years.
When I heard about the increase, I thought of minimum wage and what a debacle this is. The minimum wage has been $7.25 for years while the cost of goods keeps going up. Add together the number of minimum wage earners and those collecting Social Security, and the total population swarming for help is over 70 million. Plus the ones living on only Social Security with no savings are within the range of 40 million.
So where does that leave the rest of the people who could be able to afford comfort without going deeper into debt?
Ron Kasper
Whitehall